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Near-Complete Fontainebleau Las Vegas Files for Bankruptcy

In another sign of the credit crunch's ongoing effects on the meetings and incentive travel industry, the massive Fontainebleau resort-casino-condo project in Las Vegas has sought Chapter 11 protection from creditors.


June 11, 2009

In another sign of the credit crunch’s ongoing effects on the meetings and incentive travel industry, the massive Fontainebleau resort-casino-condo project in Las Vegas has sought Chapter 11 protection from creditors.

In the case of the $3-billion Fountainebleau business-meeting-venue project, it was the Lehman Bros. bankruptcy that led to problems financing the resort, casino and 300,000-sq.-ft. mall, the South Florida Business Journal reports.

To read the full article, visit USA Today’s website



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