Many believed it would never be finished and eventually torn down. The unfinished edifice was regarded as an eyesore by those who encountered it day in and day out. It stood as a costly reminder of the Great Recession, which hit Southern Nevada hard. What was planned as the tallest tower in the state of Nevada, at 67 stories, remained in limbo for 12 years, 70 percent complete. By the following year, banks collapsed, funding dried up, lawsuits were filed and construction stopped. Intended to be the sister property of the legendary Fontainebleau Miami Beach hotel - the southeast stomping grounds of Rat Pack legends like Frank Sinatra and Sammy Davis Jr, regarded as America’s first mega-resort - the Fontainebleau Las Vegas broke ground under Soffer’s direction in 2007. He acquired the land in 2000.Ī Remade Las Vegas Gears Up for F1 Weekend Amid Weather and Price Controversies and Canceled Practice Session “It could be a very good book or movie,” Soffer says of the dramatic sequence of events surrounding one of the greatest comeback stories in the history of the hospitality business. The cinematic quality of the long journey to open the doors of Fontainebleau Las Vegas is not lost on Jeff Soffer, the resort’s chairman and CEO.
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