106°F
weather icon Clear

Influential Las Vegas developer Irwin Molasky dies at 93

Updated July 5, 2020 - 6:23 pm

Irwin Molasky, one of Las Vegas’ most influential developers outside the Strip, with projects ranging from condo towers and office buildings to retail centers and golf courses, has died.

He was 93.

Molasky died of natural causes Saturday at his home, surrounded by family, said his daughter, Beth Molasky-Cornell.

“He was very happy at the end of his life,” she said.

Molasky was one of Las Vegas’ best-known and oldest developers. Starting in the 1950s, he and his partners were behind several first-of-their-kind projects for the area, including Las Vegas’ first privately owned hospital (Sunrise Hospital), enclosed shopping mall (Boulevard Mall), downtown office tower (Bank of America Plaza) and master-planned community (Paradise Palms).

More recently, his namesake firm, the Molasky Group of Cos., built apartment projects in Southern California; Portland, Oregon; Jacksonville, Florida; and Seattle, where it completed a once-stalled high-rise project whose original developer, a Tibetan former monk, was sent to prison in 2017 after being accused of fraud.

Outside of real estate, Molasky helped launch an entertainment company that produced TV hits such as “Dallas” and “Knots Landing.”

Molasky was closely tied to UNLV. He donated land that eventually became its main campus and was the founding chairman of the school’s fundraising wing, the UNLV Foundation. He also founded the Nathan Adelson Hospice, a nonprofit end-of-life-care provider that has served more than 75,000 patients in Southern Nevada.

Gov. Steve Sisolak said in a statement that Molasky “was a great friend and an extremely influential figure in the Las Vegas community.”

“Irwin was a true visionary and a pioneer,” Nathan Adelson Hospice President and CEO Karen Rubel said in a statement. “His compassion for people led the way in all he did in life. He always encouraged us to do what’s right, to take care of people and put them first. We will continue to honor that as we uphold his legacy.”

‘I took the plunge’

Molasky was born in 1927 and grew up in Ohio. His dad managed apartment buildings and had a newspaper distribution agency. Irwin went to a military school in Georgia and spent a year at Ohio State University, then decided to transfer to UCLA and moved to Southern California, according to reports.

But, as he told the Las Vegas Review-Journal in 1999, he worked construction jobs to support himself and “just never did matriculate. I did everything. Waterboy, hauled lumber, estimating, then I took the plunge and started design and construction.”

He built a five-unit apartment complex by age 20 and was drafted into the military in the late 1940s but was discharged before the Korean War. After his Army service, he went to Florida for a year to build GI housing, moved back to California and did some construction, and then moved to Las Vegas in 1951, he said in a 2014 interview for a UNLV oral history project.

When he got here, Las Vegas was a small but booming desert city, a ripe place to work in real estate. Clark County’s population had nearly tripled between 1940 and 1950, to 48,300.

“The town was strictly a Western town,” he said in the UNLV interview. “Most everybody knew everybody else.”

He built the Pyramids, a small motel between the Flamingo and the Sands, in 1952. His parents operated the motel, which relied on well water and charged $6 to $20 a night, he told the interviewer.

Molasky also worked on garage additions and patios and built some “spec” houses, or homes without buyers first lined up. But eventually, he and his partners were developing much larger projects.

They included Sunrise Hospital, which opened in 1958; La Costa resort in Carlsbad, California, in 1965; Boulevard Mall in 1968; and downtown’s Bank of America tower in 1975.

In a March 1968 editorial, under the headline “Boulevard Mall Rides New Prosperity Wave,” the Review-Journal wrote that “the finest, most thoughtfully planned area in southern Nevada is the new Boulevard Shopping Center on Maryland Parkway.”

It added: “There is no gathering place in the city with as much charm and grace.”

Partnerships, colorful past

Molasky started out in Las Vegas’ Mafia days, and two of his early business partners had unsavory résumés: Moe Dalitz, a former Midwest bootlegger-turned-businessman in Las Vegas, with reported ties to, among others, the Purple Gang, a group of notoriously violent gangsters in Detroit; and Allard Roen, who pleaded guilty in the early 1960s to charges of stock fraud conspiracy.

Their development group financed projects in part by tapping the Teamsters pension fund, a pot of labor union money that also bankrolled construction of mob-controlled casinos. Molasky told the Review-Journal a federal investigation ultimately found nothing wrong with the loans. Molasky was never accused of wrongdoing.

Around 1950, Dalitz and other figures acquired Wilbur Clark’s unfinished Desert Inn casino after funding dried up and construction stalled.

Dalitz donated large sums to charities and civic projects, sometimes anonymously, the Las Vegas Sun reported. When he died in 1989, the Sun described him as a “gaming pioneer” and “Las Vegas’ most distinguished citizen for four decades.”

Roen, who was fined $10,000 but not sentenced to prison in the stock fraud case, died in 2008.

Another Molasky partner was Merv Adelson, who opened Las Vegas’ first 24-hour supermarket in the early 1950s.

