The plan is a part of an effort to redevelop the mile-long corridor linking the city to the campus of the University of Nevada, Reno.
The proposal expected to go before the city's Regional Transportation Commission later this month is part of a broader plan to expand the university's boundaries to the south across U.S. Interstate 80.
Existing holders of gambling licenses within those boundaries would be allowed to continue to operate — including the Circus Circus hotel-casino, but no new ones would be granted.