It's a bitter sweet taste for Las Vegas economic recovery. On friday October 2nd a bankruptcy Judge ordered Fontainbleau's attorneys to provide them with a clear cut reason why they should not proceed with the liquidation of the distressed Las Vegas High Rise Condo Hotel project. The Las Vegas Sun wrote an excellent report detailing the events that took place on Friday October 2nd in court for the Fontainbleau Las Vegas High Rise Condo Hotel Casino development. A Quick snip it that was quoted in the Las Vegas Sun's article was this "The court believes it is more expeditious to proceed with any potential sale as soon as possible rather than to wait until Oct. 28, when a trustee, if appointed, would be required to expend a significant amount of time to obtain counsel, familiarize himself or herself with this case and effectuate a sale," Cristol said in his order.(Cristol is the Bankruptcy Judge) To read the full article about the Fontainbleau Las Vegas High Rise Condo Hotel project Follow the Link Highlighted.
Sunday, October 4, 2009
Fontainebleau Las Vegas Project Order To Sell By Court
12:39 PM
Makea Turner
