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Las Vegas Council unanimously approves proposed Badlands settlement and sale to developer
Summary
The Las Vegas City Council voted unanimously Dec. 18 to authorize staff to finalize a settlement of the long‑running Badlands litigation that would pay $286 million and use proceeds from a proposed $350 million sale of the Badlands property to Lennar to help offset the city’s exposure.
The Las Vegas City Council on Wednesday approved a proposed settlement of years‑long litigation tied to the Badlands golf course and development site, clearing the way for a sale of the property to a national home builder. City attorneys told the council the package calls for a $286 million payment to plaintiffs and a further $350 million to be funded by sale proceeds to Lennar, which proposed a roughly 1,750‑unit residential plan for the site.
City Attorney Jeff Dorkiewicz said the agreement, backed by nonbinding term sheets from…
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