- js reader version
- view hidden posts
- tags and related articles
by David Curtis
Tuesday, Sep. 01, 2009 at 10:41 PM
A formal comparison of the original Fontainebleau to the Las Vegas knock off and recount of funding issues
I remain mostly ignorant of the specifics of this project, referring to it for months as the "big blue thing".
“Inspired by architect Morris Lapidus whose daring design ideas defined Fontainebleau Miami Beach for more than half a century, the new Fontainebleau brand is equally bold, inventive and inspiring.” -Fontainebleau LLC Web Site
Formal comparison of the Lapidus designed Miami original to the Bergman Walls & Associates, Paul Steelman, and Zapata Associates designed Las Vegas knock-off:
Miami: 12 or so stories, gentle, consistent, curve-in-plan tower with expressed horizontal white balconies. A low-rise feel, the drive up sequence is simple, obvious. The space protected by the curve of the tower is directly adjacent to the beach/ocean views.
Las Vegas: 63 stories, bent, segmented, curve-in-plan tower, directionally neutral blue glazing,
no expressed balconies, no operable windows. The signature space adjacent to the curve faces North and the tower is much taller so the experience would be more like being at the base of a shear cliff. Definitely a vertical feel. The space “protected” by the tower indirectly connects to the Strip with a very strong view to the Stratosphere tower.
“I'd be interested in seeing the entire set of renderings for these, because it could go one of two ways: either its going to be very cramped, or its going to a well-planned counterpoint to the traditional sprawl of massive casino floors. I'd really want to see the project in its entirety before passing even preliminary judgement.” -comment by “Dave” in 2007 on the blog Two Way Hard Three
Financing estimates for the project -- not including equity investments -- have ranged up to .2 billion.
How much funding is necessary to finish the enclosure, to finish in general? (30% of 3.2 billion is .9 billion, so something less than 900 million ought to do it). The project is approx 70% complete according to a recent LVRJ article. It seems investors would want to complete the enclosure regardless of the project outcome to protect the interior.
It seems fair to say the funding structure (portions now in court-ordered mediation) for the project is complex. One assumes portions of the intact funding seem to be going to increasing legal/mediating costs rather than construction completion. It is not known what percentage of the project is legal fees and how that percentage compares to that originally budgeted for legal fees.
“interpretation of a key lending contract at the heart of the lawsuit” -LVRJ
Word use, language in the contract, is being argued to determine if there exists or does not exist default, and if bank(s) are justified in withholding portions of the financing.
The concept of default, in general, seems mostly to favor scavenger entities hoping to pick up projects/property at a price other than what the original venture participants committed to.
Questions: Will the work be completed? And if so by whom? If they build it will they come?
What caused the default(s) on the loan(s)? Stay tuned
Report this post as:
Change Links September 2018 posted
More Scandals Rock Southern California Nuke Plant San Onofre
Site Outage Friday
Change Links August 2018
Setback for Developer of SC Farm Land
More problems at Shutdown San Onofre Nuke
Change Links 2018 July posted
More Pix: "Families Belong Together," Pasadena
"Families Belong Together" March, Pasadena
Short Report on the Families Belong Together Protest in Los Angeles
Summer 2018 National Immigrant Solidarity Network News Alert!
Watch the Debate: Excluded Candidates for Governor of California
Change Links June 2018 posted
The Montrose Peace Vigil at 12 Years
Unity Archive Project
Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi
CA Senate Bill 1303 would require an independent coroner rather than being part of police
Three years after OC snitch scandal, no charges filed against sheriffs deputies
California police agencies violate Brown Act (open meetings)
Insane Company Wants To Send Nuke Plant Waste To New Mexico
Change Links May 2018
Worker-Owned Car Wash on Vermont Closed
GUIDE TO REBEL CITY LOS ANGELES AVAILABLE
lausd whistle blower
Help KCET and UCLA identify 60s-70s Chicano images
UCLA Luskin: Casting Youth Justice in a Different Light
Change Links April 2018
More Local News...
Addendum: Benjamin Tucker American Mutualist: Tucker Did Not Advocate Voting in Businesses
OUR HOUSE Grief Support Center Celebrates 25 Years with the House of Hope Gala
Against the Rent Madness and For a Nonprofit Orientation!
Cybermonde, cyberguerre, cyberespace, cyberterrorisme
Paraphysique de psychosomatique
Chuck Grassley: Women Abusing, Animal Murdering, Illegal War Supporting Criminal
Finance Capitalism and the Digital Economy
Muselières syndicales, muselières patronales
Jeff Bezos, Amazon, The Washington Post, Whole Foods, Etc
Why Choose Nut Milk Over Cows' Milk
Antrhopocène, le grand effondrement
The Dictatorship of Corporations
18 Lethal Consequences Of Hunting
Paraphysique de l'outplacement déontologue
Shopping du bashing
After Lehman Brothers, Experts Say Global Financial Crisis Can Happen Again
“Animaniacs in Concert!” Starring Voice Legend Rob Paulsen
Probabilités de fin d'humanité
Florida Area of Migrant Farmworkers Denied Right to Construct Health Clinic near NaplesCIW
Steer clear of work morality!
The Shortwave Report 09/07/18 Listen Globally!
August 2018 Honduras Coup update
Brett Kavanaugh Filled The 5th Circuit With Execution Judges
Augusta Georgia Woman Gets 5 Year Prison Sentence for Writing About Russians Crime Acts
Paraphysique de contextualité
Crisis Regulation in Global Capitalism
Ex-voto de réification
More Breaking News...