November 18, 2024 10:55 am
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Faraday Future halts plans for car production at Las Vegas industrial site

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By Sean Whaley | Las Vegas Review Journal

CARSON CITY — Faraday Future on Monday said it is walking away from its planned $1 billion electric car manufacturing factory at Apex in North Las Vegas and will instead seek an existing building to pursue its futuristic electric vehicles.

Starting production at an existing building is viewed as a way to satisfy potential investors that the company is economically viable. The company is looking for an building of at least 1 million square feet, located in Nevada or California, to start production more quickly and more cheaply than building a factory from scratch.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.