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Business -- Mar. 08, 2007

Daily Photo

Peter Becker of Las Vegas prepares to bid on a parcel Wednesday during an auction at the Bureau of Land Management field office. Becker had a winning bid of $1.2 million on a 2.5-acre parcel, one of four parcels totaling 25 acres that were snagged at the auction. Photo by Ronda Churchill.
FEW ACRES, FEW BIDS
If the Bureau of Land Management public land auction is any indication, Las Vegas has turned into a buyer's market as demand for land has slackened and sales have slowed.

FUEL COSTS: Las Vegas gasoline prices soar
The summer driving season remains three months away, but the price of gasoline in Las Vegas is already moving higher.



BUSINESS DIGEST

FEW ACRES, FEW BIDS
If the Bureau of Land Management public land auction is any indication, Las Vegas has turned into a buyer's market as demand for land has slackened and sales have slowed.

Bill to establish mortgage commission kindles discussion
A bill to establish a seven-member Mortgage Lending Commission stirred discussion Wednesday at a Senate Commerce and Labor Commission meeting.

IN BRIEF

'Runway chic' will meet 'runway cheap' on the Strip
"Runway chic" will become "runway cheap" in Las Vegas when a low-cost, high-fashion retail outlet opens in late summer on the Strip.

Court misinterpreted law in utility case, speaker says
A unanimous Nevada Supreme Court last summer misinterpreted state law when it ordered state utility regulators to raise rates by $180 million for Nevada Power Co., Assembly Speaker Barbara Buckley told a panel on Wednesday.

INSIDE BUSINESS
Contractors group slates workshop

Primm purchase gets board support
The growing Herbst Gaming operation received tentative approval Wednesday to acquire its largest assets yet, the three Primm casinos on the Nevada-California border now operated by MGM Mirage.

FUEL COSTS: Las Vegas gasoline prices soar
The summer driving season remains three months away, but the price of gasoline in Las Vegas is already moving higher.


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