LAS VEGAS (KSNV & MyNews3) -- This month the valley received some welcome news we haven't heard since back in 2007.
A major land development project in the area will bring thousands of jobs.
The area is in a section of land in far northwest Las Vegas in the area of Centennial Hills. The project includes thousands of new homes and it will mean many, many new jobs.
"The economy has changed for the better and I think this is a sign," said Las Vegas city Councilman Steve Ross.
Ross can hardly contain his excitement because an empty plot of land in his ward will soon become the biggest development project in the valley since prior to the recession.
The area for development is about 1,700 acres located near U.S. 95 and Grand Teton in an undeveloped section of Centennial Hills.
Developer Olympia Companies plans to build approximately 9,000 homes, but the master-planned area is also zoned for gaming and commercial use.
"It's schools, it's parks, it's fire stations, police stations, it's our streets, it's our bridges, it's our highways,” Ross said. “It's flood control."
Councilman Ross predicts thousands of jobs as a result of the project over the next several years.
Long time valley residents may wonder about our water supply and how levels at Lake Mead could be affected by such a large scale project.
"The individual use of 9,000 new homes coming in over the next few years really doesn't have any significant impact on what's happening in Lake Mead," said J.C. Davis from the Las Vegas Valley Water District.
Davis says Lake Mead is a shared water source with seven other states and Mexico and currently Las Vegas is using less than its allotment.
The Centennial project, he says, was already part of future development plans and, with current conservation and landscaping guidelines, the project will have little effect on the supply.
Conservation he says will always be a part of the future of Las Vegas and in the coming years, it appears much of that future will be centered in Centennial Hills.
A time frame for this new project is not set in stone, but will involve many phases. Councilman Ross believes construction will start by next year.