Sovereign Partners v. Lascu (In Re Sovereign Partners)
District Court, D. Nevada
1Opinion of the Court
OPINION
PRO, District Judge.
I. Background
On November 20, 1989, the United States Air Force granted to Dorin Lascu a 40-year “ground lease” at Nellis Air Force Base in Las Vegas, Nevada (the “Lease”). The Lease allowed Lascu to construct a hotel facility for visiting Air Force personnel (the “Project”). Findings of Fact entered June 8, 1992 (# 30), para. 4 and 5. Under the terms of the Lease, Lascu had to obtain financing acceptable to the Government. Findings of Fact (# 30), para. 6 and 7. Lascu could not transfer' or assign the Lease without the Government’s consent. Findings of Fact (#30),…
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