Las Vegas morning update for Tuesday, August 29th — VIDEO

Here are your Tuesday morning headlines:

1. Legacy Golf Club was sold for over $4 million less than reported to the county. Par Excellence Trust LLC bought the course for $1.5 million, but paid $5.6 million in order to expedite the sale by paying a higher transfer tax at the county assessor’s taxable value. The buyers will be refunded most of the transfer tax. The move is not uncommon for buyers who want to close quickly when they know they’ll get a refund.

2. A man was removed from death row Monday after he was sent there 31 years ago. John Valerio was convicted of murder in 1988 for stabbing a woman at least 45 times, but his sentencing was overturned after the 9th Circuit Court of Appeals determined prosecutors used unconstitutionally vague language to describe Valerio’s mental state during the penalty phase of his trial. A jury re-sentenced Valerio to life without parole.

3. Allegiant Air is set to build a $600 million beachfront resort in Port Charlotte, Florida. The resort with nine condominium towers and a marina spanning 22 acres is set to open in 2020. Hotel room rates aren’t determined yet, but preliminary condo rates begin at $650,000.

Contact Elaine Wilson at Follow @WilsonElaineM on Twitter.

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