ZZZ - GMG - VEGAS INC 2011-2014

In business transportation committee approves $100 million bond sale for Project Neon property By Cy Ryan staff writer CARSON CITY — The Legislative Interim Finance Committee approved the sale of $100 million in bonds to buy property along Interstate 15 for Project Neon in Clark County, but many lawmakers are still raising questions about the financing. Project Neon will widen I-15 from Sahara Avenue to the Spaghetti Bowl and make major changes to the arterial streets in the area. Hours before the debate in the legislative committee, the Nevada Transportation Board approved a $453,650 three-year contract with Chapman Law tourism Sandoval signs tourism agreement with state of Mexico By Cy Ryan staff writer CARSON CITY — Gov. Brian Sandoval and the governor of the state of Mexico signed an agreement to promote tourism and to join in cultural and artistic exchanges. The agreement calls for more direct flights between Las Vegas and Toluca, the capital of the state of Mexico, and for hotel associations to explore development of resorts in both places. The agreement with Mexico Gov. Eruviel Avila Villegas is a follow-up of a trade mission Sandoval led to Mexico in July. It calls for the possible marketing of Mexican craft items in Nevada and inviting Mexican musical and dance groups to perform at events. Firm to handle condemnation cases that would allow for acquisition of property. In the committee meeting, Assembly Speaker Marilyn Kirkpatrick, D-North Las Vegas, said $100 million has already been spent for right of way for the project but wondered who will pay the future costs of the $1.3 billion project. When the project is completed, Transportation Director Rudy Malfabons aid, the state will be committed to $34 million a year to pay for future bonds that finance the program. The committee told Malfabon it wants more information on the financing, which along with building and main- taining the road, is to be undertaken by a private company. Malfabon promised to give the committee briefings on future movement on the project. He opposed delaying the authorization of the bond sale, saying there has been a "significant increase in property values." A New Hire for Us. New Possibilities for Our Clients. McDonald Carano Wilson proudly announces that Lucas Foletta has joined our law firm. As the former general counsel to Governor Brian Sandoval, Mr. Foletta adds a new dimension and additional strength to our gaming, administrative, and energy law departments. Mr. Foletta represents all of the qualities that have defined the lawyers of McDonald Carano Wilson since 1949. We are proud to welcome Lucas Foletta to our law firm. real estate MGM sells property near M Resort By Eli Segall staff writer MGM Resorts International has sold about 90 acres of land south of Henderson off Interstate 15. The $11.75 million deal, which closed in November, was a speculative purchase, and the buyers do not have any immediate plans to develop the property, said Colliers International broker Dan Doherty, who worked on the deal. The property is at Sloan Road and Las Vegas Boulevard, a few miles south of the M Resort. | 6 JANUARY 2014 20140106_VI09_F.indd 9 | Lucas Foletta Reno: 775-788-2000 Las Vegas: 702-873-4100 9 1/2/14 10:22:59 AM

• Cover