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
|