Nevada's oldest and largest brothel, The Mustang Ranch, will be sold and proceeds from the sale will be used to help pay off the owner's multimillion-dollar tax debt, officials said Saturday.
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"We will sell it," said Ron Smith, chief of special projects for the IRS in Las Vegas. Nevada's first legal bordello will be sold as real property, not as a brothel, he added.As a result, the value of the 105-room business probably will drop considerably from the $5 million that owner Joe Conforte's attorneys contend it is worth.