JohnnyQ
JohnnyQ
Joined: Nov 3, 2009
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November 12th, 2015 at 2:56:08 PM permalink
If the asking price is $ 650 Mil, I wonder what they would take. If 325 of us each put in $ 1 mil.....

Article on Yahoo

edit: Sorry 'bout the spelling in the Title. I guess it is "Fontainebleau".
Like the castle in its corner In a medieval game; I foresee terrible trouble And I stay here just the same
GWAE
GWAE
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November 12th, 2015 at 3:04:50 PM permalink
I was surprised to see a guard at the gate last month. How much are they spending a month on a property that is not useable.
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GWAE
GWAE
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November 12th, 2015 at 3:06:00 PM permalink
Quote: JohnnyQ

If the asking price is $ 650 Mil, I wonder what they would take. If 325 of us each put in $ 1 mil.....

Article on Yahoo

edit: Sorry 'bout the spelling in the Title. I guess it is "Fontainebleau".



I will take 1/1000 of a share if anyone wants to go splitsies.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
terapined
terapined
Joined: Dec 1, 2012
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November 12th, 2015 at 4:25:45 PM permalink
It was bought on the cheap
With the improving economy seller wants to see if anybody bites.
If I had the money, I would stay away.
I just don't think that area of the strip will ever generate the foot traffic needed to survive in Vegas
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JohnnyQ
JohnnyQ
Joined: Nov 3, 2009
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November 12th, 2015 at 4:58:18 PM permalink
Quote: terapined


I just don't think that area of the strip will ever generate the foot traffic needed to survive in Vegas

I wonder if converting 1/2 of it into upscale condos would make financial sense for a developer ?
Like the castle in its corner In a medieval game; I foresee terrible trouble And I stay here just the same
Wizard
Administrator
Wizard
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November 12th, 2015 at 5:06:28 PM permalink
650M sounds high to me. Lousy location and has a lot more work to be done to finish it.
It's not whether you win or lose; it's whether or not you had a good bet.
terapined
terapined
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November 12th, 2015 at 5:51:06 PM permalink
Quote: Wizard

650M sounds high to me. Lousy location and has a lot more work to be done to finish it.



Can they finish it?
I was under the impression that the whole thing has to come down
I heard it could of been finished a couple years after work stopped.
But now I think its deteriorated to the point it has to come down first.
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NokTang
NokTang
Joined: Aug 15, 2011
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November 12th, 2015 at 8:14:27 PM permalink
Quote: terapined

Can they finish it?
I was under the impression that the whole thing has to come down
I heard it could of been finished a couple years after work stopped.
But now I think its deteriorated to the point it has to come down first.



How does concrete deteriorate ?
Ibeatyouraces
Ibeatyouraces
Joined: Jan 12, 2010
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November 12th, 2015 at 8:35:39 PM permalink
Quote: NokTang

How does concrete deteriorate ?


Come to Detroit and see the roads and you'll find out how.
DUHHIIIIIIIII HEARD THAT!
GWAE
GWAE
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November 13th, 2015 at 12:29:50 AM permalink
When we walked by it last month you cold see some worrisome things like unfinished stucco like material. My guess is they would have to remove all materials down to concrete and steel. I am not an engineer but that is my guess. As long as they don't hire the Harman engineers they will be fine.
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