VegasChatter

Tags: Hotel Construction / Fontainebleau / Hotel Delays / → All Tags

The Fontainebleau Las Vegas Craps Out

The Fontainbleau Las Vegas looks a little more finished than this. But not much. For a more recent pic, go here.

After much back and forthing, the Fontainebleau Las Vegas has officially crapped out, with its owners filing for bankruptcy yesterday. Aside from depriving Vegas visitors of iMacs in their hotel rooms, the project's collapse will put thousands of people out of work. And it's not even all the way finished yet. According to a news report:

The company said in a news release that the decision to file Chapter 11 was the direct result of litigation with lenders on the Las Vegas hotel construction project that had to do with contractual disputes related to nearly $800 million in construction funding for the $2.9 billion resort-casino project, which is 70 percent complete.

Um...so now what? They can't just let it sit there unfinished, can they? We really hope the owners can secure some new financing soon. Until then, don't plan on making a reservation here next year.

[Photo: Nick Barlow]