Crazy Horse Too Auction!

Crazy Horse Too Auction!

Crazy Horse Too Auction!
If you're looking for a hot piece of Las Vegas real estate, you might want to look into this unusual auction. For some time now, the Crazy Horse Too former strip club has been quiet and shuttered after being the scene of the violent beating of a Kansas man in 2001, leaving him paralyzed and his family traumatized. Federal Marshals shut down the club in 2007 when it was worth an estimated $35m, then allowed it's liquor and adult entertainment licenses to expire, dropping its value to the $1m-$3m current value. Las Vegas zoning will not reinstate the lost licenses on a property once they have expired, therefore necessitating a different use for the new buyer. Previous owner, Rick Rizzolo, has complained that were the property sold in a timely manner for its top value, it would have provided the $10m court ordered restitution to the victim with money left over to pay his debts. Rizzolo, with his shady but sill flamboyant lifestyle is yet in a world of hurt for questionable financial deals while still under probation and over the last ten years has only paid the victim $4k of the $10m.

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Forget the lost licenses, this is a rare and unusual opportunity to gather up valuable Las Vegas real estate for pennies on the dollar. Auction date is set for July 1st. Make your wildest and most creative dreams come true! Las Vegas Strip Club once worth $35m - now about $1m.

Source: www.lvrj.com