Las Vegas building halt looms
Las Vegas, whose name is practically synonymous with uncontrolled growth, is facing something it hasn’t seen in decades—a construction halt.
Once the nine major construction projects currently underway are completed, there are no large projects coming along after them, according to the Las Vegas Sun.
John Restrepo of Restrepo Consulting said, “We are going to have a drought of commercial construction for a number of years. … Southern Nevada went through a long stretch having a disproportionate share of its job base in construction, at least by national standards. Many in the community started to believe that this reflected a normal and sustainable job base. The recession has dramatically shown how transitory construction employment really is.”