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Las Vegas Sun

Downsized dream: After plan for $115 million resort is dashed, developer aims smaller

April 24, 2013

Above Marvin Lipschultz?s desk hangs a reminder of what the 3.5 acres of land below him could have been. It?s an artist?s rendering of an aqua blue 41-story hotel called One Trop. Lipschultz looks at it daily from his small guest room office at the long-shuttered Golden Palm Hotel. Now, after a half-decade of waiting for a second chance to strike, the grizzled real estate mogul is ready to try again, albeit on a much smaller scale. Lipschultz plans to reopen the Golden Palm as a restaurant and karaoke bar.

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