Developer jailed for contempt during debtor hearing


A developer behind a bankrupt $2 billion mixed-use development in Henderson was jailed for contempt Wednesday after failing to answer questions or turn over documents at a debtor hearing.

Plise repeatedly pleaded the Fifth Amendment, even when questioned about his own name, according to a press release from the creditor who filed a lawsuit against him.

District court records show Judge Charles McGee ordered William Plise jailed for 21 days in the Clark County Detention Center and set bail at $5,000. Jail records late Wednesday indicated Plise was no longer in custody.

Plise was behind City Crossing, a 126-acre, 6 million-square-foot project at St. Rose Parkway and Executive Airport Drive, that filed for Chapter 11 bankruptcy in 2008.

A creditor of the project, Eliot Alper filed a lawsuit against Plise in 2009, claiming he was owed $16 million.

Alper won a summary judgement in 2010 and turned to a debtor hearing to get his money, but Plise would not cooperate, records show.

McGee, a visiting judge from Washoe County, ordered that Plise be released from jail at any time if he allows himself to be examined at a debtor hearing.

The judge further ordered that at the hearing, Plise “may only exercise his Fifth Amendment rights in good faith, and must provide any information regarding assets that are under his actual constructive control or custody,” court records show.

City Crossing was supposed to debut in 2010 and reach completion by 2015. The project envisioned 41-buildings, which included office space, residential, parks, trails, sports courts, lifestyle retail shops and restaurants.

Contact reporter Francis McCabe at fmccabe@reviewjournal.com or 702-380-1039.

 

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