Vegas entertainer Wayne Newton’s Casa de Shenandoah was put up for sale on Friday according to the Las Vegas Review-Journal on Feb. 23. The trouble is, the terms of the sale are not quite clear and it’s not certain just what the buyers will be getting.
U.S. Bankruptcy Court Judge Bruce Markell approved the plans for the sale of the estate earlier this month. Buyers are required to post a 5% cash deposit based on their proposed purchase price with broker Cheryl Kypreos no later than May 15. The auction is set to be conducted on May 31.
The sale of the home is being protested by Newton and his wife Kathleen. There are three other residences on the property, all of which have leases. Newton’s Arabian horses have continuing rights to graze on the 37.8 acre property. Markell did observe during one hearing that it would be difficult to sell the property with these conditions in place.
In addition to challenging the sale, the Newtons have filed a request to have part or all of the bankruptcy case of CSD, the entity which owns the Newton’s estate, to Clark County District Court. CSD has filed its own requests to terminate the leases, move the horses and remove the Newtons from the land which they have owned since the 1960s.
Be sure to check out Theresa's other columns:
If you liked this article click the Subscribe button to receive email updates when a new article is published. Follow Theresa on Google+, StumbleUpon and Twitter or connect on Pinterest. Visit Amazon to find fiction by Theresa.
©TheresaLeschmann. All Rights Reserved. No part of this article may be reproduced without prior permissions from the author. Partial reposting is permitted with a link back to the original article.
Got something to say? Say it on Examiner by following this link to sign up.