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FOR SALE SIGN STILL OUTMan Who Holds Official Pen Denies Landmark Tower SoldUnless I’ve really flipped my cool and began signing official papers during my sleep, the tallest building in the state of Nevada is 'till on the selling block.With this statement. Kansas City Atty. Sheidon Sandler yesterday spikes a pub bshed report that the 7-year*old Landmark Tower—still awaiting its Las Vegas debut as a plush hotel-casino — has been sold to a New York firm for $16.2 mil lion.Sandler, an officer of Plaza Tower. Inc., explained that he alone is authorized to sign any and all papers in conjune-tjon with the shuttered resort.It’s true ihat we are very near finalizing sale of the 28-story hotel-casino. the lawyer admitted. Actually, there are no less than a half dozen persons— representing firms—in the running. And the sale could come any day now. But as of this moment the resort has not been sold—no papers have been signed —we’re only continuing negotiations with probable buyers.When a 'ale is finalized the space needle-shaped structure is expected to go for between $16 and $17 million‘ Nohodv is more anxious for an actualsale than the present owner. Plaza Tower. Inc., continued the lawyer. Paradise Road is certain to become the real Strip of Las Vegas. With the new International Hotel going up across the street and with Paradise Road bringing in the airport traffic, this section of the city can’t help but to become highly successful.Sandler also explained that Plaza Tower, Inc. is eager to pay off all creditors and have the new owners open the resori for business as soon as possible.Plaza Tower. Inc. is headed by Frank Carol], who two months ago withdrew his application for a gaming license from the Nevada State Gaming Control BoardAnother newspaper reported the resort was sold to Olla Enterprises of NewYork.Another Plaza Tower official (not Sandler) admitted the New York firm is one of the half dozen interested in purchasing the hotel-casino on Convention Center Drive. ‘‘But Olla is no nearer to an actual purchase than five other firms. he said.
Newspaper Details
Las Vegas Sun
Las Vegas, Nevada, US
Thu, Jul 11, 1968
Page 1
Full Page
Clipped by
A J.
NV, USA 12 Oct 2017
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