It may take another $1.5 billion to complete the bankrupt Fontainebleau Las Vegas, leaving a project that would be burdened by debt almost twice what appraisers say the resort is worth.
These are just some of the grim details beginning to emerge in recent court documents filed in Miami bankruptcy court by Bank of America and other lenders. Bank of America Senior Vice President Henry Yu, a specialist in corporate work-outs, states that Fontainebleau had been ''insolvent'' since March, well before last month's bankruptcy filing.
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