Thursday, January 12, 2012
Epic Failure - Fontainebleau
Fontainebleau Las Vegas was a massive 3900 room casino that originally was supposed to open in October 2009. More than $1.6 billion has already been spent on the project.
However, the developer ran out of money in 2009. Carl Icahn purchased the project at a bankruptcy sale for only $150 million. It will cost at least $1 billion to finish the project.
Construction was halted with only a couple of floors left to enclose the curtain wall at the top. Birds have infiltrated the top 2 floors. Extensive water damage has occurred. The building will likely sit for about 10 years before it is demolished.
Epic failure!
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