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As reported in the Las Vegas Sun, the Southshore Golf Club in Lake Las Vegas has reached an agreement with the Montelago Village Hotels in Lake Las Vegas to allow their guest to golf at the SouthShore Club. This agreement is for the Loews Hotel and the Montelago Village Resort hotel-condo Viera and Luna.
This arrangement is likely only temporary until the public courses are re-opened. This is win/win for everyone!! Lake Las Vegas is scheduled to exit bankruptcy, which is now set for June 21, 2010. Once the bankruptcy is over, the public courses, (Falls and Reflection) currently owned by Carmel Land and Cattle, should be able to convey them to new owners. The Southshore Golf Club also a great membership program as well, open to residents outside of LLV, which likely won't last long.
Not only is the bankruptcy (liens, pump house etc) holding up the potential sale of the Falls and Reflections course, but Carmel is also wanting to change the water source for irrigating the courses. Currently, it is done via Lake Las Vegas. However, Carmel want to change that arrangement and obtain raw water from the City of Henderson. Carmel and City are still trying to work this out.
There are rumors of interested parties in the Montelago Casino and activity in/out of the building. Montelago Village is also offering free shuttle to the strip for the Loews and Resort guests.
Last edited by LLVResident; 04-03-2010 at 03:31 PM..
Reason: clarified a point
I don't care for the golf course but I wish they can open the man made lake for us who like to kayak. One advantage of LLV over Lake Mead, it has the village with bars, restaurants and shops so after kayaking if I feel like having a snack I can go to the village. Lake Mead has the lousy marinas serving greasy gross food and it not so appetizing as far as Im concerned.
As reported in the Las Vegas Sun, the Southshore Golf Club in Lake Las Vegas has reached an agreement with the Montelago Village Hotels in Lake Las Vegas to allow their guest to golf at the SouthShore Club. This agreement is for the Loews Hotel and the Montelago Village Resort hotel-condo Viera and Luna.
This arrangement is likely only temporary until the public courses are re-opened. This is win/win for everyone!! Lake Las Vegas is scheduled to exit bankruptcy, which is now set for June 21, 2010. Once the bankruptcy is over, the public courses, (Falls and Reflection) currently owned by Carmel Land and Cattle, should be able to convey them to new owners. The Southshore Golf Club also a great membership program as well, open to residents outside of LLV, which likely won't last long.
Not only is the bankruptcy (liens, pump house etc) holding up the potential sale of the Falls and Reflections course, but Carmel is also wanting to change the water source for irrigating the courses. Currently, it is done via Lake Las Vegas. However, Carmel want to change that arrangement and obtain raw water from the City of Henderson. Carmel and City are still trying to work this out.
There are rumors of interested parties in the Montelago Casino and activity in/out of the building. Montelago Village is also offering free shuttle to the strip for the Loews and Resort guests.
Have you heard who the new owners would be for the golf courses? Is it the city of Henderson. For the most part right now golf courses are struggling all over.
Jhiker10, I couldn't agree with you more. I also wonder why there is no sailing club with small sail boats. There always seems to be enough wind on the lake. I will make this recommendation to the LLV Master Association at the next meeting. There should also be tennis courts too. I read the entire Chapter 11 exit from bankruptcy plan. Phase 3 of the LLV was to include the 4th golf course, as well as another hotel and casino. In fact, they were planning to put the hotel/casino on Lake Las Vegas Island. This island, is nearly completed. If you ever take a hike on the north shore, you can see where it was being carved/dug out.
However, obviously, much of that has been scrapped. The bankruptcy plan proposes that the 4th golf course become a recreational park. The specifics were not discussed. But, I imagine a hiking, biking park... hopefully with tennis courts and lake access for kayaking etc.
007, it's still anyone's guess on who is going to own the courses and take over the Casino and The Ritz. All golf courses are struggling as in this economy, it's a luxury, especially at $200 + per round. Over the weekend I heard that Harrahs and Wynn are both wanting the Hotel and courses, including South Shore Golf as part of the deal. Employees of the village have told me there has been groups of people in/out of the casino since it closed. (likely the investors) I haven't heard that the City of Henderson was interested in the courses. My choice would be Wynn. The Ritz is a 5 diamond property that would be virtually turn-key for Wynn. The casino really is beautiful inside, it just needs better marketing and a cohesive player point system with other casinos (like Harrahs or Wynn) to draw people there and use their points in LLV. Wynn is brilliant and would create the perfect seamless strip and relaxing experience @LLV with both resorts with more affordable prices than the Ritz. I'm sure there would resort transporation between them.
