Huffington Post illustrates the sorry state of Las Vegas' economy with a graphic slideshow filled with derelict properties and people hit hard by the recession.
"With an economy tied to consumer spending and the housing industry, Sin City region has gone from one of America's bright spots to one of its most troubled. The Las Vegas area is among the most economically stressed in the country, according to the Associated Press's monthly ranking...Factoring in the underemployed and those who have given up looking for work, Nevada's true unemployment rate may be 20 percent, according to the Las Vegas Review-Journal.
In the state's flagship city, however, the housing boom and job crisis have created more than a few veritable ghost towns and have stalled large developments on the Las Vegas Strip."
Comments
Las Vegas
Wow. I knew Las Vegas had fallen on hard times but this really puts it in stark perspective.
I worked as a planner in the LV Valley in the late '80s and early '90s, and it was all one could to to try to keep up. I hope the entities take this new reality as an opportunity much like Detroit has ... but the mindsets of the two places are so much different.
More importantly I hope that somehow the folks there that need help find it, somehow.