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(Though the following history of the property is quoted directly from Wikipedia, it is definitely interesting and worth reading.)
Lake Las Vegas is a 320-acre man made lake surrounded by 3,592 acres developed by 5 companies.
When first opened in 2003, the area included several hotels and casinos including the Monte Lago Village Resort, the Westin Lake Las Vegas Resort, the Hilton Lake Las Vegas, and Casino MonteLago.
Lake at Las Vegas Joint Venture, LLC filed for Chapter 11 bankruptcy on July 17, 2008. Debts were estimated at between $500 million and $1 billion.
Lake Las Vegas emerged from bankruptcy in July 2010. The creditors have filed a lawsuit against the former insiders. In a related action, resort property owners are suing lender Credit Suisse as part of a multi-billion dollar lawsuit claiming the bankruptcy was caused by a scheme between the bank and…
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