Economy
Though celebrities still retreat to Palm Springs, many today establish residences in other areas of the Coachella Valley. The city's economy now relies on tourism, and local government is largely supported by related retail sales taxes and the TOT (transient occupancy tax). It is a city of numerous festivals, conventions, and international events including the Palm Springs International Film Festival.
The world's largest rotating aerial tramcars (cable cars) can be found at the Palm Springs Aerial Tramway. These cars, built by Von Roll Tramways, ascend from Chino Canyon two-and-a-half miles up a steep incline to the station at 8,516 feet (2,596 m). The San Jacinto Wilderness is accessible from the top of the tram and there is a restaurant with notable views.
The Palm Springs Convention Center underwent a multi-million-dollar expansion and remodeling under Mayor Will Kleindienst. The City Council Sub-Committee of Mayor Kleindienst and City Council Member Chris Mills selected Fentress Bradburn Architects from Denver, Colorado for the redesign.
Numerous hotels, restaurants and attractions cater to tourists, while shoppers can find a variety of high-end boutiques in downtown and uptown Palm Springs. The city is home to 20 clothing-optional resorts catering to gay men.
Read more about this topic: Palm Springs, California
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“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)