Doubts Are Cast on Value of Las Vegas's Fontainebleau | wsj.com
Bankrupt Project Could Need an Additional $2 Billion, Potential Bidder Says, and Pay-Off Is Long Way Off. The Fontainebleau the luxury hotel and casino development at the northern end of the Las Vegas Strip, sits more than half-finished after falling into bankruptcy in June. But as potential suitors consider rescuing the project, they are facing a grim reality: It may not be worth the money it would cost to complete it. More than $2 billion has already been poured into construction.
