Trouble for Fontainebleau

admin — Mon, 23 Feb 2009 03:42:56 +0000

One thing is for certain, you have to play the odds in Las Vegas. Last month, it was reported that the Turnberry’s Fontainebleau was ahead of the curve in financing. With so many projects falling into limbo half completed, unable to get financing, Fontainebleau had reported that they would be able to complete the project.

Now the future of the project is not looking as rosy. An article in the Las Vegas Sun is stating that Fontainebleau may have trouble making payments. The recent downturn in the economy coupled with the location of the project has contributed to the reduced rating by S&P. Even though Fontainebleau will have roughly 1,000 condos for sale, the expected revenue will not be enough.

So will Fontainebleau beat the odds?

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admin — Thu, 16 Oct 2008 16:58:59 +0000

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Trouble for Fontainebleau

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