Once again, the top 25 construction project starts in the Southwest outpaced the previous year. With a cumulative value of over $8 billion, the top starts in 2015 topped 2014’s figures by roughly $3 billion.
For the second-straight year, the state of Nevada led the way in the Southwest: Four of the top five projects broke ground in Nevada. The construction of Resorts World Las Vegas, the first new hotel and resort in Las Vegas in more than five years, provided the largest boost. The $4-billion Chinese-themed property broke ground in May 2015, and owner Genting Group expects to open the property in mid-2018.