Irwin Molasky (born c. 1927) is an American real estate developer and philanthropist from Las Vegas, Nevada. He is the Chairman of The Molasky Group of Companies.
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Early life
Irwin Molasky was born to a Jewish family circa 1927. His father ran an Ohio newspaper distribution business and managed several apartments. Molasky went to a military high school and attended college and worked during summers as a teenager. He attended Ohio State University and transferred to the University of California, Los Angeles (UCLA), but did not graduate from either institution. Instead, he worked his way up in construction.
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Real estate development
Molasky moved to Las Vegas, Nevada in 1951. Soon after arriving he bought property and built an 18-room motel, The Pyramids. With Moe Dalitz, Allard Roen and Merv Adelson, he founded Paradise Development, a real estate development company in the 1950s. Together, they founded the Sunrise Hospital, the Boulevard Mall and the Las Vegas Country Club. Later, they also developed the La Costa Resort and Spa in Carlsbad, California.
Meanwhile, Molasky became the Chairman of The Molasky Group of Companies, a real estate development company. He has built the first master-planned community, Paradise Palms and the first high-rise office building in Las Vegas, the 17-story Bank of American Plaza; and the Nathan Adelson Hospice. Additionally, he helped find the right location for the McCarran International Airport and assisted with the land purchase for the Las Vegas Convention Center. Moreover, he built the Internal Revenue Service Headquarters in Las Vegas, the Social Security Administration building in Las Vegas, the Casa Grande Re-entry Facility for the State of Nevada Department of Corrections, and the Clark County Detention Facility. Molasky also purchased the Regency Towers high-rise condominium tower after it went into foreclosure in the 1970s. Molasky and Steve Wynn later built the Park Towers high-rise condominiums, completed in 2001. In 2007, his company completed the Molasky Corporate Center in downtown Las Vegas. It is a green building used for office space, and is the only building by Molasky to use his name.
Television production
With Merv Adelson and Lee Rich, he was a co-founder of Lorimar Productions, a conglomerate of television, broadcasting, and print companies. He also served on its board of directors.
Molasky admitted in an interview with The Hollywood Reporter that he used the company as a "tax shelter."
Equestrianism
Molasky owns racehorses with trainer Bruce Headley. One of his horses was Kona Gold.
Philanthropy
Molasky was a key figure in the development of the University of Nevada, Las Vegas through a donation of 45 acres (18 ha) prime of land at Flamingo Road and Maryland Parkway. He also served as the Founding Chairman of the UNLV Foundation, the fundraising arm of the university.
Molasky serves on the board of directors of Project REAL, a non-profit organization which teaches "principles of democracy, law and the responsibilities of citizenship" to schoolchildren in Las Vegas.
The Molasky Junior High School in Las Vegas in named in his honor.
Personal life
Molasky was married to Pepi (Bookbinder) Molasky. He then married Susan (Frey) Molasky. He has three sons and a daughter, all of whom work at The Molasky Group of Companies:
- Steven Molasky.
- Andrew Molasky.
- Alan Molasky.
- Beth Molasky.
References
Source of article : Wikipedia
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