Buddhist group files complaint against sale of Las Vegas monorail to LVCVA
LAS VEGAS (KLAS) – The lawsuit of a Buddhist group could put the brakes on the transfer of the monorail from Las Vegas to the Las Vegas Convention and Visitors Authority.
The lawsuit brought by the headquarters of the World Buddhism Association (WBAH) cites three easements on a property at the southwest corner of Sahara Avenue and Paradise Road behind the SAHARA Las Vegas. These prior easements and agreements are the main sticking points.
Among the objections to the sale that are listed in the lawsuit, WBAH says the Las Vegas monorail does not own some of the assets it intends to sell to LVCVA.
The easements are involved in a previous legal dispute that left the WBAH responsible for maintaining access to the parking lot at this location – conditions that are still in place even though the monorail went out of business during the COVID-19 pandemic.
LVCVA has obtained approval to acquire the Las Vegas monorail for $ 24.26 million.
The Buddhist group bought the property in Sahara and Paradise to build a temple, but the project did not get off the ground. The $ 17.5 million sale of the land closed in 2018.
WBAH cites four arguments in its objection to the sale:
- Las Vegas Monorail does not own all of the land it sells.
- The changed circumstances regarding the use of the property – which is now developed as a temple and no longer used as a parking lot – justify the termination of the easement.
- If the easement is not terminated, an outstanding dispute must be resolved before the sale can take place.
- The WBAH’s control of the land included in the sale means that the WBAH has a say in the sale.
The lawsuit was filed in U.S. bankruptcy court on Friday. Vincent J. Aiello represents WBAH in the lawsuit.