Big LV developer in bankruptcy

Tuesday, Jan. 23, 2001 | 11:23 a.m.

Las Vegas developer E.A. Collins Development Corp., whose founder Al Collins died Jan. 11, said Monday it will file for Chapter 11 bankruptcy protection.

Several banks had filed lawsuits in recent months in Clark County District Court to recover more than $26 million in unpaid debts from the company.

The company also denied reports that Collins' final residential project, Mountain Falls, a 2,850-acre golf course community in southern Pahrump, has been sold to Summit Group Inc. But Collins said it's open to a sale to Summit, provided financing can be arranged.

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