Fontainebleau Facts & Figures
- Cost: Approximately $3 billion
- Opening: 2009
- 4,000 rooms
- 100,000 square-foot casino
From the Vegas4visitors Weekly Update of June 18, 2007:
Big Bucks for Fontainebleau
It’s been talked about for years but it looks like the Fontainebleau project is finally going to move forward with the announcement that the company behind the resort has secured more than $4 billion in financing. Although early stabs at construction on the property, located at the former El Rancho site just north of The Riviera, began in February, it wasn’t until this line of credit was secured that people really believed there would ever actually be a real building there. The Fontainebleau will be modeled after the famed Miami resort of the same name and will feature nearly 4,000 rooms, a casino, a theater, restaurants, convention space, and more with a price tag estimated to be in the $3 billion range. The rest of the line of credit will go toward sprucing up the Miami hotel at the same time. The Vegas version is currently set for a late 2009 bow.
From the Vegas4visitors Weekly Update of April 2, 2007:
Fountainbleau Update
Plans for a multi-billion resort based on the famed Miami hotel of the same name have been in the works for years but little has happened on the site just north of The Riviera where the old El Rancho used to be located. Despite a long-passed date for construction and opening, the project is still on track according to the people behind it, one of whom is a very well-respected Vegas hotel executive who used to be in charge of Mandalay Resorts Group. He says they are actively raising the capital and hope to have work started before the end of 2007.
From the Vegas4visitors Weekly Update of May 23, 2005:
Fountainbleau Set For Strip
The famed Miami Beach resort Fountainbleau will get a Las Vegas sister with the announcement of a $1.5 billion development on The Strip just north of The Riviera and south of The Sahara. Set for the now vacant land that used to be home to The Silverbird (and later El Rancho) and Algiers, the project will evoke the namesake original with a luxurious Miami Beach theme, 4,000 rooms (include many condo units), a casino, and all of the requisite Strip resorts bells and whistles. It’s still in the planning and money-raising phases so anything could happen between now and shovel turning, but if all goes according to plan construction will commence later this year and be complete by 2008.
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