{"id":1041,"date":"2009-01-02T17:14:00","date_gmt":"2009-01-03T01:14:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/blogs\/dmckee\/index.cfm\/2009\/1\/2\/Happy-New-Year"},"modified":"2009-01-02T17:14:00","modified_gmt":"2009-01-03T01:14:00","slug":"happy-new-year","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/happy-new-year\/","title":{"rendered":"Happy New Year"},"content":{"rendered":"<p>Will it be a happy new year for the Strip? In terms of &quot;supply shock,&quot; the timing could be a lot better, let&apos;s put it that way. Back on Aug. 14, <strong>JP Morgan<\/strong> issued an analyst report which showed 11,412 hotel rooms and 7,546 condos hitting the Las Vegas Valley in 2009. <strong>Aliante Station<\/strong> and <strong>Encore<\/strong> (an aggregate 2,235 rooms) relieved some of the pressure by opening sooner than Morgan analysts anticipated. But that still leaves a lot of product in the pipeline, headed right at us.<\/p>\n<p>Persistent rumors have <strong>MGM Mirage<\/strong>&apos;s <strong>The Harmon<\/strong>, <a href=\"http:\/\/www.vegastodayandtomorrow.com\/citycenter.htm\" class=\"broken_link\">part of <strong>CityCenter<\/strong><\/a>, <a href=\"http:\/\/www.ratevegas.com\/blog\/2009\/01\/open_topic_disc_30.html\">paralyzed by construction problems<\/a> and perhaps deserted by operator <strong>Light Group<\/strong>. Even if that proves to be both true and a blessing in disguise, we&apos;re only talking 400 units. Seriously, we could stand to have a few more big projects (<strong>Cosmopolitan<\/strong>, anyone?) fall behind schedule.<\/p>\n<p>After all, 2010 was to have been an absorption year, with only the <strong>St. Regis<\/strong> condo tower (300 units) at <strong>Palazzo<\/strong> slated to open. Now that&apos;s on indefinite hold, so the deck is clear for developers who&apos;d like to push their opening date back. Any takers?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Will it be a happy new year for the Strip? In terms of &quot;supply shock,&quot; the timing could be a lot better, let&apos;s put it that way. Back on Aug. 14, JP Morgan issued an analyst report which showed 11,412 &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/happy-new-year\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[66,28,14,11,12,57,32,9,38],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1041"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=1041"}],"version-history":[{"count":0,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/1041\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=1041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=1041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=1041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}