Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Analysis of the real estate industry
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Analysis of the real estate industry
The Howard Hughes Corporation has undertaken a huge development project in the Nevada desert just west of the Las Vegas strip. Named after Howard’s grandmother, Summerlin, Nevada is one of the largest planned communities in the world. The development is about half way complete with around 40,000 of the planned 80,000 homes finished – many of which have been sold. This award winning planned community has attracted people from across many demographics, because of the diverse and well planned amenities that make Summerlin a great place to call home. Many factors go into making a planned community successful, but what this research will examine is weather Summerlin will continue to thrive when it is complete, and what factors make this an attractive or unattractive community. The Local Economy One of the most powerful forces that drive regional growth is the employment health of the area. Las Vegas was hit hard by the great recession and has had a higher unemployment rate over the national average. According to the U. S. Bureau of Labor Statistics the unemployment rate sits at around 9.5%, a major improvement over its high in July 2010 when it was around 15% (US Bureau of Labor Statistics). This indicates that the economy of the Las Vegas metropolitan area is showing signs of recovery, albeit slow recovery. The primary force that drives the economy in Las Vegas is gaming tourism; however, there has been an effort to diversity the local economy. This investment to attract other industries will prove to be invaluable to stabilizing home prices, bring the area to full employment, and by extension, allow Summerlin to thrive. Some of the largest employers are retail, and gaming companies, but there are also major employment in health... ... middle of paper ... ...est planned development in the world. It is used as a model for new projects globally and is recognized for this accomplishment. The question of weather or not Summerlin will be a successful community is answered by the macro economic forces that drive the region. Although the economic headwinds place pressure on Summerlin we are of the view that the community is positioned in a way to thrive. Las Vegas is an emerging city, and demand for housing will continue to increase as the economy recovers in the area. This will lead to increased demand for housing and commercial lease space, and will drive a population boom in the Las Vegas-Henderson MSA, which includes Summerlin. Summerlin is uniquely positioned in the area to grow more so than other communities, because of its diverse communities, amenities and services, as well as name recognition that will attract buyers.
The first article, “The Best Night $500,000 Can Buy,” portrays the perfect night out in Las Vegas. Devin chronologically takes the reader through a night in one of the famous clubs in Las Vegas, Marquee. He describes the fundamental marketing techniques that promoters use to lure women into the venue, the prices that high-rollers pay to get a VIP access and tables, and the “shitshow” atmosphere where people are dancing as if they are on Ecstasy (some people are actually on drugs). From personal experience, Las Vegas is definitely the Disney World for adults because people can openly consume alcoholic beverages on Fremont Street while enjoying their time at the arcades, night and day clubs, pools, gambling rooms, theme park rides, shopping centers, restaurants, strip clubs, and wedding chapels. Which ultimately le...
Now, a normal sized town contains fast-food joints, supermarkets, malls, and superstores, but a small town lacks that appeal. The small-town could be the most beautiful landscape known to man, but lack the necessary luxuries in life that a typical American would benefit from. Carr and Kefalas make this statement that emphasizes the town’s lack of appeal, “Indeed the most conspicuous aspects of the towns landscape may be the very things that are missing; malls, subdivisions, traffic and young people” (26). The authors clearly state that they realize that towns, such as the Heartland, are hurting because of the towns’ lack of modernization. For all intents and purposes, the town’s lack of being visually pleasing is driving away probable citizens, not only the native youth, and possible future employee’s away from a possible internship with the town. The citizens with a practice or business hurt from the towns inability to grow up and change along with the rest of the world, yet the town doesn’t realize what bringing in other businesses could potentially do for their small town. Creating more businesses such as malls, superstores and supermarkets would not only drive business up the roof, but it’ll also bring in revenue and draw the
The decision to do away with the long-standing community was reflected in academic studies and city-commissioned planning reports as a means t...
The Town of Chapel Hill is a vibrant mix of college-aged students and younger families within the area. The demographics of the town provide to the town’s financial health, along with the region’s fiscal economy. With a major hospital and one of the best public schools in the state and country, much of the growth within the town can be attributed to employment opportunities, medical research, and the diversity in students that the university attracts. The town has seen strong population growth over the past 20 years, growing over 40% with 25% between 1990 and 2000, and 12.4% between 2000 and 2010 (Chapel Hill Community Overview, 2014).
... motivation for wealthy individuals to return to the inner-city core but it also provides impetus for commercial and retail mixed-use to follow, increasing local revenue for cities (Duany, 2001). Proponents of gentrification profess that this increase in municipal revenue from sales and property taxes allows for the funding of city improvements, in the form of job opportunities, improved schools and parks, retail markets and increased sense of security and safety ((Davidson (2009), Ellen & O’Reagan (2007), Formoso et. al (2010)). Due to the increase in housing and private rental prices and the general decrease of the affordable housing stock in gentrifying areas, financially-precarious communities such as the elderly, female-headed households, and blue-collar workers can no longer afford to live in newly developed spaces ((Schill & Nathan (1983), Atkinson, (2000)).
“Since 1980, the region’s economy has changed markedly, as large-scale facilities have closed, all too frequently leaving joblessness and contaminated “brownfields” in their wake. How to build a productive job-providing regional economy is a major Calumet issue. While major investments in traditional Calumet industries such as oil, steel, and automobiles continue, the region is also home to intriguing “creative placemaking” efforts, replete with vibrant main streets, arts and entertainment districts, and tourism-related developments that capitalize on the unparalleled crossroads character of the region and its cultural and natural assets.”
