A stalled casino project site in Las Vegas is under new ownership following a legal settlement over unpaid bills.
Developer Bill Shopoff transferred ownership of the partially built Dream Las Vegas site to the project’s lead contractor, McCarthy Building Companies, last week, property records show.
Dream’s developers had owed tens of millions of dollars for work on the hotel-casino project, located near the south edge of the Strip and the iconic “Welcome to Fabulous Las Vegas” sign.
McCarthy Senior Vice President Ross Edwards confirmed in a statement to the Las Vegas Review-Journal that the land originally planned for Dream was recently transferred to the construction firm following the prior owners’ “non-payment.”
