The Wayne Newton estate in Las Vegas is up for sale, the Las Vegas Review Journal reported Saturday but the singer’s horses could be the biggest stumbling block to a fast sale.
The news of the Wayne Newton estate up for sale is buzzing the Internet and blogosphere, with many asking about the herd of horses Newton has on his property.
The singer’s Casa de Shenandoah estate was formally was put on sale Friday. The estate sale is part of a Chapter 11 bankruptcy deal. The sale was approved earlier this month by U.S. Bankruptcy Court Judge Bruce Markell. The procedure ordered by the judge requires buyers to post a five percent of their offer up front. The Newton estate will be auctioned on May 31.
The estate is made up of three houses on 37.8-acres. Newton also has a herd of 51 Arabian horses that graze on the land.
Newton and his wife Kathleen are fighting to keep their estate. They have appealed the sale order.
Judge Markell said that trying to sell the estate because of the horses and other conditions would make it “challenging” to sell the property. In July, a judge denied a request to evict the horses prior to the sale.
Newton does not own the estate solely. It is owned by CSD LLC, of which 70 percent is owned by Texas businessman Lacy Harber who wants Newton off the property and wants the horses relocated.
CSD was hatched three years ago as part of a plan to turn the estate into a theme park celebrating Newton’s career, similar to Dollywood in Tennessee that celebrats Dolly Parton. But the theme park idea fell apart last year after disputes arose between Newton on one side and Harber and project manager Steve Kennedy on the other.
Kennedy tried to get the horses removed from the property over the summer, the LJV reported. CSD stated that the horses were living in squalor but a judge denied the request saying that the horses needed to stay there in keeping with the terms of the lease.
The issue of relocating the horses could ultimately prove to be the single biggest stumbling block over getting a good price at the sale of the Wayne Newton estate.
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