Entertainer Wayne Newton’s estate goes up for sale
The for sale signs went up Friday at Casa de Shenandoah, the estate of longtime Strip headliner Wayne Newton, but it’s not clear what potential buyers will get.
The sales procedure, approved earlier this month by U.S. Bankruptcy Court Judge Bruce Markell, requires buyers to post a 5 percent cash deposit of their proposed price by May 15 with broker Cheryl Kypreos of Nathan & Associates. An auction is scheduled to be conducted on May 31.
Newton and wife Kathleen have appealed the sale order. In addition, the three houses on the 37.8-acre property have leases and Newton’s small herd of Arabian horses still has the right to graze on the land.
During one hearing, Markell noted that trying to sell the property with these conditions would be “challenging.”
The Newtons also filed papers to move part or all of the Chapter 11 bankruptcy case of CSD, the entity that owns the estate, back to Clark County District Court.
CSD, which is 70 percent owned by Texas businessman Lacy Harber, has filed its own actions to terminate the leases, force the Newtons off the land he first bought in the 1960s, and relocate the horses.
CSD was formed in 2010 to convert the estate to a theme park celebrating Newton’s long career. But the deal collapsed last year under the weight of mutual acrimony between the Newtons on one side and Harber and project manager Steve Kennedy on the other.
Contact reporter Tim O’Reiley at toreiley@reviewjournal.com or 702-387-5290.