I'll be sure to keep the post updated. As all of this is very complicated, I doubt we'll hear anything until at least June, when the bankruptcy is over. I just don't see how the Falls and Reflections are conveyable to a new party until then.
Jhiker10, I couldn't agree with you more. I also wonder why there is no sailing club with small sail boats. There always seems to be enough wind on the lake. I will make this recommendation to the LLV Master Association at the next meeting. There should also be tennis courts too. I read the entire Chapter 11 exit from bankruptcy plan. Phase 3 of the LLV was to include the 4th golf course, as well as another hotel and casino. In fact, they were planning to put the hotel/casino on Lake Las Vegas Island. This island, is nearly completed. If you ever take a hike on the north shore, you can see where it was being carved/dug out.
However, obviously, much of that has been scrapped. The bankruptcy plan proposes that the 4th golf course become a recreational park. The specifics were not discussed. But, I imagine a hiking, biking park... hopefully with tennis courts and lake access for kayaking etc.
007, it's still anyone's guess on who is going to own the courses and take over the Casino and The Ritz. All golf courses are struggling as in this economy, it's a luxury, especially at $200 + per round. Over the weekend I heard that Harrahs and Wynn are both wanting the Hotel and courses, including South Shore Golf as part of the deal. Employees of the village have told me there has been groups of people in/out of the casino since it closed. (likely the investors) I haven't heard that the City of Henderson was interested in the courses. My choice would be Wynn. The Ritz is a 5 diamond property that would be virtually turn-key for Wynn. The casino really is beautiful inside, it just needs better marketing and a cohesive player point system with other casinos (like Harrahs or Wynn) to draw people there and use their points in LLV. Wynn is brilliant and would create the perfect seamless strip and relaxing experience @LLV with both resorts with more affordable prices than the Ritz. I'm sure there would resort transporation between them.
I'll be sure to keep the post updated. As all of this is very complicated, I doubt we'll hear anything until at least June, when the bankruptcy is over. I just don't see how the Falls and Reflections are conveyable to a new party until then.
Good post LLV, right now I would bet Wynn as the front runner for the properties. However, if he does take over the golf courses, he won't be able to command the outrageous fees like he's charging now at the Wynn. Both Reflection Bay and The Falls were getting under $100 rates when they closed which is where they need to stay if and when they reopen.
As you correctly stated, every course is hurting right now. I took advantage of the Easter special over at TPC Las Vegas this weekend which is a nice course, but definately does not warrant the rack rate of $299 during this time.
It will be a hard sell for anyone to go to LLV unless things change such as allowing sailing or kayaking along with getting a grocery chain to risk putting a location close to the area. Just not enough amenities right now to justify the drive. Gorgeous area though.
The maintenance for the man made lake is high so the management company need to think of ways on how to keep the few remaining businesses open so they may be able to pay rent to help with the upkeep of the lake otherwise it will fall on the shoulders of the homeowners via higher HOA dues. Lake Mead charges a minimal fee for the use of Lake Mead, LLV can do the same since it has better amenities compared to Lake Mead. Even better just open the man made lake to the public. withour a user fee. It will bring much needed traffic to the area. The Village itself and even the golf course cannot draw visitors to Lake Las Vegas, as I have mentioned in another thread, Town Square, The District and soon Tivoli Village offer the same experience at a very convenient location than LLV and golf courses are all over the valley.
I took a hike yesterday on the north shore of Lake Las Vegas. If you click on my name profile name you will see the photo I took. This photo captures the essence of Lake Las Vegas and why it is special. I'd certainly love to own a home in phase 3 with this view!
Had the economy not tanked, there would probably be 12k homes in LLV, which would have supported the grocery store and the village. This property is owned by 4 Corners and is located on the east side of LLV Parkway near the intersection where the village is located. As far as the maintenance of the lake, the good news is that the owner/developer has to pay the LLV Master Assoc dues on the undeveloped lots that normally would be paid by the homeowners.
The condos in the village, Luna and Viera pay a 3rd HOA to the Village Association, which pays for the marketing and the events, concerts that is sponsored by the village. This brings the people in who then rent our hotel-condos when the owner isn't using them. The Easter egg hunt yesterday drew several thousands of children and adults throughout the day. The Wine Walks/Beerfest draw crowds as well. Lots of buzz in the villlage. I agree Jhiker that the village does need extra draw as you mentioned. The good thing about having athletic people in the village.. such as bikers, hikers and kayakers they usually bring positive energy where ever they are. (must be the endorphines). I hope that recreation park has tennis and pickle ball too.
I feel confident that the exiting of the bankruptcy and the new owners of the Ritz/Casino will be the turning point for LLV. I noticed that Belle Fiore has opened up lots and now selling homes again in LLV. Beautiful 2,700 sq feet homes, fully upgraded for $350k.
