Good News and Bad News Regarding the Fontainebleau Las Vegas High Rise Condo Hotel Project

Here's the good news regarding the Fontainebleau high rise condo project: their preview center opened last week and officials for the $2.9 billion mixed-use development say their 3,815-room project is on schedule and will be ready to open in less than a year. That's pretty good news, if you can believe it.

Here's the problem: according to an article published today in the Las Vegas Review Journal, the project officials have not made themselves available for interviews and are issuing these rosy statements via company spokespeople. That's not good. Something's up with that, I think - and that's the bad news.

After all the "branding" and the "incredible media exposure" this project is receiving, why won't Fountainbleau CEO Howard Karawan or any other high level company execs make themselves available for the tough questions that surely need to be asked regarding the feasibility of this project.

What's really interesting is that in the very same edition of the Review Journal, there's a story about how construction has stopped on Alex Edelstein's Manhattan West mixed use mid rise condo project. If you follow the Las Vegas condo market, you'll know Mr. Edelstein has made countless statements similar to the one issued by the Fountainbleau insuring people his project will be completed on schedule - but at least he did it in person.

I like the idea and the vision for Fountainbleau, especially it being designated a "Green" building, and I'm keeping my fingers crossed for more good news about this project. But from what I've seen and heard lately, I have a feeling they'll be issuing more press releases - and not in a good way.