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The Nevada Independent

Jeffrey Berns

Power, progress and a pandemic: Steve Sisolak’s legacy as Nevada governor

Even late in his term, Gov. Steve Sisolak’s tenure was defined by his COVID response — a response he argued saved lives, even if it caused collateral economic damage. 

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‘Innovation Zones’ promoted by Sisolak would create semi-autonomous county at behest of Blockchains LLC

The proposal by Blockchains LLC would create essentially autonomous districts that function as a county-within-a-county, taking over responsibilities such as tax collection, K-12 education and other services normally provided by county governments. Such “zones” could only be created by a private developer who owns more than 50,000 acres of land (such as Blockchains), promises to invest up to $1 billion in the Zone and agrees to levy an industry-specific tax on an “innovative technology” based in the Zone itself.

Horses at Tahoe Reno Industrial Center

'The deal was rushed:' Records show company skeptical of state financing, discussions to restructure public water district

Documents obtained through two public records requests offer new insight into the relationship between business and government at an industrial park that lured companies with incentives and support from the state. The letter comes amid new scrutiny of those practices. Last month, The Nevada Independent detailed how the industrial park’s public water district, which wants to use eminent domain to build the pipeline project, blurred the line between a government and private utility for decades.

The exterior of a MoneyTree branch

Payday lenders attempt to ‘sneak’ into regulation-light sandbox, legal aid attorneys warn

Comments and suggestions submitted by the Financial Service Centers of America — a trade group for high-interest, short term lenders — caused concern by attorneys with the Legal Aid Center of Southern Nevada, who warned state officials during a workshop held by the state’s Department of Business and Industry to draft regulations to implement a new law (SB161) that payday lenders should not be allowed to participate once it goes into effect next year.

Blockchains CEO buys local bank, charting course for company

Though it may be less exciting than the techno-future vision heavily promoted by the company,  Berns (who will own the bank through a separate holding company and not through Blockchains) said the acquisition of the Las Vegas-based Kirkwood Bank of Nevada is a small but critical step in helping the nascent company achieve its wildly ambitious goals.

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