“What we’re seeing emerge here in Nevada is an economy that will not repeat the boom-like conditions that we saw just a few short years ago. I doubt very much in my lifetime we’re ever going to see consistent job gains over the course of several years … I think what is going to emerge is an economy that grows at a much more moderate pace. But on the flip side, it will be arguably a little more sustainable. We won’t see the booms and, like we’re seeing right now, the busts.” — Nevada Department of Employment Training & Rehabilitation economist Bill Anderson, speaking last Friday.
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Yeah, right…
As soon as the new hotels reach 70% occupancy rates, they’ll start drafting plans for 1,000-room additions.
What the populus of Clark Co should realize is that the old folks aren’t getting any younger so the Hospitals, medical supplies and cemetary/mortuary businesses should be making necessary upgrades and expansions. The economy may not be getting better but there’s one line of business that will not be affected too much by a weak economy.