Las Vegas Nevada Real Estate-Predictions For 2007

Predictions are that the Las Vegas Nevada real estate market is about to go bust which will result in the prices starting to stabilize and those instant profits disappearing.

After all in the past few years Las Vegas Nevada real estate housing market has seen some amazing gains with buyers having to dig deeper into their pockets while the seller smiles at the excessive gains reaped.

The belief is that the Las Vegas Nevada real estate trend for overpricing is going to come to a screeching halt as the Las Vegas Nevada real estate market discovers it has out priced itself from what the consumer can afford. It’s unlikely that there will be any real gains seen in the Las Vegas Nevada real estate home prices in the next year or so because the over inflated prices are simply unsustainable over the long term.

By the end of 2007 the Las Vegas Nevada real estate should see prices on the rise again. And although there won’t be any more flipping properties for 100% profit there will still be some excellent money to be made.

If you were one of the buyers to enter into the Las Vegas Nevada real estate market on the exaggerated prices don’t expect to be able to make a profit on your investment for at least a few years after all you didn’t just buy on an inflated price but on a an extremely overvalued price. So disappointed if you have to hold out for awhile for the Las Vegas Nevada real estate to rebound.

If you bought for all the right reasons and not just to flip with a 5 year term and today’s low interest rates you can just get comfortable and get ready for a long nap waiting for the Las Vegas Nevada real estate to turn around.

If you are looking at Las Vegas Nevada real estate construction projects in residential the prediction is a definite slow down. Some projects probably won’t see it through to finish due to the falling prices compared to when the project started.

If you have put a down payment down on one of these Las Vegas Nevada real estate projects that are in the works then you need to make sure you keep an eye on the project. Don’t’ be putting any more money down unless you are sure things are moving forward. It’ll will hurt enough if you loose your deposit but it could get a lot uglier and cost you a lot more so pay attention.

General projections would indicate overall it’s going to be a stable year for Las Vegas Nevada real estate. Perhaps if we had our very own crystal ball we could see more clearly. Oh well I guess we’ll just sit back and see what the outcome is. After all it’s fun to speculate about what the future Las Vegas Nevada real estate may bring isn’t it?

Presenting: At Nevada’s Ristorante Hospitality is a Family Affair

You have probably realized by now that I spend the majority of my spare time in Toronto’s Beach neighbourhood. Over the years I have had a chance to check out a number of the different hospitality establishments in the Beach, and one of my favourites is Nevada’s Ristorante. Centrally located at the intersection of Queen Street and Kenilworth Avenue, it is an easy walk up from the Boardwalk; its appealing warm décor and the colourful murals inside and on the outside of the building create a unique ambience. But even more important is the food, and I have always enjoyed the culinary offerings at Nevada’s.

So I decided to make the call and find out who is behind this fine establishment. I arranged an interview with Chris Housseas, co-owner of Nevada’s restaurant, and on a chilly Friday evening at 6 pm I had a chance to sit down with Chris for an interview, just before the evening rush was going to start. His mom Dimitra, nicknamed Toula, joined us and pitched in to give me the story of the Housseas family.

Chris grew up in the restaurant business. His father Gus, a Greek immigrant, started his first restaurant in Canada in 1961, long before Chris was born. Even earlier than that, at age 17 he had embarked into restaurant ownership back home in Greece. After his arrival in Canada he moved back and forth between his birth country and Canada several times. During one of these trips back to his home country he met Chris’ mom in 1976, and they fell in love. Shortly thereafter Chris was born, and in 1978 the whole family, including the parents, two sisters and a brother, moved to Canada.

Originally Gus had worked as a dishwasher and server. Once he came to Toronto he owned several fast food outlets, including a Dairy Freeze outlet near St. Clair and Caledonia. Various other fast food establishments followed near Bloor and Christie, and he added a Steak Queen near Rexdale and Martin Grove Avenues to his hospitality portfolio. Both the parents and Chris joined together as a team to buy Nevada’s in 2004. Nevada’s has a long tradition in the Beach, and Chris said that it has been around for about 50 years now.

