Exuberance has returned to Las Vegas, casinos have never been more flourishing, and if we destroy some of them, it is to build them back better. On October 9, the two towers of the Tropicana, a relic dating from 1957, were dynamited at 02:37 hours; a great spectacle, preceded by fireworks, followed by thousands of spectators who came for the occasion. The emblematic hotel will be replaced by a baseball stadium (delegated to the Oakland Athletics team, which has left California). This is life in Las Vegas, made up of rise and fall.
In 2023, Clark County, where Las Vegas is located, achieved a record volume of transactions for the third consecutive year: 13.5 billion dollars, or 12.3 billion euros. The number of visitors to Harry-Reid Airport has surpassed the record set before the Covid-19 pandemic (57.6 million passengers in 2023), and there is talk of building a second. Shows are sold out on the Strip, the Champs-Elysées of the gaming industry.
But the recovery is far from benefiting everyone. The unemployment rate (5.5% in August) is the first in the country. The state ranked second nationally in inflation rate in 2022. The housing shortage there is described as ” crisis “to the right and to the left.
The silver state It only has six electors of the 270 necessary for the presidential candidate to be elected, according to the American system of indirect suffrage. But it is considered a crucial state, one of seven where the Nov. 5 vote will be decided. In 2020, Joe Biden won with only 33,596 votes, out of 1.4 million votes. Less than a month before the elections, the two candidates, Donald Trump and Kamala Harris, are tied in the polls, always within the margin of error.
price increase
Voters’ main concerns: rising prices and the real estate crisis. Since 2016, rents have increased by 40% while salaries have not kept pace. Homeownership, a pillar of the American dream, has become unrealizable for many, even as new housing developments are being built in the city’s exclusive western neighborhoods at $475,000 per home. As the pediment of a model apartment on West Russell Road, one of the boulevards that devour the desert, proclaims: “ownership is possible.” But especially for rich families. According to the Las Vegas real estate developers association, LV Realtors, the average price of homes doubled between 2015 and 2023. That of apartments has increased by a third since 2020.
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