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Lake Las Vegas Resort Announces New Course

Lake Las Vegas Resort, a
3,592-acre residential, golf and resort community 17 miles from the Las
Vegas Strip, today announced plans to build Rainbow Canyon, a new 18-hole,
par-71 golf course designed by Tom Fazio. Rainbow Canyon will be Lake Las
Vegas Resort’s fourth course and will join the resort’s other
award-winning golf courses, Reflection Bay Golf Club, SouthShore Golf
Club, and The Falls Golf Club. Rainbow Canyon’s construction is slated to
break ground in the first quarter of 2005 with an expected opening in 2007. The new course will be nestled in the mountains on the northern shore of
Lake Las Vegas, adjacent to the award-winning Reflection Bay Golf Club,
and will stretch from the lake’s shoreline to the Rainbow Garden
Geological Preserve. It will measure more than 7,000 yards and will
feature extraordinary canyon settings, holes along Lake Las Vegas’
shoreline and elevation changes that showcase Lake Mead, the Rainbow
Gardens and Lake Las Vegas Resort.

“Rainbow Canyon is a unique golf course design due to the topography of
the land,” said R.F. Boeddeker, president and chairman, Transcontinental
Properties, Inc., Lake Las Vegas Resort’s master developer. “Using the lay
of the land, Tom Fazio has created one of Lake Las Vegas Resort’s most
challenging courses that truly complements the resort’s other golf clubs.
The resort prides itself on offering golfers some of the finest play
available in the country and the addition of the new course reinforces
Lake Las Vegas Resort’s position as a world-class golf destination.”

Fazio has been involved with the design and construction of golf courses
throughout the United States, including Shadow Creek Golf Course in North
Las Vegas. “It is a real pleasure to be able to return to one of my
favorite cities to design a special new golf course,” said Fazio. “I have
always thought that some of the most creative people in the world practice
their trade in Las Vegas, and I am honored that the ownership of Lake Las
Vegas Resort has given me the opportunity to be involved in their
wonderful development.

“Like Lake Las Vegas Resort itself, Rainbow Canyon will be unique,
spectacular, and of the highest quality. I get excited about all of our
new projects, but I am already looking forward to teeing it up on this
one. It’s going to be awesome!”