In early 2020, before COVID-19 reared its ugly head, a Chilean real estate millionaire began a quest to buy property and develop a resort in Las Vegas.
Claudio Fischer, a former commercial airline pilot who once owned one of the largest salmon farms in the world, connected with the Las Vegas Convention and Visitors Authority to negotiate a deal to buy 10 acres on the southeast corner of Las Vegas and Elvis Presley boulevards.
LVCVA President and CEO Steve Hill and Chief Financial Officer Ed Finger flew to Santiago, Chile, to meet with Fischer and negotiate a $120 million deal to sell the land where the Riviera once stood.
