October 2, 1997 |
A California investment company plans to build an amusement park and 300-room nongaming hotel behind the Stratosphere hotel-casino. Emerald Isle of Southern California has already acquired about half of the 70 acres it needs for the venture. In comparison, Disneyland is 85 acres. Emerald Isle agreed to buy Stupak Park from the city for $4.5 million--six times the $750,000 estimated value--at Monday's city Real Estate Commission meeting.