The Wayne Newton estate is up for sale according to a report by the Las Vegas Review-Journal on Feb. 23. The Casa de Shenandoah now has for sale signs on the estate, but nobody really understands what the prospective buyers might receive for their money. Currently the estate is the home of longtime Strip headliner Wayne Newton.
The sales process which was approved by the U.S. Bankruptcy Court earlier this month by Judge Bruce Markell requires potential buyers to post a 5 percent cash deposit of their projected price by May 15 with broker Cheryl Kypreos of Nathan & Associates. On May 31, an auction is scheduled to be held.
Wayne Newton and his wife, Kathleen, have appealed the order of sale. Additionally, the three houses that are on the 37.8 acre property have leases and Newton's Arabian horses still have the right to graze on the land. Markell stated during one of the hearing that trying to sell the property with these situations would be "challenging."
The Newtons have also filed papers to move all or part of the Chapter 11 bankruptcy case of CSD which is the entity that owns the estate, back to Clark County District Court. CSC is 70 percent owned by Texas businessman Lacy Harber and they have filed their own actions to terminate the leases, drive the Newtons off the property that he first bought in the 1960s, and move the horses to some other place to graze.
CSD was created in 2010 to renovate the estate to a theme park to celebrate Newton's long career. However, the deal failed last year because of the mutual hostility between the Newtons on one side and Harber and the project manager, Steve Kennedy on the other.
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