Word: vegasized
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But I'm here because Las Vegas is on sale. The hotels, led by Wynn Resorts boss Steve Wynn, slashed room prices to increase occupancy rates to 82% from a low of 72%. On the right day in July, you could book the type of 750-sq.-ft. room that...
Vegas was in the midst of building a real urban center, trying to turn what was just a break from sanity - fake Eiffel Tower! giant dancing fountain! a dance in every lap! - into a permanent installation of insanity. If we decide that we don't need a resort town that...
As I turn out of my hotel's full parking lot, veering onto the Strip, I come across something rarely seen in Vegas: frozen construction projects. I pass cranes abandoned at the site of the Echelon, a huge, multibillion-dollar project of four hotels that is now just three buildings...
Just as Americans did with their houses, casino owners borrowed way too much money to build hotels that were way too big. Economists like Yale's Robert Shiller have warned that the next big wave of failures in the U.S. recession will be in commercial real estate - and once again...
See a map of Las Vegas Boulevard.