Texas-based developer Christopher Milam's plan to build the tallest building west of the Mississippi River on the old Wet 'n Wild site on the Strip took a big hit Monday after federal officials lopped nearly 500 feet off the project's proposed height.

The Federal Aviation Administration said Crown Las Vegas's planned hotel tower could be 1,064 feet high, the agency said in a letter to the developer.

Milam had originally hoped to build a 1,888-foot-high tower but lowered his sights to 1,550 feet in a letter to the FAA dated Sept. 14.

The Stratosphere, less than a mile north of the Wet 'n Wild site and the tallest structure in the West, is 1,149 feet tall.

But just like for Regent Sisolak, perhaps the Nevada Supreme Court could find a taking by authorities and award millions of dollars to Milan.

For more go to Rolling Good Times.