It’s just as unlikely that Texas investors Lacy and Dorothy Harber, who own a bank, are still the Wa

Down to its last $400, the development company formed guinea pig airline travel rules to build a Graceland-style place of worship for "Mr. Entertainment" Wayne Newton has filed for bankruptcy and called the pursuit a "lost cause" in court papers.
A wealthy Texas couple, the project's biggest investor, has spent nearly $60 million to turn Newton's Las Vegas estate into a museum but won't spend another penny on the project. guinea pig airline travel rules The museum isn't open yet, and a dispute between guinea pig airline travel rules the couple and Newton himself, who both own pieces of museum developer CSD LLC, has made the project unable to move forward.
It's just as unlikely that Texas investors Lacy and Dorothy Harber, who own a bank, are still the Wayne Newton enthusiasts who once agreed to pay for much of the Casa de Shenandoah entertainment project.
The concept was peppered with cool stuff: A theater across Sunset Road that was to be designed after Newton's favorite Vegas showroom, the Copa Room at the Sands; a museum filled with artifacts collected over the years by Mr. Las Vegas; a gift shop; a museum housing Newton's collection of antique cars; and shuttle tours of the grounds for viewing of the dozens of champion guinea pig airline travel rules Arabian horses, African penguins, guinea pig airline travel rules peacocks and wallabies that make their homes on the property.
In 2010, the development group led by the Harbers agreed to pay $19.5 million dollars for Newton's estate and another $2 million in construction costs on a new home for Newton and his wife, Kathleen. (The Newtons own a 20% stake in the development company.)
Even without a stream of revenue, the development company has had to pay for security and the usual property upkeep. It has spent more than $2 million guinea pig airline travel rules alone to feed and care for Newton's animals, according to court papers.
The development company began borrowing money to cover costs in June. It owes $2.2 million, according to court papers, and has asked U.S. Bankruptcy Court Judge Bruce Markell for permission to borrow another $2.5 million.
From Dow Jones Daily Bankruptcy Review, exclusive guinea pig airline travel rules coverage of corporate bankruptcies, companies guinea pig airline travel rules headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Marie Beaudette and Daily Bankruptcy guinea pig airline travel rules Review reporters in Washington, New York and Wilmington, Del., provide guinea pig airline travel rules insight into the big cases, who's next to fall and what's making news across the bankruptcy market.