Las Vegas Sun NewsHenderson stadium developer rejects fraud claims, seeks new development agreement with city
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3 December 2012
3:25 p.m.
Updated
3 Dec. 2012 6:20 p.m.
Developer Chris Milam is rejecting claims he might be defrauding public officials in his pursuit of federal land for a massive sports arena complex in Henderson. As it stands, the project cannot be built or financed — unless his development agreement is revised, he says. The CEO of International Development Management told Henderson city officials in a letter dated Nov. 30 that his Las Vegas National Sports Complex, “as presently contemplated,” is “not viable” and cannot get the needed funding. However, he wrote, “this can be resolved with a revised plan and new agreement.” Milam did not offer any possible ...
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This deal was bad news from the start. Not surprising this guy is pulling shenanigans. Take the land back and tell him to take a hike.
This guy is all over the place. On the one hand, he says the project is "not viable", then he says he is committed to building it. Just another in the long line of would-be kings who promise to bring pro sports to Las Vegas, only to fade into history without as much as a shovel being turned.
If he has in fact been talking to pro sports leagues for four years, you can bet that they have already labeled him as another dreamer who won't get anything done. A sports stadium is generally ready for occupation within two years or less.
$10.5M for 480 acres of Land on Las Vegas Blvd. reeks of fraud to me considering the per acre price is closer to at least $1M per acre.
Get Milam out of Nevada He's a scam artist
Sounds like this guy had other plans for the land from the beginning. Why would you build a NBA arena when there are no NBA teams willing to relocate here? Las Vegas can't even support minor league teams. Add insult to injury, why is Henderson dealing with a person with a history of promising big developments and they never happen?
I sincerely hope that a number of Henderson city officials are voted out due to this. We told you bozos many times that this was a bad idea but you kept pushing forward with it despite the clear evidence this guy was a fraud from the very beginning.