For years casino gambling was portrayed in the media and Hollywood as being associated with criminal activities and the mafia. Now with proper scrutiny and government regulations casino gambling has become a lucrative business, with casinos stock even trading on Wall Street. Casino gambling is an ever increasingly popular and legal activity in many states throughout the United States. “The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act). States that allow casino gambling benefit vastly by re-incorporating the taxation off of commerce gained from casinos and tourism associated with the casinos back into the state and local communities. Jobs created by casinos also have a positive impact on the economy in local communities surrounding casinos as well as, the states that legalize gambling. Texas, while allowing horse and dog racing, lottery, and charitable bingo, does not currently prohibit casino gambling. In this essay, I will provide the different reasons the State of Texas will benefit from legalizing casinos gambling. By not having casinos, Texas continues to lose valuable tax revenue that could be awarded to state and local government funded programs for example, education, public safety, economic development, and infrastructure improvements. With the increasing number of legal casinos in bordering states such as Louisiana, New Mexico, and Oklahoma, the loss of tourism and tax revenue is a growing concern for Texas. Passing legislation to allow casinos in the State of Texas will help fund ...
Penticton’s population has remained relatively stable over the past decade with a current population of 33 761. However, over the past 5 years, Penticton has seen a 3% growth, and this has directly translated into economic growth, new housing projects and new business applications. Growth is forecasted to continue for the next few years and Penticton should maintain to attract a diverse and skilled
In conclusion, the current macroeconomic situation in the United States is characterized by moderate growth because of better economic conditions that were brought by the events of 2013. The country has experienced moderate economic growth since the 2008 global recession but has shown real signs of momentum. While the country is not concerned about recession or inflation, the rate of unemployment is still a major challenge despite improved consumer and business confidence. As a result, the Federal Open Market Committee or Federal Reserve System needs to adopt fiscal and monetary policy initiatives that help address the unemployment issue and promote high economic growth.
Catalina is a unique place since it has developed infrastructure and have resources to exploit that enable people to live in it. This unique characteristic attracts many people every year to enjoy different ranges of activities. Tourism is the only industry that Catalina has to the economy to fluctuate (“Visit Catalina Island.” 2014). Since the only income for Catalina Island has historically been tourism, the market has been exploited to be able to sustain the towns and enable further development. Both of the towns depend on tourism to survive, however this does not mean that they are similar. According to 2010 Census of Bureau the approximate population of Catalina was 4,096. Avalon had a population of 3,569 and the rest of the population is, Two Harbors and the Catalina Island Conservancy (337.37 km2), 527 (U.S. Census, 2011; “Visit Catalina Island,” 2014). As it can be observe, the amount of resident from each town is significantly different, and the major concentration is in Avalon. This points out that Avalon is a larger city not only demographically but also in population that may drive more people to visit.
Throughout Las Vegas history, Vegas have grown in tourism and residency to become more well known. From gambling clubs to casino and resorts, Las Vegas has grown to a little town to a big, bright city to the“Sin City”. If all the laws and mafias that collaborated with the casinos and gambling clubs did not happen back then, our community of Las Vegas would not be as popular as we are today.
The Gambling industry attempts to win support with misleading information in its promotions. For example, gambling is said to help stimulate the economy by providing more jobs. According to the American Gaming Association study, "In 1995, the casino industry recorded $25 billion . . . and paid only $7 billion in wages" (Arthur Anderson). Also according to Maura J. Casey, there is high unemployment rates around casinos. (Casey 37) With people's losses and by encouraging workers to believe in cheating customers, casinos focus on gaining more and more money for their n...
After World War II, the United States of America became a much wealthier nation. As America gained wealth and the populations in urban cities and transportation technology increased, many Americans spread out, away from the urban cities, to fulfill the common dream of having a piece of land to call their own. The landscape constructed became known as the suburbs, exclusive residential areas within commuting distance of a city. The popularity and success of the suburban landscape caused suburbs to sprawl across the United States, from the east coast to the west coast and along the borders between Canada and Mexico. By the 1990s, many suburbs surrounding major urban cities developed into being more than merely exclusive residential areas. The new kind of area developed out of suburbia, the post-suburban environment, has the characteristics of the suburbs and the characteristics of the central city, or what postmodern political geographer and urban planner, Edward Soja calls, ‘the city turned inside out' (Foster 1). The post-suburban environment, is “a fundamentally decentralized spatial arrangement in which a variety of commercial, recreational, shopping, arts, residential, and religious activities are conducted in different places and are linked primarily by private automobile transportation” (Kling 1). The multifaceted aspects of the post-suburban environment make it an attractive and dynamic space with opportunities of employment. Topanga Canyon, near Los Angeles, California, is such an example of a suburb space that's developed into a dynamic post-suburban space. Since the post-suburban space of Topanga Canyon is dynamic and filled with employment opportunities, it's attractive to Mexican immigrants who wish to have a better l...
The end of the year 2007 marked the beginning of the great recession. When recession began about 4.9 % of the population had no jobs. Over the years, increase in youth unemployment has been on an increase. By the end of 2008, the worst impacts of recession were eminent. During that year, about 2.6 million people were rendered jobless. This was recorded as the worst hit year in more than 60 years. More than half a million jobs were lost by the end of 2008. In 2009 the rate of unemployment rose to 7%.By last year, the rate had grown to 9.8%. Nevada used to be the best state financially. However, at the moment its unemployment is rated at 14%.
Kwon, E. (n.d.). Lodging & Gaming. Standard & Poor's Capital IQ. Retrieved December 1, 2013, from http://www.netadvantage.standardandpoors.com.ezproxy.bu.edu/NASApp/NetAdvantage/showIndustrySurvey.do?task=showIndustrySurvey&code=lng