Developer Chris Milam's planned 750,000-sq-ft, 16,500-seat sports arena in Henderson, 12 miles south of Las Vegas, may be headed for bust. Due to fraud concerns, the U.S. Bureau of Land Management has delayed the potential sale of 480 acres to Milam's Silver State Land LLC 40 days until Feb. 6. at the request of Henderson City Attorney Josh Reid.
Milam had submitted a $2.1-million deposit in June for the $10.56-million purchase; the balance was due Dec. 3. Reid wrote in a letter addressed to the BLM that the federal land deal "may not be valid and appears to be tainted by fraudulent representations." Milam and his investors have been "actively promoting" the land for prospective residential development, "in direct contravention" of the BLM deal, Reid wrote.