geo.wikisort.org - Reservoir

Lake Las Vegas in Henderson, Nevada, refers to a 320-acre (130 ha) reservoir and the 3,592-acre (1,454 ha) developed area around the reservoir.[2][3] The area is sometimes referred to as the Lake Las Vegas Resort. It is being developed by 5 companies including Lake at Las Vegas Joint Venture LLC.[4]

Lake Las Vegas
Lake Las Vegas Location in Nevada
Location	Henderson, Nevada
Coordinates	36°06′07.2″N 114°55′46.2″W
Type	Reservoir
Primary inflows	Las Vegas Wash
Primary outflows	Las Vegas Wash
Catchment area	nil
Basin countries	United States
Surface area	320 acres (130 ha)
Shore length1	10 mi (16 km)
Surface elevation	1,400 ft (427 m)
Islands	0
Settlements	Lake Las Vegas
Website	https://lakelasvegas.com/
References	[1]
1 Shore length is not a well-defined measure.

The area includes three resorts including the Aston MonteLago Village Resort, the Westin Lake Las Vegas Resort, and the Hilton Lake Las Vegas.

Overview

The earthen impoundment that forms the reservoir is 192 ft (59 m) tall, 4,800 ft (1,500 m) in length, and 716 ft (218 m) wide at its base. It contains roughly the same amount of dirt as Hoover Dam does concrete, and impounds 10,000 acre-feet (12,000,000 m³) of water.[1][5] Since the reservoir was built in the channel of the Las Vegas Wash — the valley's only storm runoff outlet — A bypass was built for the wash beneath the reservoir and dam allowing it to remain connected to Lake Mead via two 96-inch (2.4 m) diameter pipes.[6][7] The bypass is a flood control measure, allowing flood waters to be diverted under the reservoir into Lake Mead with the rest absorbed by Lake Las Vegas itself.[8] After falling into substantial disrepair, the pipes — which are owned by the city of Henderson, but maintained by the resort — were repaired in 2009 at a cost of $3 million.[8]

History

Actor J. Carlton Adair conceived Lake Las Vegas around 1967 as Lake Adair. At the time he purchased the land and water rights. In 1987, Ronald Boeddeker acquired 2,000 acres (810 ha) from the US Government when Adair went bankrupt.[2][3] The property was acquired by Transcontinental Properties in 1990. That same year, the developers began the diversion of 3 billion US gal (11 million m³) of water from the Las Vegas Wash to fill the reservoir.[9][6][10] In 1995, Henry Gluck, the former chairman and chief executive officer of Caesars World, became the co-Chairman of Transcontinental Properties.[11] With Sid Bass and Lee Bass, two billionaires from Fort Worth, Texas, he developed the new community.[11] The project cost US $5 billion.[11]

Lake at Las Vegas Joint Venture, LLC filed for Chapter 11 bankruptcy on July 17, 2008. Debts were estimated at between $500 million and $1 billion.[4] Lake Las Vegas emerged from bankruptcy in July 2010 with a plan that took nearly two years to complete. All existing debt was wiped away and the development has $30 million in hand to complete several of the unfinished infrastructure projects. The Lake Las Vegas bankruptcy creditors, not Lake Las Vegas development themselves, have filed a lawsuit against the former insiders (Bass Brothers, TransContinental, etc.). The creditors' theory is that the $500 million equity loan the former insiders took against the property caused the demise of Lake Las Vegas. The creditors are hoping to recoup money from the former insiders. In a related action, resort property owners are suing lender Credit Suisse as part of a multibillion-dollar lawsuit led by bankrupt Yellowstone Club founder Timothy Blixseth and his son Beau Blixseth who claim the Lake Las Vegas Joint Venture bankruptcy was caused by a "loan to own" scheme between the bank and resort developers.[12] The golf course was purchased by Nevada South Shore LLC, a Hawaii-based corporation for $4.5 million on February 17, 2011.[13] The Ritz Carlton, Lake Las Vegas, closed after 8 years of operation on May 2, 2010.[14] The Ritz Carlton was then reopened by international boutique hotelier Dolce Hotels on February 11, 2011, as the Ravella at Lake Las Vegas.[13] On April 30, 2013, Kam Sang Co. announced that the Ravella would be renamed the Hilton Lake Las Vegas, the name under which the hotel continues to operate.[15] The Hilton opened June 6, 2013.[16]

