 85 percent of Nevada is owned by the Bureau of Land Management. What does this mean to the average Nevada resident? It takes a full day to drive from Southern Nevada to Northern Nevada and all there is to see is wide open desert. All that land is controlled by the Federal Government and is not for private ownership. Well… not exactly.
For example look at Southern Nevada, specifically the Las Vegas Valley. This part of Nevada is home to numerous large master planned communities. Communities like Southern Highlands and Sun City Anthem are home to thousands of residents along with commercial property to support the neighborhoods. Where did the developers get the land for these large communities? The land came from the Bureau of Land Management (BLM) through public auctions or land swaps for environmentally sensitive private land.
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 For those in Las Vegas construction, and related fields the past 6 years have taken their toll. Financially and emotionally, it has been a rough ride. Prior to 2008 our economy was the strongest in the country year after year. The Vegas Valley led in development projects spawned by the highest population growth in the nation. Then it all came to an end. In a blink of an eye the statistics changed and the Las Vegas Real Estate market took the lead in unemployment and foreclosures.
Today, in 2014 we feel the worst is behind us. The sensation of excitement in the construction industry is back. The steel skeletons that have dotted our skyline are getting completed and houses are being built again. Vegas is back baby! Maybe not as robust as before, but good enough to lift our heads again. Here are a few of the Developments that are boosting the Vegas economy: |
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