Tax & Accounting Blog

Nevada Town For Sale, Half-Off

Blog, Indirect Tax, ONESOURCE April 1, 2016

The 500-acre unincorporated town in southern Nevada known as Cal-Nev-Ari (short for California-Nevada-Arizona) is on the market at the recently reduced asking price of $8 million.  Originally developed as a small airport community, the land went on the market in 2010 for $17 million when co-founder Nancy Kidwell decided it was becoming tough to maintain at her age, looking for some help and the sort of economic boost an investor may be able to provide.  The town doesn’t have any paved roads, but it does have a local casino, diner, convenience store, and even a small motel that are all included in the price; everything except for the current 350 residents themselves.  There have been several buyers interested over the years, with a number of different ideas for land usage ranging from entertainment to retired living, however, interest has diminished as the economy has dipped.