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Legal Battles Pose New Hurdle To Finish Vegas Mega-Resort

Publication Date: 22-JUL-09
Author: Tony Illia
Format: HTML

    
Description:
The stalled $3.1-billion Fontainebleau development on the Las Vegas Strip, which filed for bankruptcy protection in early June, is facing mounting challenges in reaching completion. On July 14, Turnberry West Construction LLC, the project’s general contractor, sued the owner and its lenders in U.S. Bankruptcy Court in Miami on a hefty $675.3-million mechanic’s lien, including 15% interest.
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