LAS VEGAS, NV— Financier Carl Ichan has offered a high bid of $156 million
for the 3,800-room Fontainebleau Casino & Resort here.
Construction on the $2 billion project came to a halt earlier in the year. Fontainebleau Las Vegas, LLC, the original developer, which is owned by members of the family controlling Turnberry Associates, then filed for Chapter 11 bankruptcy protection.
The project, which is 70% completed, is scheduled to be auctioned next month.
The Icahn bid was first reported by Reuters.
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