Chris explained that the cuisine at Nevada’s Ristorante is a mixture of Californian and Italian-style cooking with a dash of Asian influences and several New Orleans style dishes. The signature dishes at this restaurant are the Pollo Gorgonzola which includes chicken, penne and mushrooms in a gorgonzola sauce. The New Orleans inspired Bourbon Street Ribs are in the oven for two and a half hours and get coated in a delicious honey garlic sauce.

The list of mouth-watering delicacies continued. The Pollo Pesto Pasta consists of linguine noodles, chicken, vegetables and leeks in a pesto-cream sauce, sprinkled with pine nuts. Soups are home made, and salads are also very popular, especially the Warm Spinach Salad and the Wild Mushroom Salad. Desserts round out the tasty treats and include, among others, a Bourbon Street Chocolate Cheesecake, a Chocolate Raspberry Tartufo as well as an Ice Cream Crepe and various sorbets.

The regular menu is spiced up by nightly features. In the winter a C$21 prix- fix dinner, including a soup, an appetizer and an entré with three to five choices, entices people to brave the cold and titillate their taste buds. Nevada’s Ristorante is open every day, from Monday to Friday from 11 am to 10 pm, and on weekends the restaurant opens up at 9 am for brunch. Chris explained that brunch is extremely busy, and interestingly the most popular item on the brunch menu is the Big Breakfast, consisting of three eggs, maple smoked bacon, sausage, home fries and fruit. Eggs Benedict (with Canadian pea meal bacon), Eggs Nova (with smoked salmon), and Eggs Florentine (with spinach) are also favourite choices.

Nevada’s is quite a large restaurant: the main dining room downstairs and an equally sizeable dining room upstairs offer 135 seats, while the patio in the summer holds an additional 35 to 40 people. Nevada’s patio is particularly popular with athletes, for example the beach volleyball players that come up from Ashbridges Bay, as well as the tennis players from the Kew Gardens Tennis Club. The restaurant employs 35 to 40 people in the summer, and has 15 regular staff members during the slower winter months. Chris emphasized that they try to hire local residents as much as possible.

In addition to learning about the restaurant I wanted to find out a little more about the owners. Chris was born in Greece, and his parents moved to Toronto when he was 18 months old. He grew up in Etobicoke and in the Victoria Park and Lawrence area. Even as a child he often came down to the Beach; he added that he always liked the area and got very excited when Nevada’s Ristorante became available for sale.

Chris’ personal background is actually not in the hospitality industry: he studied computer science and worked for several years for Sony Canada. Three years ago he decided to team up with his parents to get into the restaurant business himself. He indicated that one family member is on the premises at all times, and they enjoy a great working relationship and have lots of fun together. He does not have much spare time these days, but is gearing up towards a big change in his own life: Chris and his wife are expecting their first baby this March!

Dimitra, Chris’ mom, was born in Greece in Kalamata, located on the large Southern Greek peninsula called the Peloponnese. She graduated from high school in 1973 and by that time her older sister and brother had already immigrated to Toronto. Her mother was here too, and in 1974 Dimitra herself came to Canada. From 1976 to 1978 she moved back to Greece, where she worked together with her husband. Since then the couple moved back to Canada, where they now have strong roots. Altogether 16 of Dimitra’s nephews and nieces were born in Canada and all the uncles, aunts and cousins have a tight family relationship and enjoy spending time together.

Gus and Dimitra only live ten minutes away from the restaurant, and Dimitra often comes here to cover the mid-day shift, while Gus or Chris cover the evening shift. Gus also handles the purchasing and buys the fruits and vegetables at the Ontario Food Terminal. Chris added that they have made a commitment to healthy eating, so they now use vegetable oil instead of shortening in the deep fryer. 95% of the sauces are now home-made, and they have minimized the use of preservatives or MSG.

Chris enjoys making people happy. He said when people come out to a restaurant they want to have a good time. Many of the regulars have become like family to Chris, and they are drawn back time and time again by the cozy atmosphere, the friendly service and the excellent food.

There are also a few new initiatives on the horizon for Nevada’s Ristorante: in the next few weeks the restaurant will be closing down for two to three weeks for some renovations. Chris is planning to relocate the bar to the back of the main dining room, so tables can be set up in the front which will allow for a beautiful view of the action on Queen Street. He has also been thinking about integrating live music and theme nights into his entertainment offering. This could include a Greek night with some belly dancing, or an Italian or Mexican themed night with ethnic music and food.

