A long-shuttered motel site on the Las Vegas Strip is getting a new owner: a North Dakota tribal nation that owns nearly 22 acres along the south edge of the famed resort corridor.
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The developer said he owes approximately $25 million to $30 million for work on the resort, and that construction “will restart once the terms of the financing are finalized.”
The brainchild of Jay Sarno and Stan Mallin opened to the public on Aug. 5, 1966, at a cost of $24 million. Its rotunda is set for demolition.
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