Reno Gazette-Journal from Reno, Nevada • Page 25

Reno Gazette-Journal Friday, February 24, 198978 Lewin license FEBRUARY SPORTS SPECTACULAR convenience for the Sparks consumer." The dealership's location near Interstate 80 will give it high-visibility and good access, he said. Donnelly's company is also spending more than double the amount it planned on decor and design of the 2.23 acre-lot. Carson City-based American General Development is the general contractor, and 11 of the 18 subcontractors are Sparks companies, Donnelly said. While the distance between Sparks and Reno is short, Donnelly says the new dealership is a plus, and there is enough local business to support both his businesses. "We're going to catch people coming into Reno that we didn't get before.

I don't think we'll take anything (away)." Donnelly From page 10B want another used-car dealership, Donnelly said. But Donnelly assured the council that he was opening up a new-car dealership. At least 50 percent of the automobiles at the dealership, expected to open in July, will be new, Donnelly said Thursday. There will be a full line of Mer-curys, he added. "It will be a first-rate dealer-hip." Like Spoo, Donnelly also envisions other dealerships joining his in Sparks.

"We think it will force other businesses to build towards us," he said. "I think we've created more adidas From page 10B List called the Gaming Board recommendation "too harsh" considering Lewin's contributions to the state and to gaming during 15 years as head of Hilton Hotel Nevada operations. Commissioners received a draft of the restrictions after several said they could not vote for an unfettered license. Interface owners, however, said they needed Lewin's expertise in marketing and overall strategy to attract lenders and make the property work. Lewin said he would work as part of a team, Aristocrat Hotels of Nevada, to run the Sands.

Lewin is president of Aristocrat. Lewin's son, Larry Lewin of Reno's Peppermill Hotel Casino, MELTDOWN PLUS Durable leather RIVALRY HICH Available In team colors. Not all colors available upper witn padded ankle collar and tongue. In all sues. Sold In 1986 for $65 approved gaming licenses for Interface group's Las Vegas Sands Inc.

and its four owners before taking up Lewin's application. Interface's controlling partner, Sheldon Adelson, said Interface and its owners are putting up $104 million and seeking $155 million in mortgage money. Funds will be used to expand the Sands casino to 60,000 square feet from 25,000, build 1,300 more guest rooms and build a convention center that has 1 million square feet of exhibition space. Drexel Burnham Lambert is acting as Interface's financial adviser and is seeking a private placement for the mortgage loan, said the investment banking firm's Las Vegas attorney, Frank Schreck. Interface, Adelson explained, is divided into three divisions, the Sands essentially would be a fourth.

One Interface division produces trade shows, including COMDEX, a giant computer show that draws 100,000 delegates to Las Vegas annually. Interface also runs a tour-packaging division and an airline. Adelson said the pending Sands purchase would expand the company vertically. It could produce shows in its own convention center, fly delegates in and house them. The licensing of Lewin, Adelson said after the hearing, allows Interface to close the Sands deal by midnight March 31.

A PAIR jl jl i OR an annual rate of 7.2 percent, the highest in two years. Federal Reserve Chairman Alan Greenspan called the inflation trend disturbing and vowed to keep upward pressure on rates until the pinch succeeds in squeezing inflation out of the economy. Since February 1988 the federal funds rate has jumped by more than 3 percentage points. Wire service and staff reports NIKE TEAM DIADORA MUSTANC ADIDAS RIVALRY LOW CONVERSE AB-M 60O CONVENTION I white with Available In team Sold In 1987 for Sold In 1987 for Red. Sizes was licensed to run the Sands Icasino as part of his father's 'team.

Larry Lewin, Aristocrat's 'secretary-treasurer, previously casino manager at the Reno Hilton when his father was head of all Nevada operations for Hilton Hotel Corp. I Kenneth Scholl, Aristocrat's executive vice president, was licensed to run the Sands' non-gaming operations. Interface owners have formed a separate company to buy the for $110 million from financier Kirk Kerkorian, who bought jthe Sands and Desert Inn hotel-easinos last year from Summa Corp. for $167 million. Gaming commissioners colors I only Prime rate From page 10B Feb.

10. Major banks then boosted the rate to 11 percent from 10.5 percent. "The prime's a laggard rate," said Fraser Seitel, a senior vice president. The Federal Reserve, concerned about inflation, has been trying to cool off the economy by soaking up reserves from the banking system. That drives up short-term interest rates and discourages borrowing.

On Wednesday, the Labor Department reported that consumer prices rose in January at $68 $70 CHEAPEST RENT IN TOWN NIKE DELTA FORCE HI-TEC SILVER SHADOW AVIA LADY W470 BLACK PRINCE PRECISION White with Sold In 1987 for Sold In 1987 for XP MESH Sold In OfficeRetailWarehouse 1,000 sq. ft. units $450month New building in Sparks Orange oniy for I oriry ATOSV AfaTfc. 1987 for SS7 SS7 $54 $50 im3 fc xrxm. Call collct (415)061-3310 JJ SonocPd .72 1NASDA9 From page 9B 36'- 'A 2 V- 8 25 'A 11' 21 'A Sonora SonrFd SoundA SoundW SoCarF 87t SCarNt .64 SMchG S.BO WCRS 09 WDM 160 WNS WPP Gp.41t WSMP .16 WTD WainBK 271 Vi 16'A "A SCalWt 2.02 26' 4 Safeco 1.01 SafHIt SagHbr SaqeStt I hw 31 V.

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