Cottonwood Lake Homes, a suburban-style subdivision in Searchlight, has street names like Aqua View and Shady Cove, and even some palm trees. But the failed project, a relic of the housing bubble, has far more empty land than developed.
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Millions of dollars meant to help distressed Nevada homeowners stay in their homes at the height of the recession were squandered by a Nevada contractor on excessive rent, holiday parties, employee gift cards and other luxuries.