LVCVA moves on after deal to build Strip resort fails; land back on market

Monday, January 16, 2023 9:03 PM
  • Richard N. Velotta, Las Vegas Review-Journal

The books have been closed on the failed deal that would have brought a 50-story, 2,000-room resort next to the Fontainebleau Las Vegas.

Las Vegas Convention and Visitors Authority President and CEO Steve Hill delivered some closing remarks last week about the termination of the $120 million deal that once held a lot of promise for the Strip.

Chilean billionaire Claudio Fischer, a former commercial airline pilot who developed the Monticello casino resort near Santiago, Chile, and the Park Hyatt Mendoza hotel-casino in Argentina and has real estate holdings in Panama, was set to buy 10 acres where the Riviera once stood.