Another new initiative will include freshly baked bread that can be purchased on a walk-in basis. This will include olive bread and foccaccia. Cooking classes are another idea that has been floating through Chris’ mind; he is planning to set up the dining room upstairs for free cooking classes which he is planning to hold three to four times a year. Chris is envisioning many things to get the neighbourhood more involved in the hospitality experience.

Creative entrepreneurship also manifests itself in the form of a collaboration with the recently opened Bizzy Bee Playcentre, a safe and fun indoor playground complete with slides and ball pits, pretend play areas, sand table, paints and crafts, construction play, and an infant zone. Along with a number of other local businesses, Nevada’s Ristorante participates in a Shop + Dine program, where patrons receive two hours of free child care at the Bizzy Bee Playcentre if they spend $25 or more per child. A practical idea for a local romantic dinner getaway…

After this detailed explanation and a tour of the facilities, I went upstairs to get ready for my own dinner. My friend Leslie and I sat down at a cozy second floor table overlooking busy Queen Street. We both commented that we really enjoyed the décor, and one table in particular, a small table at the north-west corner with a private window, is ideally made for a romantic tête-à-tête dinner. With Valentine’s Day coming up we figured that this table would have no trouble getting sold out.

All this dinner talk had got us nice and ready for our own culinary experience. I started my meal off with a tasty Potato Leek Soup, accompanied by a piece of foccaccia bread with subtle Mediterranean flavours. I am a huge fan of appetizers, and it was hard to choose just one from a wide selection of appealing choices. I did settle on a Walnut Crusted Brie while Leslie had the Indochine Spring Rolls. I then moved on to a Shrimp – Asparagus Risotto while my friend had the Pollo Maximus, consisting of a breast of chicken with wild mushrooms, leeks, sun-dried tomatoes, roasted garlic in a sweet basil chardonnay reduction. After an amazingly filling and scrumptious dinner neither she nor I had any further space in our bellies to try some of the amazing desserts. I would have loved to have a bite of some of Nevada’s sweet treats, but I was not even able to finish my main course and had to bring half my dinner home in a doggie bag.

Chris and his staff came by several times to check up on us and see if we needed anything else. The service was discreet yet attentive. Leslie and I had a wonderful time catching up, two busy women who had not seen each other for quite some time, and our evening at Nevada’s Ristorante was the perfect opportunity to reconnect.

OSHA Construction Safety Training – New State Requirements

Since 1970, the Occupational Safety and Health Administration has helped to minimize hazardous work environments and promote worker safety. As a result, the total rate of workplace injuries and illnesses significantly declined. What’s even better, numerous states have adopted OSHA approved safety and health programs to perpetuate the trend. And now some states are taking it a step further.

Several states have passed a bill requiring OSHA training including: New York, New Hampshire, Connecticut, Missouri, Nevada, Massachusetts and Rhode Island. Similar in each state, the bill requires all construction workers to complete an OSHA approved construction training course. This not only is a smart idea for employers and contractors to provide the training (even if not required) but to ensure a safe job site. In addition, an OSHA citation can be a costly one.

Most recent is Nevada’s bill, signed on June 5th, 2009, which was said to be driven by the 12 construction deaths that occurred along Las Vegas Boulevard in a period of just 18 months. Created to increase construction safety, this new bill requires all employees and supervisors to complete OSHA training within 15 days of being hired. The law goes into effect January 1st, 2010.

Not surprisingly, OSHA 10-hour construction course enrollments for Missouri, New York and surrounding states have dramatically increased over the last few months. And Nevada is soon to follow.

A new trend? With OSHA training available online, meeting the state requirements is even easier. For workers needing their OSHA 10-hour card, location, class availability and access will not be an issue. Even travel costs and time away from work are eliminated. Students are given up to 6 months to complete the training which provides an OSHA 10-Hour Completion Card upon graduation.

