June 30 is D-Day for Crazy Horse Too.
Last year, the strip club went into foreclosure, having been seized by the government because of tax evasion by owner Rick Rizzolo.
To pay back what it owes, including a hefty settlement to a man paralyzed as a result of being beaten up until paying a bill, Crazy Horse Too will have to be sold by June 30.
But yesterday, the Las Vegas City Council refused a temporary liquor license.
That brings down its value, along with the fact that pretty soon the property will no longer be able to operate as a strip club. Prior grandfathering got the club through zoning laws, which will expire unless the club can open. And without a liquor license, that's less likely to happen.
Assuming the liquor and adult entertainment licenses are intact, one buyer is interested for $32 million. That would cover the $9 million settlement, $17 million in government fines, and a $2 million lien.
What remains would be enough to get a few lapdances.
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