Lawmakers introduced the bill in response to a Review-Journal investigation that showed some of the largest real estate transactions did not pay a transfer tax.
Work crews had torn down most of Fiesta Rancho’s five-story hotel tower, on the north side of the property across from a drive-in movie theater, as of Thursday morning.
The 2.2-acre compound boasts unobstructed views of the Strip, 18-car garage, gym, outdoor sport court, pizza oven, 50-plus-foot-long pool and spa, and two-story guest house.