[G-House]

Was in town over the weekend, road is still getting worked on outbound lanes have their curbs at least. At least the sand traps were weeded on the Falls no more 3 foot high weeds. Arts festival at least on Saturday had a fair amount of people and some nice things to look at. Spent some time at the sportsbook which is a nice size/cozy at the casino. Overall it is so nice out there, considering moving full time, my husband is retiring next year. Kids 7 and 13 make it difficult however, schools a consideration...

[Rebel_Fan]

Did anyone attend the Phase - II meeting at Loews this past Tuesday and could report on what was discussed?

[waltman]

Originally Posted by Rebel_Fan

Did anyone attend the Phase - II meeting at Loews this past Tuesday and could report on what was discussed?

If I remember correctly:

- Presentation done by RE lawyer retained by LLV Master Developer
- New development on north side of lake to be called Rainbow Canyon
- Total of 11.000 homes approved for LLV (an attendee disputed this number stating to the best of his knowledge only 9000 units have been approved)
- Rainbow Canyon to feature around 4300 homes, no hotel, no golf course, limited condos and minimal commercial
- Major change from original plan featuring fewer homes, lodging, golf and substantial retail
- The grading already done for golf course to be reused for home sites
- No engineering work done, no detailed planning, no approvals
- Are at the beginning of a lengthy approval cycle
- Indicated that they're looking at a 10 year timeframe
- No developers/builders on board
- No indication of pricing, etc.

Most attendees were dumbfounded and offended by the plans and quickly went off to the free happy hour sponsored by the Loews hotel.

The general feeling that this is an attempt by LLV Master Developer to sell off as much land as possible as quickly as possible to recoup their investment and get rid of their obligations to the LLV Master HOA. Good luck with that!

[Reflection Bay Fan]

Originally Posted by waltman

If I remember correctly:

- Presentation done by RE lawyer retained by LLV Master Developer
- New development on north side of lake to be called Rainbow Canyon
- Total of 11.000 homes approved for LLV (an attendee disputed this number stating to the best of his knowledge only 9000 units have been approved)
- Rainbow Canyon to feature around 4300 homes, no hotel, no golf course, limited condos and minimal commercial
- Major change from original plan featuring fewer homes, lodging, golf and substantial retail
- The grading already done for golf course to be reused for home sites
- No engineering work done, no detailed planning, no approvals
- Are at the beginning of a lengthy approval cycle
- Indicated that they're looking at a 10 year timeframe
- No developers/builders on board
- No indication of pricing, etc.

Most attendees were dumbfounded and offended by the plans and quickly went off to the free happy hour sponsored by the Loews hotel.

The general feeling that this is an attempt by LLV Master Developer to sell off as much land as possible as quickly as possible to recoup their investment and get rid of their obligations to the LLV Master HOA. Good luck with that!

Wasn't Rainbow Canyon always the name? No golf course? That's not a shock. Still no news on the Falls and RB?

[waltman]

Sorry, no new news on the Falls and Reflection Bay golf courses. There were some noises that the LLV master developer is trying to sell the Lake Club.

[Rebel_Fan]

Originally Posted by waltman

If I remember correctly:

- Presentation done by RE lawyer retained by LLV Master Developer
- New development on north side of lake to be called Rainbow Canyon
- Total of 11.000 homes approved for LLV (an attendee disputed this number stating to the best of his knowledge only 9000 units have been approved)
- Rainbow Canyon to feature around 4300 homes, no hotel, no golf course, limited condos and minimal commercial
- Major change from original plan featuring fewer homes, lodging, golf and substantial retail
- The grading already done for golf course to be reused for home sites
- No engineering work done, no detailed planning, no approvals
- Are at the beginning of a lengthy approval cycle
- Indicated that they're looking at a 10 year timeframe
- No developers/builders on board
- No indication of pricing, etc.

Most attendees were dumbfounded and offended by the plans and quickly went off to the free happy hour sponsored by the Loews hotel.

