First, from the “I sure hope so” files, we have the prospect of a high-speed train between Vegas and Los Angeles. The Governor of Nevada is asking President-Elect Obama to consider it for part of his stimulus plan. The Governors of both Nevada and California endorse the plan. I think it’s a great idea that [...]
Yahoo and the Human Capital Institute asked “Imagine you were offered a dream job that required you to relocate to your favorite city. Which city would it be? And why?” Scroll down to see how Vegas fared: Affordability, which was No. 4 in last year’s list, is now the second-most important attribute workers consider before [...]
Not that I agree with their list, but you might want to check out Lifehacker’s Top 10 Real Estate Links. By way of disclaimer, I do not recommend using Zillow as a serious price comparison tool. First and foremost, it treats foreclosure auctions as equal to sales. If you see a house that “sold” for [...]
A developer is close to an agreement with both the City of North Las Vegas and the National Guard to build a hotel-casino next to the National Guard’s training area. The facility would have 1000 rooms in two 8-story towers. Historically, a Vegas hotel-casino creates about 2 jobs per room within the facility itself, and [...]
Yesterday, the International Times Herald ran a Bloomberg article called Defaults in Las Vegas turn investment banks into decorators. I can only imagine the number of signatures that have to be gathered to actually change a paint color! Here’s an excerpt: Since January, when Ian Bruce Eichner, a New York developer, defaulted on a $760 [...]
Most people have never heard of Ivanpah. No, not the “ghost town“. The proposed solar power farm? Well, that’s closer. I am referring to Ivanpah International Airport — currently a hunk of desert near Jean, Nevada — a facility well supported in Nevada and almost unanimously supported by Congress. It is supposed to take some [...]
No Crown for Vegas: Back in December, Clark County approved the Crown project, which would have been the second tallest structure on the Strip. This week, “Company officials said the recent upheaval in the world financial market caused the plans to be scrapped.” Furthermore, they will stop making payments towards purchasing the land for the [...]
Today, tech news community Slashdot brought us a story from the British news site The Register: a company called Switch Communications — which calls itself “The #1 Rated Disaster Avoidance Colocation and Bandwidth Interconnect Facilities in North America” — is building one of the largest data centers in the world. It’s called the SuperNAP. Here’s [...]
Remember some months back that the Tropicana begged workers to put off actually depositing their paychecks? Having lived through The Great DotCom Boom and subsequent bust, I know that this is a great big, glowing “get out now” red flag for any company’s prospects. The inevitable has happened: Tropicana Entertainment LLC is declaring Chapter 11 [...]
Good news for Vegas real estate development: the Cosmopolitan Resort and Casino will avoid foreclosure. When finished, the hotel and convention facilities will be run by Hyatt. The complex will include roughly 3000 hotel rooms in addition to a number of luxury, high-rise condominiums. A couple items on that quintessential Vegas export, weddings! First we [...]
