The Three Affiliated Tribes acquired 23 acres along Las Vegas Boulevard, but some tribal citizens believe money could be better spent on the reservation.
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Clark County cleared the way for a guitar-shaped hotel tower to be developed at The Mirage, a project that would spell the end of the resort’s iconic volcano attraction.
Hard Rock International is looking to build a 600-room high-rise along Las Vegas Boulevard.
Clark County commissioners gave the green light for a 43-story, 2,420-room project at the southeast corner of Las Vegas Boulevard and Harmon Avenue.
It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
Multibillion-dollar property sales can be structured to allow buyers and sellers to avoid paying the transfer taxes that support schools and other programs in Nevada.
Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
The project, by Reno-based Tolles Development Co., would span more than 140 acres in Jean and could result in a shuttered hotel-casino being demolished.
Casino operator Bally’s Corp., which is buying the hotel-casino, would “almost certainly” look to rename the property as Bally’s and likely look to redevelop the property.
Southern Nevada spent the past year grappling with the pandemic but also saw a burst of lucrative casino deals.