43°F
weather icon Clear
app-logo
RJ App
Vegas News, Alerts, ePaper

CEO of D Las Vegas buys old courthouse

Derek Stevens didn’t have much competition at the county’s auction of its old courthouse on Tuesday.

Stevens, CEO of the D Las Vegas, submitted the only bid for the county’s former courthouse at 200 S. Third St. in downtown Las Vegas. As a result, Stevens and his hotel and casino company picked up the courthouse property for $10 million, the minimum starting price for bids.

“The one thing you can’t find in downtown Las Vegas is a full square-block,” Stevens said. “The location was the critical element. The key thing for us was that we made the bid.”

For Stevens, the purchase is about location — not the aging seven-story courthouse, which opened in 1960 and shut down in 2005. The deal is expected to close in 60 days.

The 2.76-acre property is located near the Fremont Street Experience and across the corner from the D Las Vegas. In an interview, Stevens said the location of the old courthouse gave him more possibilities for expansion in the future near his existing property.

He said the old courthouse would be torn down, but he’s still considering options for the land.

“We have a lot to do right now,” Stevens said. “We have to demolish this building. This is going to cost a lot, but it’s not going to preclude us from moving forward.”

The county got rid of the 315,180-square-foot building because of the $140,000 yearly maintenance costs. Despite the high cost to demolish the aging structure, Stevens said he did not ask city officials for any tax breaks.

Contact reporter Ben Botkin atbbotkin@reviewjournal.com or 702-405-9781. Follow him on Twitter @BenBotkin1.

Don't miss the big stories. Like us on Facebook.
THE LATEST
Susan G. Komen organization announces 30 grants

Susan G. Komen, the world’s leading breast cancer organization, has awarded 30 new grants to researchers at 18 leading institutions in the U.S. and Canada. The $14 million in grants support the organization’s mission to end breast cancer through funding two key focus areas: research to better detect and treat stage IV (metastatic) breast cancer and research to eliminate disparities in breast cancer outcomes.

Mob Month is back at the Clark County Library

For the fifth year the Las Vegas-Clark County Library District is making an offer some people find they can’t refuse. Mob Month is coming back to the Clark County Library, 1401 E. Flamingo Road, with events Tuesday nights in January.

7 ways autocomplete can get smarter

Autocomplete is one of the best (or depending on how hastily you push ‘send’ – worst) things in the world. We rely on it so much that Google plans to let us autocomplete whole emails. Here are seven ways predictive input can improve. 1. Recognizing names from previous emails Jakub Kokoszka has a tough name to […]

Movie posters might soon be based on your clicks

You may have thought you left Blockbuster behind, but the basic way we browse movies hasn’t changed all that much. We peruse poster after poster, kind of like walking the aisles of a ‘90s-era video store. That one poster image, meant to appeal to as many people as possible, is often all we see before […]

What I’ll be covering at NAB 2018

The National Association of Broadcasters show kicks off this weekend in Las Vegas.  The show focuses on new and emerging technologies and trends in relation to the media and entertainment industries. As it’s not open to the public, I’ll be at the Las Vegas Convention Center on Saturday, Monday and Wednesday to share some of […]