The general feeling that this is an attempt by LLV Master Developer to sell off as much land as possible as quickly as possible to recoup their investment and get rid of their obligations to the LLV Master HOA. Good luck with that!

@waltman thanks for the overview!

I was most interested in the price-point for the homes planned in this project.

[Mantova Guy]

I understand the Lake Club sale is going through and will close about 11/15. Same owner as Southshore golf....they are also supposed to close on Southern Highlands around the same time. They wanted Reflection Bay but could not get clear title.

[LLVResident]

Hi everyone. I've been traveling and away from the computer. I wanted to chime in about the Phase III Rainbow Canyon plan. RC was the name of the golf course. LLV probably doesn't need 4 golf courses, which is why there is not going to be another one. It is my understanding that there will be a city park in Rainbow Canyon. If you haven't hiked/walked around phase III yet, do it sometime... you'll want to be first in line for a lot there! The views of Lava Butte and the lake are amazing! Views like this cannot be found anywhere and what makes Lake Las Vegas, well, Lake Las Vegas.

With that in mind, we're going to have to live with the unfinished road on the upper loop of LLV for a while. I'm not sure how, who, what or why it would be set up this way, albiet nothing surprises me, that portion of the road is tied to phase III. The developer of phase III is responsible for paving that portion. When the "master plan" was created, I imagine they all thought phase III would have been done pretty quickly after I and II. Nobody else wants to step up to pay for it. Which is understandable.

All that portion of the roadway just needs is asphalt. The curbs are in. I'm not sure why the city or LLV doesn't pay to have it done and then bill the developer later? Having that road unfinished is such an eyesore to the community. Having it completed would greatly assist the overall impressions of LLV and that it is a viable community.

I think the $$ to do the entrance road, which, other than the curbs looks exactly like it did before should have been placed on the upper loop. The upper loop completion would have better met the slogan of " paving the way to a revitalized Lake Las Vegas."

I'll probably have some updated information on Galleria Parkway in a few weeks. The rumors about Falls and RB are all over the place. I called the City. According to them, there is nothing happening with either of them and it would likely have to wait until the litigation is over in April 2012. They were not overseeded again this year, so we'll have brown fairways through the spring. The city seems pretty solid on their stance. I wonder if this responsde from the city stems from confidentiality agreements and trying to squelch/stop rumors that could potentially harm any sales. (This is my 2 cents)

I did confirm with the City of Henderson that although Carmel Land and Cattle somehow talked the County to list the land as agriculture, they are still zoned as a golf course. They went on to say that there is no agricultural/farming zoning anywhere in Henderson.

So, the head scratcher. HOW does the tax rolls list it as ag/farming and Carmel Land and Cattle is only paying $500.00 per year on property taxes. Yet, the City says it is not ag/farming. This is $$$ that the City of Henderson is losing each day. This also gives no incentive or motiviation for Carmel to sell the property. I think more of us should be calling the City and County and asking about this until we get an answer. It just doesn't make sense?

On a positive side, I was able to pop into the village on Sunday. So much buzz there. Nearly all of the retail spaces/shops are filled. The new Tuscan Art Gallery has gorgeous things. There are 2 other tenants coming early 2012, which means there are only 2 retail spaces not filled. The restaurants are telling me they are in the black this year. The Grocery store could happen in early 2012 as well. The Holiday decorations are going to be amazing! Julie Barbagallo is really putting her blood, sweat and tears into Lake Las Vegas and is making all of this happen. Thank you Julie!!!!!

[CMHBuckeye]

Thanks for the update LLVRes!

I talked to some City officials a while back at a business function about Galleria. It doesn't sound like anything is imminent.

Yes, the Villlage was definitely hopping last night. Tons of kids! Hopefully, you are correct, and the occupants are starting to turn a profit..

[airics]

True, the village was hopping this weekend.. the car show was decent on Saturday, and after 3 on Sunday.. it was crowded with kids for Halloween. Otherwise, it was quiet at all other times... and i don't know how the restaurants could be in the black.. since the customers were non existent on Saturday and Sunday.