OSHA online 10-hour training can cost anywhere between $89-$125 depending on the course and the training institute you select. Also, certain companies give bulk discounts for signing up multiple students at one time which gives a nice discount to employers impacted by these new state laws.

An Accountant Talks About The Many Benefits Of Living In Nevada

Living in the state of Nevada may not seem special, but it is a big deal as far as taxes are concerned. Nevada is one of five states that do not have a personal income tax. As an accountant who works with individuals and businesses in Nevada, I wanted to discuss the tax benefits of living here.

No Make-Up Taxes

If a state does not have a personal income tax, they tend to make up for it with another tax. For example, the state of Texas does not have a personal income tax, but property taxes are substantially higher than in other parts of the country. Nevada is the best of both worlds because there is no state income tax, there are really no hidden taxes, and our sales tax is not outrageous.

Where Does Nevada Get the Money?

Historically Nevada gets the needed tax revenue from the mining, casino, and construction industry. The state needs the money to fund emergency services and other state services, so in this state that is how they make up for not having an income tax.

What Does It Mean?

If you compare our taxes to our neighbor to the west, California, we have huge benefits. The first is the income tax benefit, because California has income taxes of up to 9.3% at the individual level. In addition, the utility cost, and other costs to run a business are substantially lower in Nevada. Because of the lower taxes, Nevada is known to be great place to relocate your business to.

Other Reasons to Move to Nevada

The other major benefits for moving to Nevada are related to energy efficiency. Nevada is a state that sees a lot of sun and wind. Because of the surplus of sun and wind, companies who are exploring alternative energy may choose to relocate to Nevada. We also are an attractive state to geo-thermal companies with the numerous hot springs we have. As an accountant, I think that Nevada has many benefits and if you are thinking about relocating your business, it might be the right place.

Why Do Some Businesses Not Move To Nevada?

Although I think there are some great financial benefits and energy benefits to moving to Nevada, there is one thing that restricts some companies-water. When I worked for a division of Dole, we considered moving our frozen fruit operation into the state of Nevada for all the reasons that I talked about before. We could save a lot and it looked like a good decision until we realized that water is not abundant in Nevada. The reason that we did not move to Nevada was that we required a large volume of water.

If you are considering moving your company to Nevada, you should contact an experienced accountant and discuss the benefits. You will also want to consider the cost to move your company. Sometimes the cost to move will be so large that the savings will never make up for it.

Nevada Jobs Decline

More Nevada jobs were lost last month.

During May, the State of Nevada saw its unemployment rate increase from 10.6 percent to 11.3 percent. The state had a total non-farm employment of 1,199,300 workers during May, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 1,201,600 workers during April and a 6.1 percent decrease from last year.

Once again, as with many other states and industries, Nevada’s construction industry took the biggest hit when compared to last year. That industry employed 95,100 workers during May, down from 97,100 workers during April and a 20.3 percent decrease from last year.

Other industries that saw an over-the-year decrease in jobs during May include:
-manufacturing by 7.8 percent
-trade, transportation and utilities by 3.4 percent
-information by 8.8 percent
-financial activities by 4.2 percent
-professional and business services by 8.7 percent
-leisure and hospitality by 6.2 percent
-other services by 1.6 percent
-government by 2.6 percent

Only two industries saw an increase in jobs when compared to last year. The mining and logging industry employed 12,400 workers during May, down from 12,500 workers during April, but a 2.5 percent increase from last year. The education and health services industry employed 96,800 workers during May, down from 97,300 workers during April, but a 1.4 percent increase from last year.

The nation as a whole saw its unemployment rate increase from 8.9 percent to 9.4 percent during May. Non-farm payroll employment declined by 345,000 jobs, about half the average monthly decline for the last six months. The country experienced strong losses in the manufacturing industry, while losses in the construction industry and other service-providing industries began to level off.

Charter Bus: Nevada for Conventions and Entertainment

Las Vegas in Nevada is known as the live entertainment capital of the world although Los Angeles is also claiming the title because Hollywood is located there. Nevada is also famous for its convention facilities with groups of people coming and going through Charter Bus. Nevada conventioneers find the state an ideal venue because of its numerous attractions and recreation possibilities.

