A stalled casino project site on Las Vegas Boulevard is now up for sale.
McCarthy Building Companies hired brokerage firm Colliers International to sell the unfinished former Dream Las Vegas plot near the south edge of the Strip. McCarthy, the lead contractor on the project, took ownership of the 4.7-acre site earlier this year following a legal settlement over unpaid bills.
There is no formal asking price, but there have been unsolicited offers in the $50 million range, said listing broker Mike Mixer, who added that his team is using that figure as guidance.
Last year, a representative for the original developers told the county in a letter that there had been “substantial on-site work,” including grading, basement excavation, and plumbing and electrical, with more than $123 million invested.
