The average high temperature in LV on July 17th is 105. The average. Christie is the governor of a state that has a faded gambling mecca that would LOVE to have Vegas’ business during the summer. I can’t fault the fat man for this one. Just saying.
Vegas has an allure that Atlantic City lost a long time ago. Over the last 10 years private developers have poured around $50 billion into the Las Vegas valley. This includes $10 billion to build City Center, $3 billion to build the Cosmopolitan, $2 billion to build the Fountainbleu (and it is still at least $1 billion away from completion, sits there gutted and unfinished as a reminder of what happens to the last person to invest in a rising market), $4 billion on Wynn and Encore, $2 billion for the Palazzo, plenty of other upgrades and improvements like Caesar’s 2 new towers (built separately), the Maloof brothers’ $600 million add-on, and plenty of other investments... plus the ten billion spent to construct all those homes - something like 100,000 new housing units/condo towers were built in the last decade. (now a housing bust).
How much private money has come to Atlantic City in the last decade?
I got no dog in the fight, I don’t live in or invest in Las Vegas but I do go there a few times a year on business and am amazed at what they have built up. It is truly a city that reinvents itself. Most of the old properties like Dunes and Sands are gone, the relatively old properties like the new MGM and Ceasars etc (over 20 years old) spend to improve, and the new places built in the last decade or so are the nicest of hotels you could ask to stay in. It probably cannot sustain further massive investment at this time, and I would even go so far as to suggest it now needs to be broken up (too many properties in too few hands) but the people who have invested in that city have done everything they can think of to make it attractive to anyone. If you want to eat they got the best restaurants. If you want to party they have the best clubs. If you want entertainment they get the best acts.
...And it is the only city in the world that has 100,000 hotel rooms within 3 miles of any one one of the 3 main convention centers. Which means a constant stream of visitors of all stripes and all types attending conventions and trade shows and assemblies of various types. Atlantic city couldn’t hope to compete.
The average high temperature in LV on July 17th is 105
Yes, 105 is hot but it is usually dry heat, about the same comfort level as 85 in New Jersey with their average summer humidity. I live 4 hours from Las Vegas. It’s perfect for an occasional overnighter, hot or not.