Big Deal Off?
Keeping track of the changes in the Las Vegas landscape? The controversial land deal between developer Bill Walters and the city of Las Vegas is off. Nevada’s Attorney General is investigating alleged irregularities. Walters plan is to transform the Royal Links Golf Course the course into housing development. Although the Golf Course has a land restriction on it, Walters plans to pay $7 million to remove it.
While the state Attorney General investigates the claims of alleged improprieties, the city council is temporarily stalling the deal to allow the state inquiry time to complete. If possible criminal acts are found to be substantial, what happens to the future of the Royal Links Golf Course? What about future large Las Vegas real estate proposals? As one of the fastest growing population and residential areas in the United States, Las Vegas housing boom will continue, whether at that location or another. For more information on the real estate market and high-rise condos check out Las Vegas Real Estate.
