Fontainebleau bankruptcy

The Fontainebleau, soaring 60-plus stories above Las Vegas Boulevard, was supposed to open in 2009. Instead it went bankrupt that year. The roughly $3 billion resort was about 70% complete around the time of the bankruptcy. In 2010, billionaire Carl Icahn bought the mothballed tower for just $150 million. Developer Steve Witkoff bought it in 2017 for $600 million, renamed it the Drew Las Vegas and plans to open it in 2022.