In January I heard two economists forecast the next recession will hit the nation around 2019. You can read more about it more here in my previous “Takeaways”. During the month of April I attended two events – both organized by NAIOP of Southern Nevada– that discussed major projects in Southern Nevada and the realities of passing Question 2 (a.k.a. recreational marijuana)
What I learned from these events makes me feel like even if the US Economy will recede in 2019; Las Vegas could skip that recession. Here are 2 reasons why.
1. The amount of capital that is in the works creating jobs (specifically in construction), coupled with the timing of these several large projects.
2. Las Vegas has fundamentally changed post the great recession increasing capacity and sophistication with this development cycle.
What did I learn at the two NAIOP events? Why do I believe Las Vegas has fundamentally changed? Which projects are so significant?