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Lethbridge Herald Newspaper Archives

- Page 38

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Lethbridge Herald, The (Newspaper) - October 11, 1972, Lethbridge, Alberta 38 _ THE IETHBRIDGE HSRAID Wednesday, October 11, 197' The In development sales pjteh Las Vegas also lias Pahrump ,y By 1H1XAU1 JANSOX Now York Times Service undeveloped and remote from civilization that the speed I'AHHVMI1. Nov. Las! limit through town is 55 miles Vegas not only has casinos it an hour. also has 1'ahriimp. i For the General Acceptance flat forsaken stretch Corporation, developments of desert near Death Valley is being unloaded on Vegas visit- bcins' promoted l.y Vegas I ors are Rio Hico oa the Art- lamf hucksters as the "bread I v.ona-Mexico border and Pomci- baskct" oi the Southwest, a ana in the Florida interior though most developers use, facts and otherwise skirt Hit ethical business practices, oth-1 law. ers sometimes exploit gullible1 At a crowded sales ptcseida- buvcrs 1 lct' K'M "Ks'allJS" State and federal authorities this' banns Hotel rccanuy. Die cation-home piivacMsc of the 1970's. To take advantage heavy Vegas tourist of lira traffic, large and small companies ped- dling luis in second-home de- velopments have set up shop in the casinos and hotels of the city's glittering strip to snap trying to control misrepresenta- tions by land developers call Vegas and its boiler rooms Ibe biygcst off-site land opera- tion in the country, and regard For most of the companies selling distant land in Vegas, it is high-pressure work in the "boiler room" space in the strip and downtown hostclrics where master salesmen play on a growing thirst to own land to convince the unsophisticated that the best investment is now i-ii> a t. the gullible by offering free being "developed by their dinner or show 'tickets in return company. for attending a SO-minutc sales Each week, thousands of per-1 i sons buy sight unseen. For Preferred Equities Cor- j The nationwide land boom has poration the offering is the made land development a SG- 10 500 acre Calvada Valley 1 billion industry this year, and development in Pahrump, only is one of the fastest growing 60 miles west of Las Vegas hut industries in the nation. Al- lion in Inc. country, ami regaru j, it as the kev to their efforts to feel money however yon sense what is going to happen crack down on questionable sales practices. "If we can control operations in said Richard H. Hcidermann, of the enforcement arm of Ibe Office of Housing and Urban Develon- ment in Washington, "We'll have a good handle on question- able sales practices throughout the country." The Department ot Housing and Urban Development is con- cluding hearings throughout the country to learn more about sales tactics that misrepresent speaker used Miami licach as au example of tiic grovvcn poten- tial in land values, touting ilio Kico as the place whore "you can see money, smell money, YA lo land values ineru; i sense it in my gui." One prospective investor, feel- ing lie. wus noi as intuitive iiuout it as the salesman, reach ed for a property repori, which a ueveloper is required lo pro- vide by taw. cun t do exlaimec a company oificial wnen lie sougilL to leave, lor ovemignt perusal of the document, wall ihe actual tacts antl ligurcs cf the remote development. Visitors to Las Vegas cannot avoid encountering tne "oppor- tunity" to buy land. Advertise- tments in newspapers and cxcltiim: "Unbelievable hut tnte! Free to out-of-town visitors. In addi- tion to what they give you elsewhere, like tree shows, food, cocktails, casino hank- rolls, we give you free break- fast, free, buffet lunch. Just stop by and say hello and we will invite you to attend an in- teresting land sales presenta- tion sponsored by Cavanagh Land Easles Corporation. Offer good only lor married couples, 21 to 60, nonresidents of Nev- ada Beautiful Harmer's Ridge In The Canadian Rockiest Is Being Eaten Away By The World's Most Gigantic Strip-mining Machinery. While The U.S. Gets Millions Of Dollars Worth Of Coal We Get The Pollution 1n Weekend Magazine this Saturday. Ian Adarns reports on how the Americans are exploiting our resources in the Rockies, and on the politicking and scheming behind the scenes. ALSO IN THIS ISSUE I Cartoonist Ben Wicks, and his encounter with Bobby Fischer The army's student program Batik an ancient craft is revived by young moderns Robert McKeown on the shortcomings of our immigration system Margo Oliver's tasty-good meat pie recipes The letlibridgc Herald :'r y.- WAITING FOR BIG Gunnels of Fort Worth head and passing is a large figun resls in the hand of the Big Tex before the symbol of the route to its place near the dairy ca Texas Stale Fair erected. In llie background is his of a Jersey cow en tile. CENTRE VILLAGE COLLEGE MALL w 'o OA rX iff! O m ;