Miami Beach Fontainbleau Deep In Debt

Miami Beach Fontainbleau Resort HotelMiami Beach Fontainbleau Hotel may face a judgement of default on unpaid contractor bills, according to a report by the Wall Street Journal yesterday. Lenders had previously agreed with the Fontainbleau not to declare, for 45 days, $670 million of construction debt to be in default; the agreement expired August 31.The Fontainbleau violated the terms of its