![]() Pick from flyboarding, kayaking, and paddle boarding to pedal boats and water-propelled jetpacks. What’s a lake without water sports? At Lake Las Vegas, you’ll have plenty of water sports to choose from. Nowadays, Lake Las Vegas is known as a unique community that offers a wide range of amenities for residents and visitors. Together with new investors, work has resumed to slowly rebuild Lake Las Vegas - from the golf courses and hotels to residential areas and other infrastructure. In 2012, much of the land was bought by Raintree Investment Corporation. The Hyatt Regency also transitioned to become Westin Lake Las Vegas Resort and Spa. Around the same time, the golf course was purchased. A few months later, in February 2011, the Ritz Carlton was reopened as the Ravella at Lake Las Vegas, which would operate as the Hilton beginning 2013. From there, it suffered many blows: Hotel room rates dropped, foreclosures increased, golf courses closed, new property sales dried up, and lawsuits were filed.Ī post shared by Lake Las Vegas July 2010, Lake Las Vegas recovered from bankruptcy with all existing debt wiped off and a $30 million budget to complete unfinished infrastructure projects. A year later, the project went into bankruptcy. In 2007, developers had to foreclose the project after defaulting on loans amounting to $540 million. Things changed significantly for Lake Las Vegas when the economy crashed last decade. Private golf courses designed by pro golfer Jack Nicklaus were added to the property to host various professional golf tournaments. Three major resorts were built on the property: the Hyatt Regency, the Monte Lago Village Resort, and the Ritz Carlton. In 1992, the development for luxury residential and resort areas commenced. There would also be a wide range of fine dining and boutique shopping options. It would feature water and boating activities, spa services, trails for walking, hiking, and biking, and other amenities for outdoor experience. This design also allows Lake Mead to continuously supply water to Lake Las Vegas.īoeddeker planned to make Lake Las Vegas a popular vacation spot. The Wash consists of two 12-mile long pipes which flow water from the valley and through Henderson City. Lake Las Vegas sits on top of Las Vegas Wash. A separate massive dam was also built to keep the supply full. An estimated three billion gallons of water were diverted from Lake Mead to the reservoir to fill the lake. With the financial support and investment, the plans were slowly being executed. At this time, the project was valued at $5 billion.Ī post shared by Lake Las Vegas The Plans Were Ready to Go In 1995, the former Chairman of Caesar’s World Casino, Henry Gluck, along with billionaire investors Sid and Lee Bass joined Boeddeker to develop the new community. That same year, some of the work for Lake Las Vegas began to start. ![]() In 1990, Transcontinental Properties Corporation, a company also founded by Boeddeker, acquired the property. In 1987, businessman, engineer, and real estate mogul Ronald Boeddeker acquired the land from the government. After 20 years of planning and no construction, Adair filed for bankruptcy. Unfortunately, Adair struggled to make this vision a reality. His goal was to boost the economy of Henderson by turning the location into a booming tourist spot. ![]() He also brought the proposed project - which was then called Lake Adair - to the Henderson City Council. At this time, he purchased the land and water rights of the property. Carlton Adair conceived the idea of a man-made body of water in the middle of the desert. Let’s go for a walk through of the story of Lake Las Vegas. It offers amazing outdoor scenery and a peaceful Mediterranean wonderland ambiance that will make you feel like you’re in a different world. About 20 miles (or a 25-minute drive) from the iconic Las Vegas Strip, you’ll find this scenic, Italian-style village near the heart of Henderson, Nevada. Lake Las Vegas is a 320-acre body of water surrounded by condos, hotels, housing, shops, and a beautiful golf course.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |