Monday, Oct. 17, 2011 | 6:35 p.m.
Philly.com writes about how the Plaza Hotel and Casino, which is in downtown Las Vegas, was able to capitalize on the foreclosure of a halted luxury Strip casino , the ill-fated Fontainebleu, and do an extreme make over to its 1,000 rooms and suites.
"In these trying economic times, financial calamities for some have been rare opportunities for others, as in one person's foreclosure can be another's bargain of a lifetime.
"The same has been true in Las Vegas.
"The Plaza Hotel and Casino, a 40-year-old gambling hall in downtown Vegas, is emerging from a transformation helped in large part by a halted luxury casino project on the Strip.
"When work stopped on the upscale but financially troubled Fontainebleau, all its interior furnishings - furniture, carpets, fixtures, marble, and granite - were up for grabs. The Plaza grabbed."
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