About 16 acres of land tied to the Beverly Hillbillies Mansion & Casino development was not auctioned off Wednesday afternoon as scheduled in a notice of trustee's sale.
At 1 p.m. Wednesday, on the front steps of the old courthouse in Minden, auctioneer Sue McGill reported that the sale had been postponed until July 14, citing "operation of law" as the reason.
"In Nevada, you can have up to three postponements," McGill said.
Foreclosure on the property was initiated by Riverwood Partners, LLC., developers of the stalled commercial center between Topsy Lane and North Sunridge Drive.
Riverwood, which has a $24.7 million redevelopment agreement with Douglas County, had sold the land to Max Baer Productions, LTD., the trustor named in the sale.
In 2007, "Beverly Hillbillies" star Max Baer Jr. acquired zoning changes for his proposed 270,000-square-foot hotel/casino. The project failed to materialize in the following years partially due to a lack of infrastructure to the casino property, which sits 1,100 feet from Highway 395 opposite Carson Valley Plaza.
Infrastructure was expected to be achieved by Riverwood's redevelopment agreement. Grading improvements on a portion of the east-dipping Riverwood site began in the fall of 2008 but ceased shortly thereafter.
To receive the first payment of redevelopment money, Riverwood developers must build 30,000 square feet of commercial space and lease 25,000 square feet of that, something yet to be done.
According to the Douglas County Assessor's Web site, Jethro's Beverly Hillbilly Development owns three parcels of land, about 24 acres, on the east side of the Riverwood development. Two of those parcels, roughly 16 acres, were subject to the public auction Wednesday, the Douglas County Recorder's Office reported last week.
According to the notice of trustee's sale, Max Baer Production owed an estimated $572,221 under a deed of trust dated Oct. 29, 2007.
n Scott Neuffer can be reached at sneuffer@recordcourier.com or 782-5121, ext. 217.
