| Lake Las Vegas | |
|---|---|
| Location | Henderson, Nevada |
| Lake type | Artificial lake |
| Primary inflows | from Lake Mead[1] |
| Primary outflows | Las Vegas Wash |
| Catchment area | nil |
| Basin countries | United States |
| Surface area | 320 acres (130 ha) |
| Shore length1 | 10 mi (16 km) |
| Settlements | Lake Las Vegas |
| References | [1] |
| 1 Shore length is not a well-defined measure. | |
Lake Las Vegas is located in Henderson, Nevada. Lake Las Vegas refers to both a man made 320 acres (130 ha) lake and to the 3,592-acre (1,454 ha) area built around the lake.[2][3] The area is sometimes referred to as the Lake Las Vegas Resort. Lake Las Vegas is being developed by 5 companies including Lake at Las Vegas Joint Venture LLC, which filed for bankruptcy in 2008.[4]
The area includes several hotels and casinos including the Monte Lago Village Resort, the Loews Lake Las Vegas Resort, the Ravella at Lake Las Vegas, and Casino MonteLago.
The dam that creates the lake is "an earthen structure 18 stories high, 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".[1] The dam was completed in 1991.[5] The Las Vegas Wash passes under the lake and dam in pipes that require maintenance every 10 years.[6]
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Actor J. Carlton Adair conceived Lake Las Vegas around 1967 for Lake Adair. At the time he purchased the land and water rights. The property was acquired by Transcontinental Properties in 1990 from Ronald Boeddeker who had acquired 2,000 acres (810 ha) in 1987 from the US Government when Adair went bankrupt.[2][3]
The lake was built on top of the Las Vegas Wash which continues to flow under the lake in two 96-inch-diameter (2,400 mm) pipes.[7] Water diversion to fill the lake begin in 1990.[5] The lake was filled with 3 billion US gallons (11,000,000 m3) of water.[6]
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.
The golf course was purchased by Nevada South Shore LLC, a Hawaii based corporation for $4.5 million on February 17, 2011.[8]
The Ritz Carlton, Lake Las Vegas, closed after 8 years of operation on May 2, 2010.[9]
International Boutique hotlier Dolce Hotels re-opened the former Ritz Carlton on February 11, 2011 and the casino will have a new operator by April or May 2011. The property was renamed Ravella at Lake Las Vegas.[8]
| Casino MonteLago | |
|---|---|
| Address | 8 Strada di Villaggio, Henderson, NV 89011 |
| Opening date | May 8, 2003 |
| Theme | European |
| Total gaming space | 40,000 sq ft (3,700 m2) |
| Casino type | Land-Based |
| Owner | Intrepid Gaming, LLC |
| Years renovated | 2011 |
| Website | Website |
Casino MonteLago was opened on May 8, 2003, having been built by Cook Inlet Region, Inc., an Alaska Native shareholder owned corporation.[10] The casino closed on March 14, 2010 due to the severe recession at the time;[11] but on May 26, 2011, after renovation, the casino re-opened to the public.[12]