Southwest City Scoop: Construction Starts in Las Vegas
Jeremy Aguero Principal Analyst Applied Analysis
Building trends for Las Vegas are straightforward, Aguero says, noting that there are $13.5 billion worth of projects in the pipeline for Nevada’s largest city. Those include a $1.9-billion stadium for the NFL’s Raiders, a $1.4-billion Las Vegas Convention Center expansion and projects along the Las Vegas Strip, including Resorts World and Paradise Park. On the residential front, some 8,000 housing units will be sold this year, Aguero says, adding that Las Vegas is the fifth-fastest-growing metropolitan area in the U.S.