Las Vegas Sun Newsdevelopment:
Henderson tries to block land deal in stadium project, citing fraud concerns
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29 November 2012
6:01 p.m.
Updated
29 Nov. 2012 8:30 p.m.
Henderson city officials are trying to block developer Chris Milam from acquiring the land needed for his proposed sports-arena complex, claiming the sale might be “tainted” with fraud. Milam is backing off his plans for the Las Vegas National Sports Complex and is marketing the property near M Resort to other developers, according to the city. Milam has allegedly said in marketing materials that even if sports facilities aren’t built, mixed-use and residential projects can still be developed. Henderson City Attorney Josh Reid, in a letter dated Nov. 29, asked U.S. Bureau of Land Management officials to quash the agency’s ...
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It is my opinion that Milan is a great salesman who appears to try to convince major owners, landowners and public entities to build extraordinary, multibillion dollar projects. After producing amazing images, clients enter into contracts with Milam and sometimes various "team members" or "development partners". He then goes away and works on the project where it grows more grandiose. He will tell you to achieve this dream "we" will need "new financial partners" and he will suggest New York, or China, or Dubia, wherever the markets are hot right now. After 2-3 years of this you will figure out that you have been taken for all the pre-development costs to keep Milam and his associates living very well. You have a pretty picture, no project, bruised egos, and the Music Man has left town.
Mr. Chris Milam has proven, now in court to not be the most upstanding business person in town/state/country yet many elected officials keep falling for his false promises. I can partly understand they would like what he is selling for the citizens of their area but he never produces what he sells.
Time to stop this project, don't let him get his bargain basement deal on the property and send him down the road. Since he paid for the property though it might be hard to unwind that deal. Just don't give him the zoning he wants to do other things with it and he will pretty much be stuck with all that land.
A developer lying in order to get a deal that rips off the tax payers and local government body falling for it. SHOCKING. It would be news if the project was actually on the up and up.