Deutsche Bank, who foreclosed on the Cosmopolitan project last year, is offering to refund up to 74% of the deposit money that would-be buyers put up. However, a lawsuit by those buyers has been filed:

Cosmopolitan’s developers also misled apartment buyers about completion delays, added units, insufficient parking and changes to the builder contract, according to an amended complaint filed in Nevada. The garage and “underground facilities are under the existing water table, requiring 24-hour pumps and containment walls,” it alleges.

It’s easy to forget that Las Vegas became a stopping place in the desert because of underground springs. Apparently that’s exactly what the developers did.