Approval was granted today for the largest hotel tower in the world, 1,064 feet high, with 5,000 rooms and 800 condos. Oh, and a 250,000 square foot casino, and all the meeting space and retail establishments that people have come to expect from a grand, Las Vegas casino resort!

This project is so big that it required the approval of both the county and the FAA.

When all is said and done, there will be jobs building that tower. And then there will be jobs — Deutsche Bank figures 2.5 workers per room — working in that tower. And those people will need to buy groceries and get services in the community. An MIT study estimated that 5,000 new hotel rooms could generate 60,000 jobs!  And that does not account for jobs in the gaming industry, one of Las Vegas’s biggest economic sectors.

It’s a good time to relocate to Las Vegas. It’s a good time to open a business here too.