ATD Blog
Fri Sep 04 2009
(From the Las Vegan Sun) The region's political leaders told a real estate development group
that the local economy needs to be reshaped to deal with future
downturns and alleviate the pain felt today with lost jobs and
government revenue.
Mayors from Las Vegas, Henderson and North Las Vegas and Clark
County Commission Chairman Rory Reid said that job creation needs to be
a primary focus and called on the 2011 Legislature to look at ways to
generate revenue and build reserves that don't curtail local
governments during the next recession.
Speaking to members of the local National Association of Industry
and Office Properties last week, Reid said the county has lost about
$200 million in revenue from the state. The silver lining in the weak
economy is that government has become more efficient, but changes are
needed to sustain growth in the future, he said.
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