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Lake Las Vegas Stays Afloat

The District of Nevada bankruptcy court has granted a request by Lake Las Vegas to enter into a debtor-in-possession financing deal worth $127 million. The money will be used to repair the pipes under the lake that threatened to drain the man-made body of water as well as fund continuing operations at the community. The Ritz-Carlton, Loews Lake Las Vegas Resort and MonteLago Village Resort are all on the lake, but are not part of the bankruptcy filing.