Fontainebleau slows work, sues lenders

June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, p7
The article reports on a lawsuit filed by the $3.1 billion Strip resort Fontainebleau Las Vegas in Nevada against its lenders for reneging on a $800 million construction loan. It is noted that the 63-story project is about 70 percent completed and was set to open in October 2009. The lawsuit was filed by an investment group led by Miami, Florida-based developer Jeffrey Soffer on April 23, 2009.


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