Late last November, the Las Vegas Review-Journal broke the news that the historic course was on the market. It sits on the former site of Las Vegas Downs and Las Vegas Park Speedway. The golf course iteration opened in 1967, counting mobster Moe Dalitz among its founders, along with Allard Roen, the Stardust executive who brokered the integration of the Las Vegas Strip. Frank Sinatra and Evel Knievel were members, and notorious casino skimmer "Lefty" Rosenthal lived adjacent to the fairway, on which federal agents allegedly landed a plane once (as depicted in the movie Casino).
That's a lot of historic cachet. The Country Club is expected to fetch as much as $20 million, even in a down market for golf courses, thanks to the fact that it controls its own water rights. Some – but not all – of the land could be cannibalized for residential property but deed restrictions require most of it to remain green space. At the time the sale was announced, Japanese investors were tipped as likely buyers. Fast-forward seven months and no deal has been struck … yet.
We spoke with Country Club General Manager Gordon Digby, who said, "We have several offers and it's going to be put out for [a] membership vote over the next few months, that's about it. That doesn't necessarily mean it's going to be approved or not approved. We don't know." So while there is movement on the for-sale front, it's not proceeding with any urgency. Keep watching our Today's News page to see what transpires.
