Friday, Jan. 7, 2011 | 9:19 a.m.
Nevada casino owner Don Laughlin has purchased from the State of Arizona a 69-acre tract along the Colorado River in Bullhead City for $3.5 million.
The Mohave Daily News reports Laughlin was the sole bidder on the
Bidding began at the appraised value of $15 million, but since no one else bid on the property, Laughlin snapped it up for the minimum price.
The original developer of the property had wanted to build 520 2 1/2-story townhouses.
Laughlin didn't rule out working with the developer in the future.
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Information from: Mohave Valley Daily News, http://www.mohavedailynews.com
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