Boyd Retains Stardust Name

 BigHoss posted on Tuesday, 12th March 2013 - 1:17 pm

Is it too far out to wonder if $BYD might consider taking the $350 million from the Echelon transaction and use it to buy the unfinished Fontainebleau from Carl Icahn who paid $150 million for it in 2010? And to use the remainder of the proceeds to finish and open the Bleau Monster?

 Chuckmonster posted on Tuesday, 12th March 2013 - 3:33 pm

Bleau Monster has a ring to it. They say it will cost a bil at least to finish that thing.

 vespajet posted on Tuesday, 12th March 2013 - 4:24 pm

When Icahn acquired the property in 2010, one of the initially bidders, Penn National say that it would cost at least $1.5 billion to complete it. Considering they gutted the interiors and sold off the furnishings, it's going to take way more than a billion to finish the resort. It may take more in the neighborhood of $2 billion to finish. Icahn will continue to sit on it until he's ready to either finish it himself or sell it off to someone else. Boyd's recent sale of the Echelon site to Genting as well as SLS Las Vegas actually getting underway may have Icahn looking into his options again. It may take MGM Resorts jumping into the fray and announcing plans for their parcels across the street before anything happens with Fontainebleau.

 JeffinOKC posted on Tuesday, 12th March 2013 - 5:10 pm

Thanks for the shoutout, Mr. Monster.

IMO, Fountainebleau will NEVER be finished. I think it is too big to be finished by anyone who is not 100% committed to the concept as it currently exists. And I don't think there is anyone alive who fits that category.
That, and I think it is soo God-Damned, Dog Fuck Butt Ugly that it is a blight on the Las Vegas landscape and should be removed as quickly as possible.

Peace be with you.

 SuperVegas posted on Tuesday, 12th March 2013 - 9:49 pm

I'd have to imagine the $350M price tag for 87 acres on The Strip would actually be a signal to Icahn to continue sitting. My guess is that it would take an operating SLS and thriving Resort World, as well as a MGM groundbreaking across the street, to get him to truly consider moving forward. So what's that over/under? Ten years?

 levans posted on Wednesday, 13th March 2013 - 12:03 am

Wat is Boyd keeping the name for?