Las Vegas New Home Buyers Demand Return Of Deposits; Construction At Standstill

In Nevada, KVBC-TV Channel 3 reports that at least 12 people are out $3 million in deposits on the purchase of condominiums in a yet to be completed condominium project. Construction of the Spanish View Towers stopped months ago. It was supposed to be done by now. The question now is where the deposit money went. The 12 purchasers are currently represented in their dispute with the builder by local attorney Terry Coffing, who claims that his clients' deposits have have already been spent and that a future trial will determine how the funds were spent. For more, see Spanish View Towers: Will people get their money back?

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