LAS VEGAS, Nev. (FOX5) – The Las Vegas City Council on Wednesday voted unanimously to end a legal battle that has waged on for nearly a decade, and that will ultimately cost the city more than $600 million.
The dispute started over the Badlands Golf Club at Alta Drive and S. Rampart Boulevard.
In 2015, developer Yohan Lowie bought the land intending to build homes. The city granted Lowie’s EHB Cos. the land entitlements, but did not approve the zoning, essentially dealing a death blow to the project. Lowie filed four different lawsuits claiming the city’s inability to approve the zoning made the land useless.
The courts agreed with his claims, but the city put off reaching a settlement — until Wednesday.
Here’s how the deal breaks down:
The city will spend $636 million to buy the Badland Golf Club. It will then sell it to Lennar Homes for $350 million. The remaining $286 million goes to the original developer, EHB Cos., the settle its lawsuits.
Lennar Homes now plans to build between 1,550 and 1,750 homes on the land. Neighbors opposed the original development back in 2015. It’s still unclear if they’ll come out against the new project as well.
It’s also not a given that the settlement terms will be accepted. Las Vegas City Attorney Jeff Dorocak expressed confidence and said he expects to have an agreement within the week.
The city released this statement on Wednesday’s vote:
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