Newton has had other legal and financial trouble in the past. He still performs at venues around the country. Newton is credited with performing more than 30,000 solo shows in Las Vegas over 40 years. CSD Management LLC, made up of project manager Steven Kennedy and his partner, Geneva Clark, had a 10 percent stake. Lacy and Dorothy Harber of Texas, through DLH LLC, owned 70 percent of the property ownership entity. Wayne and Kathleen Newton, through a business entity called Sacred Land LLC, owned 20 percent of their bankrupt landlord, CSD LLC.
The bitter fight over the Newton estate was complicated by the interlocking ownership but competing interests of the various parties.
It wasn't clear Wednesday if the entity still has plans to develop it into a "Graceland West" attraction commemorating Newton's career.ĭocuments show that 12 commercial tour buses that had been purchased to shuttle visitors several miles from the Las Vegas Strip to the Newton museum have been repossessed. Now CSD LLC will keep the walled "Casa de Shenandoah" compound. Sheriff's deputies had tried in February 2010 to collect a $500,000 court judgment stemming from back pay owed to a former pilot, and billionaire Bruton Smith, chairman of NASCAR track owner Speedway Motorsports Inc., was seeking to seize Newton's property as repayment of a $3.35 million loan.Īs recently as March, the 71-year-old Newton and his wife maintained that they would remain in their beloved home. Newton had creditors at his door at the time he sold the property to CSD. Wielebinski noted also that the reorganization plan pays 100 cents on the dollar to remaining creditors. Newton's move out of the home he has had since 1968 wasn't specified in the Chapter 11 reorganization, said Joseph Wielebinski, the Dallas-based lawyer for the property owner, CSD LLC, and architect of the agreement. Last month, the main parties involved in the partnership, including the Newtons, submitted agreements to the judge under seal to settle ongoing litigation including allegations of fraud, conspiracy, breach of contract, and even sexual harassment. Kathleen Newton noted that the bankruptcy involved the business entity that owns the property. The relocation comes with a federal bankruptcy judge in Las Vegas due to sign off June 21 on a bankruptcy reorganization involving a partnership that bought Newton's property in June 2010 for $19.5 million. The new spread will be called "The Shenandoah," Newton's wife, Kathleen McCrone Newton, told The Associated Press. ‘Really out of control.’ America digs in for inflation fight.
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