June 30 is D-Day for Crazy Horse Too . Last year, the strip club went into foreclosure, having been seized by the government because of tax evasion by owner Rick Rizzolo. To pay back what it owes, including a hefty settlement to a man paralyzed as a result of being beaten up until paying a bill, Crazy Horse Too will have to be sold by June 30. But yesterday, the Las Vegas City Council refused a temporary liquor license. That brings down its value, along with the fact that pretty soon the property will no longer be able to operate as a strip club. Prior grandfathering got the club through zoning laws, which will expire unless the club can open. And without a liquor license, that's less likely to happen. Assuming the liquor and adult entertainment licenses are intact, one buyer is interested for $32 million. That would cover the $9 million settlement, $17 million in government fines, and a $2 million lien. What remains would be enough to get a few lapdances. ...
Anytime
June 30 is D-Day for Crazy Horse Too . Last year, the strip club went into foreclosure, having been seized by the government because of tax evasion by owner Rick Rizzolo. To pay back what it owes, including a hefty settlement to a man paralyzed as a result of being beaten up until paying a bill, Crazy Horse Too will have to be sold by June 30. But yesterday, the Las Vegas City Council refused a temporary liquor license. That brings down its value, along with the fact that pretty soon the property will no longer be able to operate as a strip club. Prior grandfathering got the club through zoning laws, which will expire unless the club can open. And without a liquor license, that's less likely to happen. Assuming the liquor and adult entertainment licenses are intact, one buyer is interested for $32 million. That would cover the $9 million settlement, $17 million in government fines, and a $2 million lien. What remains would be enough to get a few lapdances. ...