battles creditors Miami Herald
More than 30 construction companies, designers, installers and others hired for the $500-million renovation of South Florida's largest resort have filed court claims totaling nearly $65 million--the result, they say, of bills still unpaid nine months after the 1,504-room oceanfront property reopened amid a global financial crisis.
The litigation adds to the pressure facing Jeffrey Soffer, the Aventura developer who launched both Fontainebleau projects at the height of the real estate boom. His lawyers are suing to force major banks to resume funding construction on the stalled Vegas Fontainebleau, while lenders say the 3,800-room tower on the Strip isn't worth enough to justify more construction dollars.
And while that fight unfolds in a Miami bankruptcy court, a parallel legal battle is under way mostly in Miami-Dade civil court. Click here to read more from the Miami Herald.
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