This is an update to two previous blogs that I posted about the Desert Falls International Sports Resort here in Mesquite, Nevada. It has been confirmed by the Mesquite Economic Development Director Bryan Dangerfield that the Desert Falls International Sports Resort, LLC has indeed delivered the 5% down payment to the City of Mesquite by August 26th as they were required to do per the agreement between the city and the Desert Falls organization. The down payment of approximately $316,000.00 to purchase the 864 acres of land was actually delivered a day early to the city.
Ground breaking will probably not start until the somewhere around the new year, however, it is still unclear whether or not construction can start until the land is completely paid for or not. If so, the Desert Falls organization will need to come up with another 10 million dollars, approximately. Desert Falls is scheduled to have Phase One of the project completed by November, 2011 at a cost of 100 million dollars.
The total cost of the resort will be around 500 million dollars when completed. Stay tuned and I will keep you up to date on the project as soon as the updates come in. Remember you can click on the links above to take you to the City of Mesquite's website and the Desert Falls information posted by the city.
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