Soffer and partner Brett Mufson, president of Fontainebleau Development, also were recommended suitable to operate the resort. Ownership returned to Soffer in February 2021 with a partnership with the real estate division of Kansas conglomerate Koch Industries. The building’s ownership changed hands several times, including a stint during which corporate raider Carl Icahn held it as an investment. But the financial crisis that began in late 2007 led to Soffer abandoning the project in 2009.

The $3.7 billion, 67-story resort - the tallest occupiable structure in the state - was first proposed by Fontainebleau Development CEO Jeffrey Soffer in 2005, and construction began two years later. Owners plan to open the 3,644-room resort with its 173,000-square-foot casino on Dec. 16 meeting, Fontainebleau and its top executives would be licensed to operate after Wednesday’s vote. If the Nevada Gaming Commission concurs at its Nov. (Las Vegas Review-Journal/File)įontainebleau, the hulking blue north Strip skyscraper that has been a symbolic reminder of the Great Recession, took a major step toward rebounding to the casino-resort developers initially envisioned with a unanimous recommendation of approval from the Nevada Gaming Control Board. Fontainebleau Las Vegas is seen Thursday, July 13, 2023, in Las Vegas.

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