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:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)