LAS VEGAS, Nev. (FOX5) – The 50-acre Cashman Center site received two bids during the city’s second attempt at an auction, but was ultimately awarded to a homebuilder.
The former home of the Lights FC was officially sold on the last day of the auction sale to Lennar, or Greystone LLC, for $36,150,000.
The sale is still subject to approval by the city council and will be reviewed during a March 19 meeting where members will decide to accept the highest bidder or reject all bids.
A city spokesperson tells FOX5 that Lennar plans to meet with each council member and discuss their proposal for the site.
If approved from there, the city and Lennar will negotiate details for the purchase and sale agreement. This will include a timeline for securing land-use entitlements and a closing date.
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