Las Vegas Sun

November 10, 2009

Currently: 56° | Complete forecast | Log in

Editorial: Successful auction for government land

Friday, May 11, 2001 | 9:36 a.m.

There were plenty of winners Wednesday as prime federal land was auctioned off in North Las Vegas. The partnership of Del Webb Corp. and American Nevada Corp., which is owned by the Greenspun family, owner of the Las Vegas Sun, successfully bid $47.2 million for the right to develop nearly 2,000 acres into a master-planned community. North Las Vegas officials were pleased, too, since both Del Webb and American Nevada have developed successful, well-planned communities -- such as Anthem and Green Valley, respectively -- that they'd like repeated in their city.

The taxpayers also came out ahead because an auction made it more likely that the best price possible was paid. Indeed, the proceeds from this auction will stay in Nevada and may be used to buy environmentally sensitive land, protect conservation areas and even upgrade parks in the area.

archive

  • Most Read
  • Discussed
  • Most E-mailed

Complete Listing

Calendar »

  • 10 Tue
  • 11 Wed
  • 12 Thu
  • 13 Fri
  • 14 Sat

All events on Tuesday »