Traveled to Las Vegas last week for work, and got upgraded to a suite facing the Las Vegas Boulevard… right across from the ginormous construction site for City Center… while I understand that once you start a development, it is impossible to stop – but is such a monstrous development economically feasible at such a horrible time for the country? Although I haven’t head of people jumping off buildings just yet, but I also know no one is going out and spending $500,000+ on a condo… especially in a place like Las Vegas.
But of course, Las Vegas isn’t like any other place in the United States – there is so much money flowing in and out on The Strip every day there that it just may defy all logical reasoning in these strange financial times…