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Nevada: The Stupid State
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They burned the Monte Carlo ... and may get away with it
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Posted At : June 10, 2009 09:45 AM | Posted By : D McKee
Related Categories:
Wall Street,Current,The Strip,Fontainebleau
"It is unfortunate that our lenders forced us to take this step. ... Our goal now is to secure funding to complete this world-class project and restructure our existing debt." -- Fontainebleau Chief Restructuring Officer Howard Karawan, on the project's June 9 bankruptcy filing.
"What Las Vegas Vacationer wants to stay in what looks like an 1970's IBM office tower? the kids will be in the back seat crying and screaming 'Please Dad, not there'." -- Las Vegas Sun reader rejco100. S&G usually doesn't reprint anonymous Internet comments but this one was too damn clever to overlook.
How deep is the doo-doo when your company has to have a "Chief Restructuring Officer"?
That made me think of a great nickname for Fountainbleau "Big Blue"
It shall be entered into the S&G lexicon forthwith. Thank you!
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