Lake Las Vegas financing approved

Edwards, John G.
August 2008
Las Vegas Business Press (10712186);8/11/2008, Vol. 25 Issue 32, p17
The article reports on the approval made by bankruptcy judge Linda Riegle to post-bankruptcy financing of $127 million for Lake Las Vegas in Nevada despite objections from assistant U.S. trustee August Landis that $49 million would pay some creditors for debts before the bankruptcy filing. According to Mark Shinderman, it was the only financing available to keep the Lake Las Vegas community operating, given the real estate bust. Part of the proceeds will be used for the repair of 7-foot-diameter drainage pipes that carry runoff underneath the lake.


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