Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1927-01-29
UNLIMITEDCAPITAL ASSURES
GROWTH OF LAS VEGAS
TREMENDOUS GROWTH


Plans which have for several
tion have been consummated
whereby practically unlimited
capital is brought to the develop
ment of Las Vegas City and Val
ley.
With the arrival here yester-
day of ]. A. Moore, Walter G.
Calrk, R. L. LANCER and l.. Lind
sey, Los Angeles capitalists, 1t
was revealed that deals involv-
ing 100000 worth of property
have been closed and that addi-
tional investments and develop
ments amounting to several hun
dred thousand dollars will follow
Immediately.
The first item in the great pro-
gram is the purchase by Mr..
Moore and associates from l..
Lindsey, of the $500 acres in
cluded in the Winterwood ranch
and the Sund tract, for a con-
sideration of 100000.
This purchase is preliminary
to the actual development of the
property on a liberal scale. The
land will be graded and put in
shape for cultivation. A battery
of artensian wells sufficient to
supply water for the entire acre
age will be drilled. Great canals
and many miles of laterals will
convey water to the lands, which
will then be thrown open to
settlement.
This program of development
alone is sufficient to bring to
Las Vegas the growth and pros
perity which we have long anti
cipated. But the WinterwCod
ranch development is only one
incident in the great program
The second notable investment
made by Mr.. Moore and associates
is the purchase of acreage and
city property amounting to $780,
600, which includes $50 feet of
frontage on Fremont street east
of Fifth. Plans for the improve
ment of these properties are al
so under consideration but have
not yet been perfected.
The third item in the program
is the purchase of the northeast
corner of Fremont and Second
streets by Mr.. Moore and asso-
ciates for $4,000. from DR.. R. w.
Martin. This site is 100 feet
frontage on Fremnot by 13O
feet on Second.
Plans for a new office building
and theatre to cover the entire
area 100 by 300 feet are now be-
ing made by Mr.. Haenke, Los
Angeles architect, who arrived
here on No. today.
The structure will be three
stories in height. The lower
floor will be given over to stores
and the theatre and the two
upper floors will be devoted to
office purposes. 1t will be strik-
ing and handsome in architecture
and modern in every detail.
The theatre will be designed
to seat 1000 people and will be
complete in every detail. Par
ticular attention will b e
given by Mr.. Haenke to the archi-
tectural beauty of the audi
torium and to the comfort and
convenience Of patrons.
The items mentioned above are
but the beginning Of a great pro-
gram which has been embarked
upon by Mr.. Moore and associates
Other business blocks, hotels,
apartment houses and hundreds
of dwelling houses will be pro-
vided to meet the demands OF
the inevitable growth which is
before us.
In this connection it is well
to revert to the Richmond Hotel
project which has been in pro-
cess of formation for several
months.
The Age is able to state author
itatively that the enterprise will
go forward on a scale even great
er than at first hoped. All de-
tails of the site, planning and fl
nancing have been practically
completed. In connection with
the enterprise of Mr.. Moore and
associates, the necessity for a
modern resort hotel Is greater
than ever and Mr.. Richmond is
fully prepared to proceed Just
as rapidly as can be done. The
investment in the hotel enter
prise will approximate $75O,OOO
and Mr.. Richmond hopes to have
it ready for guests next fall.
The transactions noted above
with the contemplated improve
ments, and the hotel enterprise
combined, represent approximate
Iy $2,OO0,O00 in new capital which
Is definitely assuered for Las