Jhiker10, I'll email your suggestion to the LLV master for you.
Jhiker10, I couldn't agree with you more. I also wonder why there is no sailing club with small sail boats. There always seems to be enough wind on the lake. I will make this recommendation to the LLV Master Association at the next meeting. There should also be tennis courts too. I read the entire Chapter 11 exit from bankruptcy plan. Phase 3 of the LLV was to include the 4th golf course, as well as another hotel and casino. In fact, they were planning to put the hotel/casino on Lake Las Vegas Island. This island, is nearly completed. If you ever take a hike on the north shore, you can see where it was being carved/dug out.
However, obviously, much of that has been scrapped. The bankruptcy plan proposes that the 4th golf course become a recreational park. The specifics were not discussed. But, I imagine a hiking, biking park... hopefully with tennis courts and lake access for kayaking etc.
007, it's still anyone's guess on who is going to own the courses and take over the Casino and The Ritz. All golf courses are struggling as in this economy, it's a luxury, especially at $200 + per round. Over the weekend I heard that Harrahs and Wynn are both wanting the Hotel and courses, including South Shore Golf as part of the deal. Employees of the village have told me there has been groups of people in/out of the casino since it closed. (likely the investors) I haven't heard that the City of Henderson was interested in the courses. My choice would be Wynn. The Ritz is a 5 diamond property that would be virtually turn-key for Wynn. The casino really is beautiful inside, it just needs better marketing and a cohesive player point system with other casinos (like Harrahs or Wynn) to draw people there and use their points in LLV. Wynn is brilliant and would create the perfect seamless strip and relaxing experience @LLV with both resorts with more affordable prices than the Ritz. I'm sure there would resort transporation between them.
I'll be sure to keep the post updated. As all of this is very complicated, I doubt we'll hear anything until at least June, when the bankruptcy is over. I just don't see how the Falls and Reflections are conveyable to a new party until then.
Thank you for the great info, I would imagine if Wynn takes it over he could make it a private golf course like Shadow Creek which is MGM's private golf course that charges $500.00 a round.
I had heard though that Wynn wanted to move the golf course from where it's at to build more, but with the glut of rooms I don't know if he would do that.
Wynn has been looking for a place to put a golf course he had approached the pig farm in North Las Vegas but was turned down a few years back.
Exclusivity did not work for the area so just hope whomever will take over the properties will market it as middle of the road hotels and not 5 star resorts. @LLVresident, the village is nice but deserted most of the time, special events like Easter Egg Hunt may bring in visitors but most of the time at least the times my friend and I have been there it was dead quiet. It is very unfortunate for the few businesses left in the area.
I also noticed rentals for paddleboard and kayaks are outrageously expensive, 25-30 dollars an hour. It would be really nice to open the lake to the public for non motorized watercrafts or maybe even small jet skis. Let see what will happen next to the area.
As far as golf courses, there are close to 60 golf courses in the valley, for a small town that is quite a bit of golf courses that the ones in LLV will have to compete with. Management people really need to market the place so goodluck.
I took a hike yesterday on the north shore of Lake Las Vegas. If you click on my name profile name you will see the photo I took. This photo captures the essence of Lake Las Vegas and why it is special. I'd certainly love to own a home in phase 3 with this view!
Had the economy not tanked, there would probably be 12k homes in LLV, which would have supported the grocery store and the village. This property is owned by 4 Corners and is located on the east side of LLV Parkway near the intersection where the village is located. As far as the maintenance of the lake, the good news is that the owner/developer has to pay the LLV Master Assoc dues on the undeveloped lots that normally would be paid by the homeowners.
The condos in the village, Luna and Viera pay a 3rd HOA to the Village Association, which pays for the marketing and the events, concerts that is sponsored by the village. This brings the people in who then rent our hotel-condos when the owner isn't using them. The Easter egg hunt yesterday drew several thousands of children and adults throughout the day. The Wine Walks/Beerfest draw crowds as well. Lots of buzz in the villlage. I agree Jhiker that the village does need extra draw as you mentioned. The good thing about having athletic people in the village.. such as bikers, hikers and kayakers they usually bring positive energy where ever they are. (must be the endorphines). I hope that recreation park has tennis and pickle ball too.
I feel confident that the exiting of the bankruptcy and the new owners of the Ritz/Casino will be the turning point for LLV. I noticed that Belle Fiore has opened up lots and now selling homes again in LLV. Beautiful 2,700 sq feet homes, fully upgraded for $350k.
Jhiker10, I'll email your suggestion to the LLV master for you.
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