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Developer Could Owe $7.35 million

Developer Could Owe $7.35 million

The golf course fell into disrepair during the various proceedings at the club over the last few years.

A Clark County District Court judge roughly split the difference when deciding how much golf course developer Bill Walters owes on a loan that was wrapped up in the failed 2006 sale of the Stallion Mountain Country Club.

Read more at the Las Vegas Review-Journal... Read More

Homeownership Seminar Planned

Homeownership Seminar Planned

 

Clark County Commissioner Lawrence Weekly is hosting a homeownership seminar for everyone in his district on Saturday, February 18.

The Helping Your Dream Become a Reality seminar will be at the West Las Vegas Library from 10 a.m. to noon. It will feature guest speakers who will give people an understanding of how to buy a home. There will also be staff from Consumer Credit Counseling Services along with realtors and bankers. Information booths will be set up for people to follow up with specific questions.

“Homeownership is still the American dream,” Commissioner Weekly said. “This event will bring potential homeowners together with the agencies and people who can help them make that dream a reality.”

The event is free. People are encouraged to arrive early so they are able to speak with everyone that they want to talk with.

Affordable and Accessible Apartments Open

Housing that is both affordable and easily accessible can be difficult to find in southern Nevada. A new apartment complex is filling that gap.

The Park Apartments near Martin Luther King Boulevard and Carey Avenue offer wheelchair-accessible apartments and facilities for a very low price. The complex is loaded with features designed to make getting around easier.

"You can't imagine what its like to be in an electric wheelchair like this and have a bunch of groceries in your lap, and then if you are in a regular place you have to fight the doorway to get into your apartment. Here it is just a touch of a door," resident Phil Ramsey said.

A nonprofit housing company, Accessible Space Inc., will manage the building.

Golden Rainbow Looks for Tenants

Golden Rainbow is looking for someone to move into its two-bedroom town home. 

The non-profit provides housing and financial assistance to people living with AIDS and HIV. The group will provide furniture for the town home and subsidized rent. Rent will only be 30 percent of a tenant's income. The space will be available September 15 on a first-come, first-serve basis. Anyone interested in applying needs to call the Golden Rainbow office 702-384-2899.

The non-profit has been providing permanent housing for men, women and children with AIDS/HIV for 25 years. They want their clients to have a safe place to live while still being able to pay medical expenses.

Trial Set in Stallion Mountain Golf Course Dispute

Investors seek more than $10 million in damages.

A lawsuit alleging that Las Vegas golf course developer Bill Walters, as well as principals in his golf management companies, defrauded investors in the sale of Stallion Mountain Country Club will go to trial in December, a federal judge ruled Tuesday.

Read more at the Las Vegas Review-Journal... Read More

New Apartments for Disabled Adults Set to Open

New Apartments for Disabled Adults Set to Open

Accessible Space, Inc. (ASI) is hosting an Open House and Dedication Ceremony for the Bob Hogan Apartments, a new, affordable, wheelchair-accessible apartment community for adults with qualifying disabilities located in Las Vegas, at noon Friday.

The event will be held at the Bob Hogan Apartments, 5075 Newport Cove in Las Vegas.  The day will begin with speakers and presentations from local officials, representatives, funders and supporters, and will close with refreshments and a tour of the building.

Sponsored, developed, owned and managed by ASI, Bob Hogan Apartments provides 21 wheelchair accessible apartments for very-low income adults with qualifying disabilities. Development and construction of the Bob Hogan Apartments was made possible with primary funding provided by the U.S.

Housing Prices Climb in Las Vegas

LAS VEGAS -- Just five years ago, Las Vegas was booming and in the midst of a housing bubble. But that bubble burst, leaving home prices plummeting. Now for the first time in years, housing prices are climbing again.

A new report shows Las Vegas is one of two cities that saw an increase in home prices in the U.S. in recent months.

"Las Vegas is a very dynamic market. When it was going up, it was news. When it's going down, it's news," said Dr. Nasser Daneshvary with UNLV's Lied Institute for Real Estate Studies.

Dr. Daneshvary just wrapped up a year long study on the local real estate market.

"I think the prices have bottomed out. It is the sign of things getting better, or at least being stable without going down," he said.

His focus was foreclosures, but says it's a positive sign that Las Vegas is one of two metro areas to post gains in monthly home sale prices.