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:
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)