Contractors release Statelines’ Hard Rock casino liens
A lawsuit against the owners of the Hard Rock Hotel and Casino Lake Tahoe by its main contractor may have been settled, according to court documents filed last week.
An Oct. 19 trial involving SMC Construction and subcontrator Savage & Sons was vacated by order of District Judge Tod Young pending payment by Hard Rock owner Neva One.
Reno Construction firm SMC released the lien it had on the Hard Rock, according to the Douglas County Recorder’s Office.
SMC Construction filed a lawsuit May 4, 2015, claiming the cost of work on the Stateline casino nearly doubled from the agreed upon $9.6 million.
As recently as May, attorneys for SMC were taking depositions in preparation for the case to go to trial.
However, on June 8 a deed of trust filed with the Recorder’s Office listed Las Vegas firm Paragon HRLT Holdings LLC. A management agreement that would allow the firm to partner with Neva One was approved by the Gaming Control Board in February.
Within a week of the recording of the deed, 16 contractors released or assigned liens, including SMC and other plaintiffs Savage & Sons and Tahoe Specialty Flooring and Window Design.
The Record-Courier has attempted to contact attorney Michael Springer and Neva One owners Jon and David Park to confirm the lawsuit has been settled.
According to the Assessor’s Office, Neva One continues to own Hard Rock Hotel and Casino. A search of the Nevada Secretary of State’s Office lists the Parks as the officers of Neva One, the company they formed after Park Cattle and Edgewood Companies split in fall 2013. Park Cattle received the former Horizon Casino Resort and the Carson Valley cattle ranches in the deal.
Horizon closed April 1, 2014, for renovation, which the Parks said at the time would be aimed at younger visitors. On July 17, 2014, the Parks announced the Horizon would be a Hard Rock when it reopened.
According to court documents, SMC bid $15.6 million on the original project, which was negotiated down to $9.6 million before the Parks agreed.
Work began to accelerate as the Jan. 28, 2015, opening date approached, with SMC’s Hard Rock Project Manager Joe Stewart testifying that by November the architect had given up trying to track change orders.