Nevada enjoys more than 300 days of sunshine annually. The public lands of Nevada just outside the casino strip provide various types of outdoor recreation like biking and hiking or hunting and fishing. For people whose preference is indoor fun, there are cultural experiences, historic landmarks, spas and resorts in addition to the casinos. This is why conventioneers from every type of industry or group choose Nevada because the area offers something for everyone.

Must see places in Nevada are Las Vegas, Reno and Lake Tahoe, Cowboy Country, Silver Trails and the Indian Territory. During winter, Nevada provides excellent snow sports with its perfect powdery snow. There are numerous resorts in Lake Tahoe in the northern part of Nevada to visit or you can choose to go to southern Nevada to the Last Vegas Ski & Snowboard Resort. This is why it is best to plan your trip with a Charter Bus. Nevada charter buses will make you maximize the recreational opportunities of your convention group.

Throughout Nevada are numerous state parks with historical significance that offer visitors peace and serenity. For history buffs, there are state museums with ancient artifacts. One notable attraction is riding the restored Virginia & Truckee railcars at Carson City’s Nevada State Railroad Museum. Those who want pampering can do so at any of the luxurious spas found throughout Nevada.

Convention trip planning needs to incorporate special memories for the visitors. However, the planner must keep in mind that the main purpose of the delegation is to network with associates and possible business partners. Opportunities to mingle and meet other people must be provided in the itinerary, aside from attendance of the formal program and listening to the speakers.

When In Nevada, do not fail to visit Boulder City’s Hoover Dam – one of the best known of Nevada’s landmarks. Constructed in 1936, it is located between Lake Mead and the Colorado River, towering more than 720 feet and weighing more than 6 million tons. Millions of tourists from all over the world visit the dam every year.

Both glittering cities of Reno and Las Vegas welcome visitors to Nevada with flashing neon lights. Reno in northern Nevada is called the “biggest little city in the World.” On the other extreme is the 110,000 sq. mi. of desert, valleys, mountains, rivers and lakes found in Nevada. There are sand boarding and snowmobiling activities, fishing, horseback riding and hunting. It will not be as tiring when you are riding to your destination in a comfortable and spacious Charter Bus. Nevada trips can be exhausting if you are riding a compact car or a small van.

Itinerary planning should be based on the prevailing weather conditions during the days of the trip on the intended destination. As Nevada offers interesting outdoor destination as well as indoor attractions, there is no need to radically adjust the planned dates if the weather conditions do not permit outdoor activities. Sightseeing and good companionship can still be enjoyed while riding a Charter Bus. Nevada has lots to offer indoors and outdoors.

Nevada Fails to Promote Solar Energy

As the nation’s capital creates legislation that is likely to transform the landscape of America from a fossil-fuel nation toward a renewable energy nation, states like Nevada – with its abundant sunshine, wide open spaces and concentrated population located in two major cities – stand to gain.

Nevada has already heeded the call of renewables. Plans for two coal-fired generating plants in White Pine County – by LS Power and Nevada Energy – have been canceled. Another coal-fired plant near Mesquite hit the skids earlier in the year.

Cap-and-trade, which threatens to make global warming emissions incrementally more expensive over time, is one of the bigger incentives to move away from coal, oil and natural gas. But another, a $3.2-billion provision hidden away in the economic stimulus bill passed in February, gives power companies in the West access to low-cost loans via the Western Power Authority that will help extend the nation’s transmission system to incorporate renewable energies like solar.

It’s a first step toward a smarter grid, and an essential step if renewable alternatives like solar and wind farms, commonly built well outside inhabited areas, are to reach the thousands in cities who need more energy, and would prefer it clean and green.

At least, this is the conclusion reached by a new Roper survey, which shows that almost 90 percent of Americans think new home construction should offer a solar option. This is up from 79 percent a year ago, according to the study commissioned by Sharp Electronics Corp.

The $3.2 provision, introduced by Sen. Harry Reid (D-Nv.), the current Senate Majority head, solves a long-standing Catch 22: investors are reluctant to finance renewable projects unless the transmission lines exist to transport it. But investors are also reluctant to invest in transmission lines until said renewable projects are up and running.

