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In their quest to get mortgage financing
for the Xanadu, its builders tapped Gary H. Kent to conduct
a feasibility study and write an appraisal report. The
report was a detailed description of the current (1975) Las
Vegas tourist and casino market.
Given the economic vigor of the other Strip
casinos, Kent concluded that the project would be a "highly
feasible venture" if built and estimated its ultimate fair
market value at $144 million. The snapshot of Vegas past
he left in the historic record is perhaps not that valuable,
but is certainly compelling. The text of the report, as
well as charts and photographs, are available for viewing below.
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