The son-in-law of billionaire casino owner Sheldon Adelson arranged the $140 million purchase of the Las Vegas Review-Journal on Adelson’s behalf, sources confirmed Wednesday.
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Nevada lawmakers convened in special session late Wednesday and took care of procedural business before recessing for the night, all in preparation to consider tax breaks for electric car start-up Faraday Future.
Major League Soccer wants to expand from 24 to 28 teams. Las Vegas, which has made a pitch before for an expansion club, is not on the current short list.
Thursday’s sale of the Las Vegas Review-Journal left staffers, and readers, with a lot of questions. Perhaps foremost among them: Who now owns Nevada’s largest newspaper.
Faraday Future’s decision to build a $1 billion auto plant in North Las Vegas will generate economic waves throughout the region and attract other companies, positioning Southern Nevada as a hub for international corporate headquarters, some economic development officials say.
Project Neon, the massive freeway interchange project at the Spaghetti Bowl, will produce its first road disruptions beginning late this weekend.
For the second time this year, the Las Vegas Review-Journal and its sister publications in Nevada are under new ownership.
By the time the first Faraday Future rolls off the assembly line at the company’s 3 million-square-foot automobile plant at North Las Vegas’ Apex Industrial Park in late 2017, a large portion of the company’s 4,500 employees will be furnishing their new homes, buying groceries and living the Southern Nevada lifestyle.
Nevada held onto its traditional top-five ranking for foreclosure activity in November, even as defaults moderated.
When state lawmakers convene later this month to consider an incentive package for Faraday Future, they won’t be asked to find $150 million for a water pipeline to the factory site.