Manhattan in Las Vegas.
Las Vegas has had a bad night these last few years. From one gamble to the next, the city keeps plunking down vast sums of money on new construction, and then can’t drive themselves home.
Somehow this is called ‘Manhattanization,’ in our favorite trade gem, McGraw-Hill Construction News.
Construction prices are rising along with soaring real-estate prices, driving the Manhattanization of the city.
Sounds like Las Vegification to us. Anyway, following that lead is a fairly harrowing assessment of the unmanageable sprawl that Las Vegas is quickly becoming.
But the real story is the government expenditure required on roads, schools, electricity and water to keep pace with the endless demand for McMansions and new restaurants and casinos.
- Tom McGeveran