Up to now, the solution to this dilemma has been to build more fossil-fuel plants close to existing plants and tie the plant in to existing transmission. Coal-fired plants are cheap to build, domestic coal is believed to be plentiful, and is also inexpensive, allowing builders to recoup their construction costs quite rapidly.

But let’s go back to that plentiful coal. According to a report released by the U.S. Geological Survey (USGS) late in 2008, coal reserves in the Gillette, Wyoming field are – thanks to reevaluation and a redefining of the term “accessible” – a scarce 6 percent of previous estimates.

Another report from 2007, which dismisses previous methods of evaluating coal reserves, suggests that actual coal reserves across the country might be much smaller than previously supposed. In effect, say some experts, the U.S. only has enough coal to last about 20 years.

In light of this, it suddenly makes sense to build a $500-million line between Las Vegas and Ely to carry solar power. And both LS Power and NV Energy, having scrapped coal plans, are going ahead with transmission planning, because Nevada – with its 2005 mandate on utilities to provide 9 percent from renewables – is finally catching up, even if four years late.

Nevada’s Senate Bill 358, which will allow NV Energy to recover conservation losses through higher rates, is another incentive to go green, even though regional enviros regard it as a utility bailout.

The 2005 law mandates utilities like NV Energy and Nevada Power to produce 20 percent of power via renewables by 2015, and 25 percent by 2025. With the new power line a go, solar energy firms like First Solar should begin flocking to Nevada’s wide open spaces and 360 days of sunshine a year any time now.

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How the Recession Is Affecting the Commercial Construction Industry

The ‘Great Recession’ theoretically lasted about 18 months, from 2007 to 2009. Recovery has been agonizingly slow in many industries but we are now in 2015 and the construction industry is more rapidly shrugging off the residual effects of the recession.

How Bad Was It?

Even though construction industry is cyclical and recession typically follows a boom period, nothing could have prepared it for the harsh and widespread reach of the recession:

Residential: Homeowners defaulted on homes and others delayed buying homes, leading to a glut of residential real estate languishing in realtors’ inventory.

Commercial: Commercial construction also was hard hit, severely impacted by the federal budget sequester and eventual-but-temporary shutdown, followed by scaled back government spending, and sharply reduced lending practices.

Institutional: Institutional construction remained stagnant, affected by the same limitations and funding problems that the commercial construction sector faced.

How Were Construction Workers Affected?

Nevada, California, Florida, and Arizona are typically areas with plenty of construction work. But the recession changed that:

Nevada employed an estimated 146,000 construction workers at the peak of its construction boom. That number was reduced by 59 percent.

Arizona’s construction employment dropped 50 percent from its pre-recession industry peak.

Florida was close on the industry-related unemployment heels of Nevada and Arizona, losing 40 percent of its construction workforce.

California fared better but still recorded a 28 percent drop.

According to the U.S. Bureau of Labor Statistics (BLS), approximately 2.3 million construction workers lost their jobs in the recession (nearly 30 percent of the total number of lost jobs).

The overall construction industry has an estimated 1.4 million fewer construction workers in 2015 than it did in 2007.

The Construction Outlook in 2015 and Beyond

Happily, the U.S. and its construction industry continue to move away from the harshest effects of the Great Recession. Industry observers expect to see these improvements:

Non-residential construction: picking up and looking more solid, especially with the expected 2.6 percent real GDP growth in 2015. This sector may rise by 8 percent with growth in office buildings, hotels, and industrial facilities.

Single family housing: expected to increase by 11 percent in the number of residential units, thanks to easier access to home mortgage loans.

Manufacturing plant construction: will probably drop about 16 percent after huge increases of 2013 and 2014.

Institutional construction: expected to continue its moderate upward trend and increase 9% over 2014 results.

Residential construction: called the potential ‘wild card’ of 2015 because of rising interest rates. Existing home sales may climb toward 10 percent.

Public construction: growth will remain low due to ongoing federal spending constraints. However, transportation spending is expected to grow by about 2.2 percent.

Ironically, construction workers may not be rushing to return to new jobs. Many left the industry altogether, retraining for other employment.

Texas and North Dakota both show significant increases in construction employment. North Dakota now needs to recruit construction workers. Texas’ construction employment is up 10 percent, nearing its pre-recession peak.

