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Old September 5th, 2011, 11:20 PM   #401
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It s so fat, boring and ugly ... This poor clading stinks 90's ...
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Old September 6th, 2011, 08:21 AM   #402
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you sound jealous. i bet that whatever place youre from doesnt have a building that looks this nice.
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Old September 8th, 2011, 04:55 AM   #403
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Fontainebleau Las Vegas developers fight ‘vulture investors’ lawsuit

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Heavy hitters in the worldwide casino and real estate industries have flooded a Nevada court with legal briefs denying they’re responsible for the failure of the $2.9 billion Fontainebleau Las Vegas casino resort development.

The briefs were filed in a lawsuit initiated March 25 in Clark County District Court by a group of about 45 corporate investors in Fontainebleau’s $2.84 billion credit facility.

Construction on Fontainebleau was halted in the summer of 2009, and its initial developer, Fontainebleau Las Vegas, filed for bankruptcy after banks halted funding for what had been envisioned as a $2.9 billion, 3,815-room resort.
More: http://www.vegasinc.com/news/2011/se...ght-vulture-i/
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Old September 8th, 2011, 04:57 AM   #404
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Las Vegas: A tale of two hotels

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"It's disheartening to see the cranes just sitting there with their booms on the ground and nobody on the construction site."

Robert Van Ausdal has worked in the construction business in Las Vegas for fifteen years and has witnessed first-hand the dramatic collapse of the industry.

He is describing the construction site of the Fontainebleau, a 63 storey mega-hotel.

The planned development featured more than 3,800 rooms - but construction was halted in the spring of 2008 with the hotel around 70% complete.
More: http://www.bbc.co.uk/news/business-14792312
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Old September 8th, 2011, 12:03 PM   #405
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American proudly presents Ryugyong Hotel Redux! Tearing your dreams apart since 2007.
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Old September 8th, 2011, 01:00 PM   #406
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Shame about this as it would bring some much needed civilisation to that end of the strip. Was there a few days ago and the only shot I got was from the Stratosphere. Didn't actually know what it was and assumed it was on its way to completion... clearly not!



Definately a huge mass of a building.... althought quite a bland one compared to some of the others it will be competing against if its ever finished.
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Old September 8th, 2011, 11:15 PM   #407
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Quote:
Originally Posted by krkseg1ops View Post
American proudly presents Ryugyong Hotel Redux! Tearing your dreams apart since 2007.
Well, there are some similarities, but more differences.

1) It isn't a concrete shell
2) it isn't a supertall in a city of mostly 20-30 floor buildings
3) it hasn't been abandoned for 15 years (yet)
4) no one has airbrushed it out of Las Vegas Photos (that I know of)
5) private companies vs. government built
6) Ryugyong has better style
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Old September 8th, 2011, 11:16 PM   #408
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^ what is the giant unfinished 'box' directly to the left of the hotel in that picture?
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Old September 8th, 2011, 11:29 PM   #409
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Quote:
Originally Posted by Scrapernab2 View Post
^ what is the giant unfinished 'box' directly to the left of the hotel in that picture?
I believe it is a finished parking structure.
Ugly (as most parking structures are), but finished.
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Old September 9th, 2011, 12:10 AM   #410
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In a decade Vegas can turn this building into the biggest and most exciting indoor paintball and lasertag scenario in the world.
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Old September 10th, 2011, 02:07 AM   #411
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I recently read a Las Vegas Sun column advocating for the Sahara to become the new state capitol building. I think the Fontainebleau has a very "political" look to it and wouldn't mind if it was made the new capitol building. I know, I know-Wishful thinking. But it's past time that Las Vegas residents had to travel 450 miles to get to their capital. As the article mentioned, that's like a citizen of Boston having to travel to Harrisburg. With so many empty structures in Vegas, this is a novel idea in my mind. Feel free to viciously destroy my wish.
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Old September 22nd, 2011, 11:13 AM   #412
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I would destroy your wish, but only because I agree with another poster and wish it to be turned into a huge lasertag/paintball arena.
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Old September 22nd, 2011, 11:15 AM   #413
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With all of its furniture sold to the Plaza, I don't think they'll finish it anytime soon, by the way.
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Old October 17th, 2011, 06:52 PM   #414
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I found an article from last year that spells it out:

Las Vegas Sun

Quote:
Carl Icahn: Fontainebleau to sit idle until economy improves
By Steve Green (contact)

Thursday, Aug. 5, 2010 | 8:48 a.m.



