Ending weeks of speculation, the Fountainbleau project in Las Vegas and two of its affiliates filed for Chapter 11 bankruptcy protection in Florida on Tuesday.
The $3.1 billion mixed-use project that’s 70 percent complete, owned by Miami-based Fountainbleau Resorts, listed more than $1 billion in assets against more then $1 billion in estimated liabilities.
The filing noted that the developer has between 1,000 and 5,000 creditors.
Fountainbleau Las Vegas was designed as a 3,815 room hotel-condo-casino project with a large retail center, restaurants, spa and other amenities.
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