Despite being 70 percent complete, construction of the $2.9 billion Fontainebleau Las Vegas was halted in mid-2009 due to financial woes. Today, the abandoned project sits collecting dust, with completion nowhere in sight.
Nationwide, the economy might be on the upswing, leading to more construction work. Las Vegas, however, has yet to bounce back. High unemployment, less discretionary spending, and fewer visitors have stalled several local building projects, including Fontainebleau Las Vegas. Despite being 70 percent complete, construction of the $2.9 billion tower was halted in mid-2009 because the owners were unable to scrape together the money needed to finish the final leg of work. Today, the abandoned resort sits collecting dust, with completion nowhere in sight.
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