Mothballed Las Vegas Strip casino-hotel on market for $650M - FOX5 Vegas - KVVU

Mothballed Las Vegas Strip casino-hotel on market for $650M

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The Fontainebleau on the Las Vegas Strip, seen under construction in this undated photo. (FOX5) The Fontainebleau on the Las Vegas Strip, seen under construction in this undated photo. (FOX5)
LAS VEGAS (AP) -

The billionaire investor who bought the unfinished Fontainebleau Las Vegas out of bankruptcy in 2010 for $150 million is selling the long-mothballed casino-hotel for $650 million.

CBRE Las Vegas executives John Knott and Michael Parks announced Wednesday that their firm is listing the 63-story tower at the north end of the Las Vegas Strip for property owner Carl Icahn and his firm, Icahn NV Gaming Acquisition LLC.

Construction of the $2.9 billion, 3,900-room property stopped in 2009, about two years after privately held Fontainebleau Resorts LLC began work in February 2007.

County lawmakers last week ordered part of the 730-foot tower covered up to mask unsightly gaps in the blue-glass facade.

Officials assured the Clark County Commission that monthly inspections have found no structural risks.

Copyright 2015 The Associated Press. All rights reserved.

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