Economy
The downtown area is primarily been based on tourism, as is the case in the greater Las Vegas Valley. Although the smaller downtown casinos earn revenues that pale in comparison to the mega resorts of the Las Vegas Strip further south. As of 2012, there have been ongoing renovations of several downtown resorts such as The Plaza, Golden Gate Hotel, and Golden Nugget.
There does exist some corporate offices as well as a World Market Center for trade shows and conventions. Recently, the opening of the Lou Ruvo Center for Brain Health and the arrival of the new Zappos headquarters downtown has started to attract new medical and technology oriented businesses to the area.
Read more about this topic: Downtown Las Vegas
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)