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What's Taking The Fontainebleau So Long?

August 19, 2009 at 9:48 PM | by EK | 1 Comment

The last time this site checked in with the seemingly doomed Fontainebleau Las Vegas, they were filing for bankruptcy protection, and their CEO got the hell out of dodge, suing their former lenders for not staying the course...instead of staying the course. Even worse, the claim in court became even more clear (or convoluted, depending on how you see it): owner Jeffrey Soffer was suing his own project to essentially try to skirt the creditors' liens on his own project. Well, now we've got a new tip, and it appears it's only going to be worse.

We hear from someone involved with the project that the wait's only going to get longer, and might be permanent. Contractors have essentially been told that the project will almost never happen, and if it will, it's going to be under entirely different ownership. The reasons? Well, "incredibly, incredibly sketchy" was the key phrase we got, and that's aside from all the lawsuits. Further elaboration was refused.

Are the old charms of crime-ridden Vegas management back, or is this just irresponsible rumor-mongering on behalf of a tipster? Whatever it is, only one thing's clear: we want the place to open, as Vegas could use a little legitimate Miami decadence without the feeling of it being imported or cheesy. Sadly, the vast potential of what the place could be now pales against the question of whether or not it's actually ever going to open. Meanwhile, it sits as a big, blue reminder of pending legal warfare, and nothing else.

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  1. juliana

    VegasChatter Editor

    who has a lot of money left?

    Is Bill Gates interested in owning some Vegas property? (The Four Seasons at Mandalay doesn't count.) Someone with a lot of money needs to come in and rescue this project. Saudi Arabian princes maybe?
    August 21, 2009 at 4:24 PM

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