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It’s a wrap: Fontainebleau gets a makeover

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Clark County confirms for News 3 that a portion of the Fontainebleau, the unfinished resort stalled by the Great Recession, will get a cosmetic wrap.

Anything helps, says Julie Michels, visiting Las Vegas with her husband.

“Well, it's kind of dilapidated and needs to be fixed up,” she told me, as she looked at the towering 68-story structure.

RELATED | County can do little to remove unfinished eyesores

The Fontainebleau is in county commissioner Chris Giunchigliani's district, describing the makeover that will be coming.

“It's blue, white greys, some of it's a wrap, some of it's wood. It's better for them. It will last longer,” the Commissioner told me.

The county approved the plan last week. Giunchigliani says the wrap will cost owner Carl Icahn a couple million.

“Our codes don't require completion dates. They require commencement dates and they are to commence now,” Giunchigliani said, referring to when work will begin.

News 3 contacted Icahn’s New York City office for comment but did not receive a callback.

Icahn bought the bankrupt three billion dollar resort for pennies on the dollar in 2010.

In 2015, he put it on the market for $650 million.

No buyers yet, but the north strip is beginning to surge.

The Lucky Dragon is finished. Resorts World is about to start. All Net Arena is moving dirt.

Amid that activity, the Fontainebleau stands unfinished and foreboding.

Across the street I ran into Paula and Malik Khan, visiting from Bethesda, Maryland.

I asked them if the mass of exposed metal and blue glass makes them think twice about walking this far down Las Vegas Boulevard.

“When we walk through an area with something like that, something about it makes me feel unsafe,” Paula Khan told me.

Which is bad for business.

“I think it's been a real eyesore down there so I think it would help all of the properties on that end,” says UNLV David Schwartz, the Director of the Center for Gaming Research.

Bottom line: Wrap to the rescue.

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