Economists don’t expect the construction industry to return to its peak level (2006) until 2022 or later. However, the BLS anticipates that the fastest-growing jobs now and 2022 will be in healthcare and construction.

So while the Great Recession did a considerable amount of damage to the overall economy, individual incomes, and morale, 2015 and beyond are looking considerably more favorable in the commercial construction industry.

Please contact us at Tazar If you looking for a MLS listings MA or if you’re looking for a Boston apartments.

Thank you for reading.

Reno Nevada

Reno is the county seat of Washoe County, Nevada. The documented 2000 census reveals that Reno had a total population of 180,480, becoming the third largest city in Nevada, after Las Vegas and Henderson. Recent estimations place the population of the city at 207,000. Reno lies twenty-six miles north of the Carson City, which is Nevada’s state capital, and 22 miles north east of Lake Tahoe in the high desert. Reno is recognized as The Biggest Little City in the World and is renowned for its casinos. Reno is the commercial head office for International Game Technology. International Game Technology constructs most of the world’s gaming and gambling slot machines.

There are four seasons in Reno. The winters witness snowfall, though it is rarely heavy. Most precipitation happens in winter and spring, with summer and fall being very dry, much like the neighboring California. The low humidity and high elevation usually make even the hottest and coldest days fairly tolerable. July, high and low temperatures average at 91 and 51, while in January this falls to 45 and 22.

Reno is a great place for trade. In Reno there is no corporate income tax or personal income tax. In addition, there is no estate or gift tax, unitary tax, permit tax, stock tax or permit tax levied on earnings

In recent times, Reno has undergone rapid growth as a strong economic entity. The expenses of living in Reno are less than most parts of California and this has resulted in a real estate boom. New constructions are emerging up all over the city and in the surrounding valleys. A direct consequence of such speedy growth in Reno has been the drastic rise in housing prices. Reno-Sparks is being considered as one of the most overestimated housing markets in the nation.

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A Revealing and Brief History of Las Vegas Nevada

When most people think of Las Vegas, they picture the glow of the vibrant strip, the magnificent and spacious hotels, and the variety and splendor of the famous casinos. Today, you’re never far from the glitz and glamor of the vibrant and exciting nightlife. But as the brief history of Las Vegas Nevada indicates, it wasn’t always this way.

At one time, what is now Las Vegas and in fact most of southern Nevada was abundant with water and vegetation. Over time the rivers receded and marshlands dried up. What was once lush and vibrant wetlands became a scorched desert. But water trapped occasionally surfaced, nourishing plant life and creating somewhat of an oasis in the desert.

This oasis in the Mojave Desert was hidden to all – with the exception of some Native Americans – until 1829. That’s when a small group of explorers from Mexico discovered it and named it Las Vegas which means “the meadows” in Spanish.

By the 1850’s early Mormon settlers from Salt Lake City arrived. By the early 1900’s, Las Vegas became a stop on the route of the developing railway. This in turn triggered a growth in local stores, saloons and boarding houses. The original stop is located where the Plaza Hotel now stands on Fremont Street in the downtown area. It’s the only railway station in the world that is located inside a resort and casino.

Several factors in the history of Las Vegas Nevada led to its expansive growth from the 1930’s to the present day. Gambling was legalized in Nevada. Railway development continued at a steady pace. And the giant Hoover Dam construction project began. All three of these factors allowed Las Vegas to expand and flourish while many other cities were stymied by the difficulties of the depression.

This early growth triggered the construction of the first hotels on what was to later become the famous Las Vegas strip. It’s a building boom that has more or less continued to the present day.

The only name remaining from the 1940’s however is the Flamingo. Now the Flamingo Hilton, this property was among the first developed as a hotel and casino on the strip.

By the 1950’s, several more resorts were added and Vegas continued to flourish, these included the Sands, Riviera, Tropicana and Stardust hotels. Later a major convention center was constructed to lure business travelers.

When you’re enjoying today’s colourful and exciting Vegas strip, take a moment to reflect on the history of Las Vegas Nevada. It wasn’t that long ago that the entire area lay hidden in the middle of a scorched landscape.

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