Adelson went on to produce “Dallas” and other shows through entertainment firm Lorimar and had a reported net worth of $300 million. But he eventually lost his fortune and ended up living in a 500-square-foot apartment in Santa Monica, California, with a kitchenette, a beat-up futon and a flatulent dog, Vanity Fair reported.

He died in 2015.

“His life was like a movie script you wouldn’t even believe — rags to riches to rags,” Molasky said.

Molasky also was linked to the so-called Computer Group, which was indicted in 1990 and got its name for using computers to help with sports bets.

Molasky — who was not charged in the case — had partnered with a defendant to make bets and testified before a federal grand jury, The Washington Post reported.

The Review-Journal later reported that Molasky was given immunity and testified at trial that he had gambled small fortunes.

In 1982, he lost $30,000 betting on baseball but won $350,000 on football, he testified.

Ultimately, the Las Vegas Organized Crime Strike Force unsuccessfully prosecuted the Computer Group. Molasky said the case resulted from the government mistaking sophisticated bettors for bookmakers, the Review-Journal reported.

Buildings multiply

Molasky’s real estate portfolio grew over the years. He built golf course communities, jet hangars, the Park Towers condo complex east of the Strip, and retail centers, including the 35-acre Best in the West strip mall at Rainbow and Lake Mead boulevards.

His portfolio also included Molasky Corporate Center, a 17–story office building near the Spaghetti Bowl, and several FBI office buildings around the country.

The Las Vegas City Council in 2018 also approved a $59.3 million contract with the Molasky Group to build a four-story, roughly 140,000-square-foot municipal courthouse near City Hall.

Molasky gave media interviews in the 1990s and 2000s but largely disappeared from public life in his later years. According to the San Diego Reader, Molasky reported in 2011 that he had Waldenström’s disease, a rare form of cancer, and that he was in stage 4, the last stage of the disease.

His daughter said Sunday that Molasky was on medication for the disease and that it was under control and not the cause of his death.

In 2000, Molasky told the Review-Journal that he had arrived in Las Vegas with a few thousand dollars. When the newspaper asked him how much he was now worth, he said: “Nobody’s asked me that. I would say I’m well-off.”

Molasky, then 73, added: “I don’t do this for the money. I do it because I take pride in my work and I love what I’m doing. I don’t want to retire.”

Molasky is survived by his wife, Susan Molasky; companion Cheryl Irwin; children Steven Molasky, Andrew Molasky, Alan Molasky and Beth Molasky-Cornell; stepsons; and several grandchildren and great-grandchildren.

His daughter said he will be buried Tuesday at King David Cemetery in Las Vegas.

