Another lavish multibillion-dollar Las Vegas Strip resort project has suffered a recession-related setback: On June 9, the $3.1-billion Fontainebleau Las Vegas, which is about 70% complete, filed for Chapter 11 bankruptcy protection. Construction of the 63-story hotel-casino-retail complex is now halted. Photo: Luetta Callaway/ENR Mega-project’s craft workforce dropped from 3,300 to 250 in recent months. Scheduled to open in October, the project is being built by Fontainebleau Resorts LLC, an investment group led by Miami-based developer Jeffery Soffer, who also owns the famed Morris Lapidus Fontainebleau hotel in Miami Beach. It so far has invested over $2 billion in the
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.