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Louis Cornero sought to regain control of the project, arguing that reorganization was not necessary to acquire construction financing. Shareholders had been told by Tony Cornero that the resort could be completed for $4.5 million. He also agreed to loan the project $2.5 million, with completion now expected by May 1, 1956. Cornero died suddenly on July 31, 1955, while gambling at the nearby Desert Inn resort.

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