I have mixed feelings about Lake Las Vegas. One the one hand, I hate the fact that we allowed the diversion of water from Lake Mead to create this artificial lake for an upscale resort, shopping, and housing area. On the other hand, isn't the whole valley built on Lake Mead diverted water?
The Great Recession has hit as hard here as it has anywhere in the Las Vegas Valley. Many of the stores are empty and available for lease. The best thing about Lake Las Vegas are the large number of special events they have to drive traffic to the resort.
If you ever saw the Andrea Bocelli concert: Amore Under the Desert Sky, then you've seen Lake Las Vegas. Bocelli performed from a stage for special events that's in the Lake Las Vegas Village near the Ravella Hotel, then the Ritz Carlton.
The resort is fine but mostly for special events. It's not worth the drive for me unless there's a destination reason.