Three pieces of news emerged today about the massive, unfinished Fontainebleau casino resort on the Las Vegas Strip:

--Investor Carl Icahn, who bought Fontainebleau out of bankruptcy in February, confirmed that there are no immediate plans to restart construction on the resort.

--Despite talk that he may sell the property, Icahn indicated he plans to hold on to the asset until business conditions improve.

--Icahn has already gained -- on paper -- a $52 million profit on the property.

Today's disclosures by one of Icahn's companies, Icahn Enterprises L.P. of New York, are significant because they are the first official word from Icahn since the Las Vegas Sun reported in June that a contractor, Taylor International Corp., had pulled $1.2 billion in construction permits for the resort.

Icahn and Taylor International at that time declined to address whether construction would resume anytime soon on the property on the northern stretch of the Las Vegas Strip, between the Riviera and the Sahara hotel-casinos.

Construction on Fontainebleau was halted last summer and its initial developer, Florida-based Turnberry Associates, sought bankruptcy protection for Fontainebleau Las Vegas after banks halted funding for what had been envisioned as a $2.9 billion, 3,815-room resort.

The project was hurt by declining revenue projections because of the recession, an associated lack of condominium sales and cost overruns. Costs to finish the project could reach $1.5 billion, bankruptcy court filings revealed.

"Our real estate segment intends to secure the former Fontainebleau property until market conditions improve," Icahn Enterprises said in a regulatory filing today regarding the unfinished building and 25 acres of land.

[...]
Carl Icahn is a billionaire corporate raider and activist shareholder. He could easily afford to finish the Fontainebleau if he wants.
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Old February 7th, 2012, 06:23 AM   #415
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Investors unearth records in alleged Fontainebleau cost overrun coverup



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Investors suing over losses at the stalled $2.9 billion Fontainebleau Las Vegas casino-resort say they’ve uncovered startling internal documents detailing how its developer allegedly covered up cost overruns and other problems at the project.

Among them, according to documents filed by attorneys last week in a Clark County District Court lawsuit, are internal memos recovered from Turnberry West Construction Inc., Fontainebleau’s general contractor. One memo details how Fontainebleau executives, including owner Jeff Soffer, allegedly directed Turnberry West to manipulate cost estimates so the executives could hide cost overruns and meet the project’s budget. Up to $450 million in allegedly hidden cost overruns are at the heart of the lawsuit.

Investors holding $700 million of Fontainebleau’s debt are the lawsuit plaintiffs. They say Fontainebleau never would have been allowed to borrow that money if the lenders would have been aware of the cost overruns. That’s because cost overruns would have been a signal Fontainebleau was on track to fail and the lenders wouldn’t be repaid.

The numbers had to be manipulated, the investors charge in the lawsuit, because Fontainebleau as designed couldn’t be built with its construction budget — and this fact allegedly was hid from lenders who financed the project.

-------

Work on the 3,815-room hotel-casino was halted in 2009, Soffer put it into bankruptcy protection and some 3,000 construction workers lost their jobs. Investor Carl Icahn eventually bought the unfinished project out of bankruptcy with plans to hold on to it until the economy turns around.

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Old February 7th, 2012, 05:16 PM   #416
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at least it's on the skyline already

why is it in the proposals section, it should at least be in U/C
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Old February 7th, 2012, 09:43 PM   #417
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Quote:
Originally Posted by Manitopiaaa View Post
I recently read a Las Vegas Sun column advocating for the Sahara to become the new state capitol building. I think the Fontainebleau has a very "political" look to it and wouldn't mind if it was made the new capitol building. I know, I know-Wishful thinking. But it's past time that Las Vegas residents had to travel 450 miles to get to their capital. As the article mentioned, that's like a citizen of Boston having to travel to Harrisburg. With so many empty structures in Vegas, this is a novel idea in my mind. Feel free to viciously destroy my wish.
That would only make sense if Nevada needed a new state capitol building. Does it? I haven't heard so.
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Old February 9th, 2012, 06:54 AM   #418
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So again, the building is topped off, someone needs to move it from the proposals section.
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Old February 9th, 2012, 09:55 AM   #419
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can they at least put some kind of lighting on it at night, the tallest building in this city is not visible at night
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Old February 9th, 2012, 11:26 AM   #420
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Quote:
Originally Posted by Jay View Post
So again, the building is topped off, someone needs to move it from the proposals section.
No. Buildings that are on hold belong in the proposed section.
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