Monthly Archives: September 2014

RCG: Tesla Deal A Chance Worth Taking

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While the size and scope of the abatements and tax credits in the Tesla incentive package have received criticism from some quarters, the deal has greater significance for Nevada than just the raw numbers. Critics and supporters alike should read the bill thoroughly before over-generalizing, spreading misinformation, or passing final judgment. It is worth noting… Read more »

Internet Sales Tax Bill Advances

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Sales taxes on online purchases may be coming soon to states that were previously avoiding them, according to a recent CNN story. In a vote earlier this week, the U.S. Senate passed the Marketplace Fairness Act, which will require all online retailers to collect sales taxes for the states where they ship goods. The legislation still needs… Read more »

Study: New UNLV stadium could pack $511 million economic punch

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By Paul Takahashi  – Las Vegas Sun UNLV’s proposed new football stadium could add between $231 million and $511 million in direct spending to the Las Vegas economy each year, if it’s built, according to the university’s stadium consultants. Conventions, Sports and Leisure International, assisted by local financial firm RCG Economics’ John Restrepo, presented its… Read more »

Food fight: Why we have so many markets

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By Ed Komenda – Las Vegas Sun Where do you buy milk? How about chicken, Cheetos and toilet paper?For Southern Nevadans, there are hundreds of options.Groceries are big business here, and a glut of food stores are vying for your attention.Consider this: In a 6-mile swath of Henderson, there are more than 15 supermarkets and grocery… Read more »

Consultant offers three-pronged funding for UNLV stadium

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By ALAN SNEL LAS VEGAS REVIEW-JOURNAL The consultant for the University of Nevada, Las Vegas stadium board on Thursday offered a three-pronged funding approach to help build a 50,000-seat campus stadium. Bill Rhoda, president of Plano, Texas-based CSL, identified three “buckets” of money as a buffet approach to help build the stadium — a sales… Read more »

New Summerlin development to be most expensive in Las Vegas

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By JENNIFER ROBISON LAS VEGAS REVIEW-JOURNAL Southern Nevada will soon see some of its priciest homes yet. The Howard Hughes Corp., which is developing Summerlin, is announcing a joint venture with Discovery Land Co. of Scottsdale, Ariz., to build about 250 homes on 555 acres near Tropicana Avenue and Town Center Drive, just south of… Read more »

Vegas on a roll with 8,500-home development

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By JENNIFER ROBISON LAS VEGAS REVIEW-JOURNAL It’s like 2006 all over again — with a few twists. Henderson’s 2,000-acre Inspirada master plan is launching a Saturday sales blitz of pre-recession magnitude, with 16 new model homes in nine subdivisions by KB Home, Pardee Homes and Toll Bros. No master plan has debuted so many neighborhoods… Read more »

Investor making big changes to The HC | Hughes Center

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By JENNIFER ROBISON LAS VEGAS REVIEW-JOURNAL It’s been a busy year for The HC | Hughes Center. Since Blackstone subsidiary Equity Office bought the Class A office park at Paradise and Flamingo roads for $347 million a year ago this week, the investor has quietly made big changes. Those changes — from a new fitness… Read more »