[AA702]

Originally Posted by tony soprano

I live in Santa Clara near San Thomas and 101. I was here for the dot.com implosion as well, but I've never seen the local economy this bad. I'm still employed but I've lost count of the number of people I know that have been affected by valley layoffs. Like myself, all of them in the tech sector. The poor economy has served to moderate the cost of living from absurd to just ridiculous. However, at the risk of turning this into a political discussion, what I find the most offensive is the never ending stream of ridiculous legislation coming out of Sacramento.

My best friend works for C-Beyond and is doing well in that feild (telecom/isp/VOIP). Another friend worked for Seagate and was laid off after 20 years. Cousin worked at HP Palo Alto, also laid off after 12 years. Another friend worked for Sun Micro and was laid off, another for San Disk and was let go.. the list goes on and on. And your right, Sacramento doesn't make it any easier and they want to raise taxes on people that are already strapped.

[jfkIII]

Let's keep in mind...CityCenter's success will not be measured by simply holding a grand opening (similarly that its failure can't be measured by project reversal (tower redesign), lawsuits and the inability to make debt repayments on time.) Rather, these are all indicators of how things are going for that project. The real measure of success will be to see if the project lives up to its billing. Will it become a self-sustaining city within the city? Will it bring LV out of the bad economy and provide long-term benefit to LV, as a whole? Will it be the high-class operation it was envisioned to be? These things will not be apparent until way after the ribbon is cut by a drunk and smiling Mayor Goodman. We will have to wait to see.

MomMom...I would love for LV to scale back to that smaller town that you and others (Buzz, for another) moved to way back when. IMO, LV has gotten too big for its britches. Sad thing is, though, to do that now would leave painful reminders in its wake. I'm sure that those who were there when the city consisted of 100K to 500K population would love to go back to what LV was then...but is that possible...and at what negative cost?

IMO...Las Vegas' future is in its past.

[olecapt]

Originally Posted by jfkIII

Let's keep in mind...CityCenter's success will not be measured by simply holding a grand opening (similarly that its failure can't be measured by project reversal (tower redesign), lawsuits and the inability to make debt repayments on time.) Rather, these are all indicators of how things are going for that project. The real measure of success will be to see if the project lives up to its billing. Will it become a self-sustaining city within the city? Will it bring LV out of the bad economy and provide long-term benefit to LV, as a whole? Will it be the high-class operation it was envisioned to be? These things will not be apparent until way after the ribbon is cut by a drunk and smiling Mayor Goodman. We will have to wait to see.

MomMom...I would love for LV to scale back to that smaller town that you and others (Buzz, for another) moved to way back when. IMO, LV has gotten too big for its britches. Sad thing is, though, to do that now would leave painful reminders in its wake. I'm sure that those who were there when the city consisted of 100K to 500K population would love to go back to what LV was then...but is that possible...and at what negative cost?

IMO...Las Vegas' future is in its past.

City Center at this point comes out well. It simply can't fail. Not that MGM can't go bankrupt and its lenders/investors lose their shirt. But City Center will certainly succeed.

The strip is a pecking order. The high end will end up in City Center...and then Wynn and Bellagio and Mandalay. Then the next tiers.

I expect it will all level out. Those who reached to far will lose their shirt. But the properties are still immensely profitable as operations.

Vegas is unique. It will survive and continue. Hopefully with a little more modest future plan.

And I think it a good thing. Nothing wrong with catering to whales...but I also think we need some places with two buck beers...

[LIS123]

Originally Posted by olecapt

City Center at this point comes out well. It simply can't fail. Not that MGM can't go bankrupt and its lenders/investors lose their shirt. But City Center will certainly succeed.

The strip is a pecking order. The high end will end up in City Center...and then Wynn and Bellagio and Mandalay. Then the next tiers.

I expect it will all level out. Those who reached to far will lose their shirt. But the properties are still immensely profitable as operations.

Vegas is unique. It will survive and continue. Hopefully with a little more modest future plan.

And I think it a good thing. Nothing wrong with catering to whales...but I also think we need some places with two buck beers...

When do you think the Vegas Economy will begin to rebound?

[Kalbo]

Originally Posted by LIS123

When do you think the Vegas Economy will begin to rebound?

Late this year, or by next year for sure.

[jpk]

Is City Center really entirely high-end? That's a massive amount of capacity to cater to a niche.

[Kalbo]

Originally Posted by jpk

Is City Center really entirely high-end? That's a massive amount of capacity to cater to a niche.

Looks to me like they are aiming for the higher end.

http://www.citycenter.com/

[kaotikdreamer]

Las Vegas is doomed to fail. The strip is disgusting, a street of huge monuments to the egos and greed of multi millionaires! The problem here is that no one thinks, everyone is in it for the short term and the quick buck. A city can't function without a diversified economy and without regulated growth. This whole state is as doomed as the wild west ideology that guides it!

[airics]

oh shut up already

[kimba01]

Originally Posted by kaotikdreamer

Las Vegas is doomed to fail. The strip is disgusting, a street of huge monuments to the egos and greed of multi millionaires! The problem here is that no one thinks, everyone is in it for the short term and the quick buck. A city can't function without a diversified economy and without regulated growth. This whole state is as doomed as the wild west ideology that guides it!

LOL. There is a new one for the forums...