Fountainebleau Mixed-Use Project Goes Belly Up in Las Vegas

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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