Lake Las Vegas in Henderson, Nevada, refers to a reservoir and the developed area around the reservoir. The area is sometimes referred to as the Lake Las Vegas Resort. It is being developed by 5 companies including Lake at Las Vegas Joint Venture LLC. The area includes three resorts including the Aston MonteLago Village Resort, the Westin Lake Las Vegas Resort, and the Hilton Lake Las Vegas. Overview The earthen impoundment that forms the reservoir is tall, in length, and wide at its base. It contains roughly the same amount of dirt as Hoover Dam does concrete, and impounds of water. Since the reservoir was built in the channel of the Las Vegas Wash — the valley's only storm runoff outlet — A bypass was built for the wash beneath the reservoir and dam allowing it to remain connected to Lake Mead via two diameter pipes. The bypass is a flood control measure, allowing flood waters to be diverted under the reservoir into Lake Mead with the rest absorbed by Lake Las Vegas itself. After falling into substantial disrepair, the pipes — which are owned by the city of Henderson, but maintained by the resort — were repaired in 2009 at a cost of $3 million. History Actor J. Carlton Adair conceived Lake Las Vegas around 1967 as Lake Adair. At the time he purchased the land and water rights. In 1987, Ronald Boeddeker acquired from the US Government when Adair went bankrupt. The property was acquired by Transcontinental Properties in 1990. That same year, the developers began the diversion of of water from the Las Vegas Wash to fill the reservoir. In 1995, Henry Gluck, the former chairman and chief executive officer of Caesars World, became the co-Chairman of Transcontinental Properties. With Sid Bass and Lee Bass, two billionaires from Fort Worth, Texas, he developed the new community. The project cost US $5 billion. Lake at Las Vegas Joint Venture, LLC filed for Chapter 11 bankruptcy on July 17, 2008. Debts were estimated at between $500 million and $1 billion. Lake Las Vegas emerged from bankruptcy in July 2010 with a plan that took nearly two years to complete. All existing debt was wiped away and the development has $30 million in hand to complete several of the unfinished infrastructure projects. The Lake Las Vegas bankruptcy creditors, not Lake Las Vegas development themselves, have filed a lawsuit against the