Thanks to the Vdara Death Ray, the big-ass garage sale Carl Icahn is holding at Fontainebleau has dropped off the news pages. But one blogger asks, What about those iMacs in every F-blew hotel room? To which I might add: Now that’s he stripping F-blew for parts, thereby further reducing its resale value, how great are the chances Icahn will blow the damn thing up? Pretty good, I’d say.
My promise to you: A free Tex & Edna Boil video with every S&G item about Uncle Carl’s Carpet Warehouse, or whatever we should call what used to be F-bleau and is now officially F-blew.
F-blew sits on around 25 acres of land and Carl Icahn paid $156 million dollars to buy it in January of 2010. Divide that out and it comes out to about $6.2 million dollars per acre. With a height of over 700 feet and around 3800 rooms F-blew might have more value if the lot was empty so Carl Icahn might blast the place to outer space. If F-blew does not get imploded maybe they could film a movie there, like Jack and the Beanstalk.
I had no illusions that Fontainebleau would be the next big thing, as a matter of fact, I thought if they got it open it would only be a matter of time before their debt forced them to sell anyway, but I’m a bit disheartened that it’s not going to go up. Especially considering the exterior seems fairly close to completion.
I’d figure at it’s worst, Carl could have brought in a partner to furnish and then share in the profits of an IP style (albeit new) property.
Let’s hope at least if he decides to implode it, that it doesn’t take 5 years for him to do that. I wonder if it’s like an ex, where you have to destroy the memory of it to move on, perhaps every time Uncle Carl sees a picture of the structure it pains him.
More Tex & Edna!
Recycle the building-maybe sell some of the land then make a nice park either way it will make money some how some where