Current Articles

  • What a $1.9 billion futuristic sports stadium may do for Southern Nevada

    April 24, 2017 | Las Vegas Business Press | Buck Wargo

    Few thought Las Vegas would ever attract an NFL franchise.

    The NFL’s public aversion to gambling — despite the game being the most popular sport in the country in part because of it — was a big hurdle to overcome.

    But with Oakland unable or unwilling to fork over the public financing that has allowed many other cities across the country to keep their teams, Las Vegas and Nevada exploited that gap by a willingness to fund part a $1.9 billion stadium project.

    The NFL owners’ approval in March for the Raiders to relocate to Las Vegas paves the way for agreements to be reached between the team and the Las Vegas Stadium Authority on the domed facility.

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  • Why sense of urgency must drive rest of negotiations ahead of stadium construction

    April 21, 2017 | Las Vegas Sun | Adam Candee

    The Oakland Raiders will go on the clock in the National Football League Draft in six days, but the ticking on their move to Las Vegas already sounds like the "60 Minutes" stopwatch to local officials.

    Thursday’s two-hour meeting of the Las Vegas Stadium Authority Board highlighted just how much work needs to be packed into the next 40 months before the Las Vegas Raiders play their first game in their new $1.9 billion stadium.

    A revised draft lease including free rent for the Raiders occupied much of the discussion, but that document is one of a dozen agreements that will need to be reached in the next few months. The remaining contracts are in nascent stages compared to the lease, which board chairman Steve Hill called 75 percent done earlier this week.

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  • City Beat - RAIDERS COME TO LV

    April 17, 2017 | KCLV | Nancy Byrne

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  • Manufacturing growing again in Las Vegas economy

    April 10, 2017 | Las Vegas Review-Journal | Wade Tyler Millward

    Ralph Knight took no small risk after the recession when he bought a business over a thousand miles away.
    He moved his family from Seattle to the Las Vegas Valley, and jumped into a new career. The former custom homebuilder had high expectations for Power Pallets, a North Las Vegas manufacturer of portable wooden platforms used to move, stack and store goods.

    “If this didn’t work out, I’d be starving,” he said.

    Since Knight bought the company in 2011, Power Pallets has gone from $1.2 million in sales to $4.5 million last year, he said. It’s grown from about 15 employees to 35, adding a second shift.
    Knight’s purchase of a manufacturing business appears to be paying off, and according to data from the U.S. Bureau of Labor Statistics, certain sectors within manufacturing have shown recent employment growth nationwide.

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  • Walker Furniture to build 150,000-square-foot store near IKEA

    April 05, 2017 | Las Vegas Business Press | Buck Wargo

    In a reflection of the continued recovery of the Las Vegas housing market, Walker Furniture has acquired 14 acres adjacent to IKEA to open a second superstore in the valley.

    Construction is expected to start by the end of the summer on the 150,000-square-foot store that’s expected to open by the third quarter of 2018. The property will have pad sites for leasing 50,000 square feet for furniture-related retail outlets and restaurants.

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  • Poker tables keep decreasing on Nevada casino floors

    March 27, 2017 | Las Vegas Review-Journal | Regina Garcia Cano

    When the Monte Carlo casino closes its eight-table poker room in about a month as part of a $450 million overhaul, the Strip will be down nearly a quarter of the tables it had a decade ago.

    Casinos constantly adjust their floors to meet customer demand. And unlike the boom years when they competed for card fans after everyman Chris Moneymaker won the World Series of Poker’s main event in 2003, poker’s appeal in Las Vegas has been weakening this decade.

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  • Don’t buy those Las Vegas Raiders season tickets just yet — VIDEO

    March 27, 2017 | Las Vegas Review-Journal | Richard N. Velotta

    Now that the NFL has approved the relocation of the Oakland Raiders franchise to Las Vegas, it’s time to buy those season tickets, right?

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  • Raiders to Las Vegas: Economic analysts believe NFL gamble will pay off for region

    March 27, 2017 | News 3 Las Vegas | Kelsey Thomas

    LAS VEGAS (KSNV News3LV) — Las Vegas Raiders fans celebrated Monday afternoon under the iconic Welcome to Fabulous Las Vegas sign.

    It could be a hint of what's to come.

    There is no doubt the Raiders coming to Las Vegas has the potential to have a major economic and social impact on Southern Nevada.

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  • Economists weigh economic impact of stadium for Raiders in Las Vegas

    March 27, 2017 | Las Vegas Review-Journal | Wade Tyler Millward

    With the Oakland Raiders officially OK’d to move to Las Vegas, local economists are now studying the path to a new stadium for signs the Raiders are more than just new entertainment.

    The Las Vegas Stadium Authority has taken into account lessons of past stadiums deals — and failed ones — Applied Analysis principal analyst Jeremy Aguero said. Aguero has worked with the Las Vegas Stadium Authority.

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  • Nevada State Bank releases survey

    March 27, 2017 | Las Vegas Business Press | Buck Wargo

    Small business owners in Nevada are bullish on the economic prospects for the state and nation, and the election of Donald Trump as president has buoyed that outlook.

    That’s part of the findings of a survey conducted by Nevada State Bank of more than 400 of the state’s small business decision-makers, including owners, operators and management executives representing businesses with annual sales ranging from $250,000 to $10 million.

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