Old Crazy Horse Too in Vegas may have a buyer...
imnumnutz
the following is from Friday's Las Vegas Review Journal...
The federal government has wanted to unload the Crazy Horse Too strip club ever since the U.S. Marshals Service assumed ownership of it in 2007 as part of a plea agreement with its former owner, felon Rick Rizzolo.
After two years and at least one failed attempt, the marshals finally have an agreement in place with a new potential buyer, Mayor Oscar Goodman and several attorneys close to the case confirmed this week.
Pete Rinato, a local attorney for the prospective buyer, said the buyer signed a contract with the Marshals Service about three weeks ago. He declined to name his client, who he said is a “non-local,†but added that his name would be released soon.
In a larger sense, an alliance of sorts has been formed, said several attorneys knowledgeable about the deal, a kind of “strange bedfellows†pact in which many of the normally adversarial parties are now allied because they're eager for the sale to go through.
Those parties include the prospective buyer, the federal government, Rizzolo and the man who successfully sued the now-shuttered club after his neck was broken there. This alliance doesn't yet include the city, though it might before all is said and done.
The agreement hinges on the owner of a Russell Road strip club, calling itself the Crazy Horse 3, giving up that name so future owners of the Crazy Horse Too, on Industrial Road, can retain sole rights to the name.
The pact is also relying on the city to grant a liquor license and exotic dance permit to the club's buyer, so the value of the club can be boosted. Without a liquor license, the club is valued at about $5 million — far less than it would be with the proper licenses. As of 15 months ago, with the licenses, the club was valued at $32 million.
Rinato said a lawsuit will soon be filed, possibly as soon as this morning, against the owners of the Crazy Horse 3, demanding that they give up that name.
The federal government has wanted to unload the Crazy Horse Too strip club ever since the U.S. Marshals Service assumed ownership of it in 2007 as part of a plea agreement with its former owner, felon Rick Rizzolo.
After two years and at least one failed attempt, the marshals finally have an agreement in place with a new potential buyer, Mayor Oscar Goodman and several attorneys close to the case confirmed this week.
Pete Rinato, a local attorney for the prospective buyer, said the buyer signed a contract with the Marshals Service about three weeks ago. He declined to name his client, who he said is a “non-local,†but added that his name would be released soon.
In a larger sense, an alliance of sorts has been formed, said several attorneys knowledgeable about the deal, a kind of “strange bedfellows†pact in which many of the normally adversarial parties are now allied because they're eager for the sale to go through.
Those parties include the prospective buyer, the federal government, Rizzolo and the man who successfully sued the now-shuttered club after his neck was broken there. This alliance doesn't yet include the city, though it might before all is said and done.
The agreement hinges on the owner of a Russell Road strip club, calling itself the Crazy Horse 3, giving up that name so future owners of the Crazy Horse Too, on Industrial Road, can retain sole rights to the name.
The pact is also relying on the city to grant a liquor license and exotic dance permit to the club's buyer, so the value of the club can be boosted. Without a liquor license, the club is valued at about $5 million — far less than it would be with the proper licenses. As of 15 months ago, with the licenses, the club was valued at $32 million.
Rinato said a lawsuit will soon be filed, possibly as soon as this morning, against the owners of the Crazy Horse 3, demanding that they give up that name.
4 comments
The customers and talent are already extremely diluted at the Vegas clubs in existence.
How is Crazy Horse 2 reopening going to improve things? Add to the taxi wars? $40 admission fees?