Wednesday, December 2, 2009

Hard Times Still Abound, Even As City Center Opens

Here are some rude reminders of our still brutal economic reality in Las Vegas, even while we witness the opening of what we hope will be "economic salvation":

- Greenspun Media (The Sun's owner) just laid off as many as 25 workers in a "consolidation effort".

- Binion's closed its hotel tower, which a long time ago was the famous Mint in its previous life.

- Clark County sales fell 16.5% in September.

- More distressed homeowners are turning to mediation to save their homes from foreclosure.

It's still tough out there, even with City Center just starting to open. Let's hope City Center's opening is a sign of better times coming.

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