While we all seem to have gotten caught up in all of the doomsday reporting about the state of our economy, there is a light at the end of the tunnel in the form of sin and scandal. Although many people in the United States are focused on the woes of staggering unemployment rates, shady bailouts and bankruptcies occurring right and left, the Las Vegas leisure market is apparently up and running smooth as ever. With the glitz and glamour that rang in the New Year of 2009 in the city of bright lights and high-rollers, the real boost of goodwill comes as the CityCenter hotel and casino project is about to reach completion. This will mean great things for all the people in Las Vegas who have recently found themselves out of work or severely underemployed.

The CityCenter project has the distinct honor of being regarded as the most expensive project of its kind in the entire history of the United States. Its total cost is more than $9.1 billion and they recently announced the start of their application process that will involve creating some 12,000 brand new jobs. If that doesn’t give a jumpstart to this year’s economy, then I don’t know what else will.

Applicants who are chosen will report to work at the enormous steel and glass structure before the end of the year. While the city known for its degree of sin has been in the middle of its worst economic scenario since the early 180s, with a 22% statewide decline in gambling revenue, he project is continuing to move forward.

Tags: citycenter, las vegas economy

This entry was posted on Friday, January 9th, 2009 at 7:41 am and is filed under Las Vegas Casinos. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.