Contact Eli Segall at esegall @reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Don't miss the big stories. Like us on Facebook.
Business Videos
Sahara Las Vegas sues blogger over closure rumor - VIDEO
Sahara Las Vegas has filed a defamation lawsuit against Scott Roeben, the man behind vitalvegas.com, for reporting a rumor that the Las Vegas Strip property would close in September.
MGM Resorts announces “Viva Las Office” program - VIDEO
MGM Resorts International announced its new “Viva Las Office” program that encourages business travelers to work remotely from the Bellagio or Aria.
Las Vegas housing market sees record prices despite pandemic
Las Vegas’ housing market is “on fire” despite the coronavirus pandemic’s devastating effect on the economy, as sales totals surged and prices hit another all-time high last month. (Michael Quine/Las Vegas Review-Journal)
Sahara Las Vegas gets COVID-19 regulatory complaint - VIDEO
Sahara Las Vegas is the first property on the Las Vegas Strip — and the first in Southern Nevada — to receive a regulatory complaint related to coronavirus safety protocols. (Las Vegas Review-Journal)
CEO unsure if Palms will reopen - VIDEO
Frank Fertitta III, chairman and CEO of Red Rock Resorts, said the company doesn't know if or when the Palms or three other Station Casinos properties will reopen. (Las Vegas Review-Journal)
Two Las Vegas visitors win mega progressive jackpots - VIDEO
Two visitors to the Las Vegas Strip won mega progressive jackpots on table games Friday - one at Caesars Palace and another at the Flamingo. (Las Vegas Review-Journal)
D Las Vegas pulls back on dress code policy - Video
The policy barred people with face and neck tattoos from entering the downtown Las Vegas hotel-casino. (Las Vegas Review-Journal)
Amazon warehouse safety measures
Safety measures have been set up at the Amazon warehouse in North Las Vegas. (Las Vegas Review-Journal)
Allegiant Stadium hits substantial completion milestone
Nine-hundred-and-ninety-three days after the groundbreaking ceremony on Nov. 13 2017 on what was then a 62-acre lot of dirt, the $2 billion Allegiant Stadium, home of the Raiders, now holds its own in the Las Vegas skyline.
Tropicana hotel-casino on the Las Vegas Strip up for sale - VIDEO
Gaming and Leisure Properties, landlord of the 35-acre Tropicana, is looking to sell the Las Vegas property and rent it back or sell it outright.
Circa Sports bets big on NFL handicapping contests - Video
A little more than six weeks before the NFL’s scheduled season opener, the Circa sportsbook is staring at a potential multimillion-dollar loss. (Michael Quine/Las Vegas Review-Journal)
Sisolak: Bars in four counties to stay closed - VIDEO
Gov. Steve Sisolak said bars in four counties, including Clark County, will remain closed to help fight COVID-19. (James Schaeffer / Las Vegas Review-Journal)
Circa CEO comments on minor construction flaw
Circa CEO Derek Stevens, who also owns D Las Vegas and Golden Gate, said he had originally planned to fix a misplaced glass panel, but it may be here to stay.
Circa Las Vegas casino gets 1st six-ton exterior sign - Video
The under-construction Circa hotel-casino in downtown Las Vegas gets its first exterior sign bearing its name Thursday morning. (Michael Quine/Las Vegas Review-Journal)
Wynn Resorts Ltd. to place workers on furlough - VIDEO
Wynn Resorts Ltd. will put workers at Wynn Las Vegas and Encore on furlough, effective this week. This comes after paying its Las Vegas employees throughout the 78-day Nevada casino shutdown. (Las Vegas Review-Journal)
Switch, Capital Dynamics break ground on developments - Video
The project, Gigawatt 1®, includes the largest behind-the-meter solar plus battery project in the world. (Las Vegas Review-Journal)
Small crew removes scaffolding, shoring from MSG Sphere project - Video
The MSG Sphere at The Venetian has a skeleton crew on the job site to keep watch on the project, but workers recently removed scaffolding and shoring from the site. (Michael Quine/Las Vegas Review-Journal)
Amid the pandemic, Southern Nevadans are falling behind on mortgages - Video
As Nevada’s foreclosure moratorium ends, homeowners must figure out how to pay off any missed mortgage payments. (Las Vegas Review-Journal)
Casino foot traffic slows as COVID-19 cases rise - VIDEO
As COVID-19 cases continue to rise, Las Vegas casino foot traffic is starting to slow, according to a J.P. Morgan analyst.
Las Vegas entrepreneur Andrew Fonfa dies at 68 - VIDEO
Andrew Fonfa, a developer of the Lucky Dragon hotel-casino just off the Las Vegas Strip, died at age 68.
Las Vegas casinos modify smoking policies - VIDEO
On June 18, Las Vegas Sands Corp. updated its health and safety plan to ask table game players and spectators to refrain from smoking or vaping.
Tourists compare pre-pandemic Vegas to today's restrictions - VIDEO
We spoke with tourists walking up and down Las Vegas Boulevard about their experience so far amid pandemic restrictions, and how it compares to their last time in pre-pandemic Vegas. (James Schaeffer / Las Vegas Review-Journal)
Boyd Gaming Corp. has laid off at least 2,500 Nevada employees - Video
On May 22, the casino operator issued letters warning of possible impending layoffs . affecting anywhere between 25 and 60 percent of employees. The company had approximately 10,000 employees in Nevada.
Cosmopolitan of Las Vegas gives notice of potential layoffs - VIDEO
The Cosmopolitan of Las Vegas sent the state notice of potential layoffs at the 3,000-room property on the Las Vegas Strip.
Is Nevada the ‘gold standard’ for casino coronavirus response? - Video
Whenever experts begin comparing gaming jurisdictions, you’re bound to hear the phrase “gold standard” dropped in the conversation. (Las Vegas Review-Journal)
Resorts World Las Vegas activates 100,000-square-foot LED screen - VIDEO
Resorts World Las Vegas activated its 100,000-square-foot LED screen on its west tower on Independence Day, showing a digital fireworks display. (Las Vegas Review-Journal)
Station Casinos president dies in watercraft accident - VIDEO
Richard Haskins, president of Red Rock Resorts Inc. and Station Casinos, died Saturday in a watercraft accident in Michigan, according to a statement released by the company. (Las Vegas Review-Journal)
Hockey arena opponents erred in ballot initiative - Video
Opponents of a minor league hockey arena in Henderson collected enough verified signatures to put the disputed project on the November ballot, but then a problem emerged: A procedural error on the petition.
Layoffs at 'The Drew' force staff to sue owner
Rj Business reporter Eli Segall talks about the lawsuit and the future of the unfinished hotel and casino.
Vegas tourists react to mask mandate - VIDEO
Governor Steve Sisolak announced on Wednesday a mandate to wear face masks starting Friday. Down on the Las Vegas Strip tourists reacted on camera to the news. (James Schaeffer / Las Vegas Review-Journal)
THE LATEST
Helping kids with online learning? Parents ready to pay

The school/home learing predicament is spurring many parents to seek out at-home arrangements, and their hunt is fueling demand for a host of teaching-related job opportunities.

Las Vegas company recalling 200K pounds of meat, poultry

A Las Vegas meat company is recalling around 200,000 pounds of meat and poultry due to misbranding and undeclared allergens, the U.S. Department of Agriculture’s Food Safety and Inspection Service announced.