Tuesday, April 8, 2008

Additional Datapoints re: Vegas and their economy...

The worst hit real estate market Y-Y, tying Miami at down 19% (case shiller index).

Then we look at traffic stats ├činteresting which carriers bring tourists to Vegas. I’d be amazed if traffic held up over the long-term with this economy doing as poorly as it is….

http://cms.mccarran.com/dsweb/Get/Document-219570

Trump not breaking ground on second tower…
http://www.lvrj.com/business/17334999.html

Financing is hurting development of new towers – DUH! – One deal was 80% sold with 20% non-refundable deposits and still couldn’t get going…..
http://www.lvrj.com/business/16776061.html

Dan Ross
http://www.BetterBizBooks.com

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