Here is some great information that was in a newsletter I received recently.
Exciting Projects & Growth Are Coming!
Today, even with a slow national economy, we live in a thriving city that never sleeps. Las Vegas is growing and grooming itself to continue to be one of the nation’s best places to meet people and just have fun. Money is being spent and jobs are being created.
There are 150 major airports in the country. McCarran International Airport is on the way to be the 8th fastest growing airport in number of travelers. Mike Boyd of Boyd Group International forecasted that McCarran’s boardings will increase by almost 9% before 2016.
The current boardings for 2011 are projected at 20,500,000. By 2016 the boardings would increase to over 22,300,000, or over 61,944 per day. The increased passenger growth will come from Canada, Mexico, and Latin America. Southwest and Allegiant Air are targeting those countries.
Visitors will have new things to see when they come to be entertained by the best resorts in the world., many visitors will return several times a year. New and exciting attractions, restaurants, and retail will continue to give visitors reasons to keep coming back to Las Vegas.
Las Vegas is Still Growing
…At $500,000,000 levels. More reasonable than the $5,000,000,000 levels of years gone by. Some examples below:
Linq
Caesars is backing an outdoor entertainment district located between Flamingo and O’Sheas. Linq will include a 325,000 SF outdoor park with bars, restaurants and retail, and its centerpiece will be the 550-foot observation ("don't call it a Ferris") wheel, dubbed the Las Vegas High Roller. This project will be completed in 18 months, will cost $500,000,000 and will employ 3,000 construction workers and 1,500 permanent employees.
Skyvue Las Vegas
Another big development will be an amusement park across from the Mandalay Bay, which will include the Skyvue Super Wheel, another observation wheel that will top out at almost 500 feet. This project broke ground in May on an 11-acre parcel. There will be also be 200,000 SF of shops, restaurants and other entertainment venues.
Visitors flying in to Las Vegas will see these 500+ feet high attractions on their way in.
Parabounce Vegas
This aerial adventure is described as 3D flying balloons acting like bumper cars. Riders will navigate around a 100,000 SF “bubble dome”. If approved the adventure park will include flying bicycles!
Margaritaville Casino
If you are a parrot head, you will love this! Jimmy Buffet’s national restaurant and bar chain is coming to Las Vegas, offering Buffet's music, table games, slots, plus a “Five O’Clock Somewhere” bar serving Buffet’s signature Margaritas. The cost will be $10,000,000. Caesars Entertainment will section off a portion of the Flamingo for this Margaritaville casino.
Treasure Island Additions
Starbucks, Margarita Bar and Senor Frog’s Mexican restaurant will be built in front of Treasure Island. Construction is underway.
Facelifts:
The Imperial Palace and O’Shea’s will get a $500,000,000 face lift.
Only 13 years old, The Bellagio is scheduled to receive a $70,000,000 update by December.
Wynn has spent $99,000,000 renovating 2,700 hotel rooms and suites. The dark wall coverings and carpeting were replaced with lighter neutral tones.
I can help you with any Las Vegas property.
Las Vegas high rises
Single family homes -rental properties
Luxury homes in beautiful communities
I will work hard for you and treat you as if you are my only client!
Michael Shankman
Realty One Group
702-498-3383
www.michaelshankman.com
www.lasvegashighriseagent.com
www.lasvegasbankownedluxuryhomes.com
www.lasvegashomesoveronemilliondollars.com
