The Southern Nevada Regional Housing Authority decided Thursday that it will not attempt to purchase the Moulin Rouge property on Bonanza Road near Martin Luther King Boulevard in Las Vegas.
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An official of the company bidding to buy the historic Moulin Rouge site remained optimistic his group would soon demonstrate its financial wherewithal, blaming the hiccup on a lender changing the schedule of the wire transfer.
Las Vegas-based Moulin Rouge LLC made a formal offer to buy the historic Moulin Rogue site and will have until Tuesday to deposit escrow funds.
During a special meeting Tuesday, the housing authority board will consider approving $5.5 million to buy the property of the first racially integrated casino in Las Vegas.
City of Las Vegas staff have agreed to recommend the council waive $1.9 million in civil penalties imposed on the land if a deal is reached.