What’s Going on With

Lake Las Vegas?

I get this question a lot with one of my new listings in Lake Las Vegas. It’s such a beautiful community that has not been allowed to reach it’s true potential with everything that has been going on.

Here is the newest development taking place in regards to the Bankruptcy proceedings.

Court Dispute Over Bankrupt Lake Las Vegas Project

In court papers, the new owner, turnaround company Atalon Group, accused the brothers and the former managing partner of the development, Transcontinental Corp., of leaving Lake Las Vegas Resort LLC without enough cash to survive after paying themselves a $470 million dividend four years ago.

Interesting… Regardless… the uncertainty will eventually work itself out as it always does with beautiful real estate.

Paul Francis, CRS
Prudential Americana Group – Realtors®
Lake Las Vegas Real Estate
702.592.3058