Tag: Vegas Business View All Tags
Tags: Fontainebleau / Hotels / Carl Icahn / Vegas Business / Fontaine-Bust / Hotel Construction / → All Tags
The Fontainebleau Will Live On, Thanks to Carl Icahn
Finally some good news for The Fontainebleau, the half-finished resort next to Encore that has been struggling to find new financing. It turns out billionaire investor Carl Icahn is the winning bidder for the property, which developer Jeffrey Soffer drove into bankruptcy last year.
Yet, don't expect the hotel to open any time soon. The WSJ reports:
Mr. Icahn said in an interview that he hasn't determined whether or not he will slowly gear up to restart construction on the Fontainebleau, or keep it mothballed for some time. People familiar with the project say even that would be costly. They estimate that heating, cooling, security and taxes would run about $1.5 million to $2 million a month on the property Mr. Icahn said he doesn't believe he will be able to raise much financing for construction. His firm could finance the construction itself if it wanted to, he said.
Tags: CineVegas / Recession / Vegas Business / Movies / Closings / → All Tags
CineVegas Puts 2010 Festival On Hold
While this year's CineVegas film festival was a fairly big success--actor Willem Dafoe made his first trip to Vegas ever by attending the international film fest--it looks like it just wasn't enough to keep it going. CineVegas announced earlier today that it would not be holding a 2010 festival. Festival president Robin Greenspun of Greenspun Media Group (which owns the LV Sun and LV Weekly), issued a statement saying:
“Given the current economic climate and the pressures it has created, we made the difficult decision to put CineVegas on hiatus for the coming year. CineVegas has become such a well-respected film festival, and rather than allow the economy to affect its level of quality we have opted to put the event on hold.”
Tags: Zappos / Tours / Tony Hsieh / Vegas Celebs / Vegas Business / → All Tags
What It's Like On the Zappos Headquarters Tour
A friend of VegasChatter did something we've been dying to do for a while--he took the Zappos.com Tour, a free behind-the-scenes look at the culture and the business of the Zappos headquarters in Henderson. Here's all that he saw. Enjoy!
The Zappos Royalty Tour
Ok, that’s not really what they call it. They actually refer to it as "an experience of the Zappos environment." I thought my name was more fitting. Where else but Zappos would you get to meet a cagillionaire, a life coach, have your photo taken wearing a crown as you sit on a royal throne, and learn how to take a company from zero to 1 billion dollars in sales in 10 years … all in 90 minutes? Needless to say, this is not your typical stodgy corporate tour.
It was actually a lot of fun, kind of like a pub crawl without the alcohol.