Lake Las Vegas was the subject of a lawsuit between investment fund Claymore Holdings and Credit Suisse, which was the agent for a syndicate of entities that loaned $540 million to develop the property. Claymore and others accused Credit Suisse of fraudulently inflating the value of the development in order to generate higher fees for itself.[17] The core of the allegations centered on a new appraisal methodology conceived of by Credit Suisse executive David Miller, who in internal emails is referred to as Credit Suisse's Dr. Frankenstein.[18] In 2015, a Texas judge ordered Credit Suisse to pay $288 million to Highland, Claymore and others. The verdict was partially offset by other payments to Highland, meaning that Claymore received most of the Credit Suisse judgment.[19] That Judgment was reversed by the Texas Supreme Court in April 2020, and Claymore's Judgment was reduced to $26 million (plus interest).[20]

Casino MonteLago/Lake Las Vegas Event Center

Casino MonteLago/Lake Las Vegas Event Center
Location	Henderson, Nevada
Address	8 Strada di Villaggio
Opening date	May 8, 2003
Closing date	October 29, 2013
Theme	European
Total gaming space	40,000 sq ft (3,700 m2)
Casino type	Land-based
Owner	Kam Sang Co.
Operating license holder	Intrepid Gaming
Renovated in	2011

Casino MonteLago was opened on May 8, 2003, having been built by Cook Inlet Region, Inc., an Alaska Native shareholder owned corporation.[21] The casino closed for the first time on March 14, 2010, due to the Great Recession;[22] but on May 26, 2011, after renovation, the casino re-opened to the public.[23] In November 2012, the casino was acquired along with the Ravella at Lake Las Vegas for a total of $47 million by Kam Sang Co., a California-based real estate developer.[24] The casino closed for the second time on October 29, 2013, as a result of a lease dispute between Kam Sang and the casino's operators.[25] In the beginning of 2016, the facility reopened as the Lake Las Vegas Event Center, hosting special events, exhibits and entertainment. It is attached to the Hilton Lake Las Vegas and accessible from MonteLago Village.[26]

Notes

References

• "Lake Las Vegas emerging from bankruptcy protection". Associated Press. July 19, 2010.
• Green, Steve (July 16, 2010). "Lake Las Vegas emerges from bankruptcy". Las Vegas Sun.
• Green, Steve (September 21, 2010). "Company plans to rebrand closed Ritz-Carlton at Lake Las Vegas". Las Vegas Sun.

External links

• Lake Las Vegas Sports Club
• Essence & Herbs
• Lake Las Vegas
• Lake Las Vegas Blog
• Luna Rossa Ristorante
• Marssa
• Roth, David. "The Fiscal Times." The Fiscal Times. July 21, 2011.
• Sonrisa Grill
• Sunset & Vines

На других языках

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[de] Lake Las Vegas

Lake Las Vegas bezeichnet sowohl einen künstlichen See in Henderson, Nevada als auch die um ihn herum angelegten Resorts/Ferienorte, zu denen das Aston MonteLago Village Resort, das Westin Lake Las Vegas Resort und das Hilton Lake Las Vegas zählen. Die Geschichte von Lake Las Vegas ist durch Pleiten, Rechtskonflikte, Hinweise auf Korruption und Rückschläge gezeichnet. Entsprechend bezeichnete die Fiscal Times den Ort 2011 als den „worst place to retire“[2] in den USA. Dennoch haben die luxuriösen Resort-Grundstücke verschiedene betuchte Personen mit Verbindung zu Las Vegas angezogen, darunter Celine Dion[3]. Der den See bedingende Staudamm wurde 1991 fertiggestellt.

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- [en] Lake Las Vegas

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