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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