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Business

For Las Vegas business news covering casinos, energy, housing, entrepreneurs and more turn to the Las Vegas Review-Journal.

THE LATEST Business NEWS
It’s over on the edge: Plans for outskirts out

That screeching sound heard throughout Las Vegas Valley is the brakes being applied not only to large-scale Strip projects, but to many of the residential and mixed-use projects planned for the outskirts of town and outlying rural areas.

THIS WEEK

Major business events and economic events scheduled for the coming week:

Bureau, environmental group urge review of Ely power plant

The attorney general’s office and an environmental group argue that it’s time for Nevada Power Co. to completely review the $5 billion coal-fired power project at Ely and other power alternatives.

Silver State Bank seized and sold

State and federal bank regulators late Friday announced the seizure and sale of Henderson-based Silver State Bank, which bet its future on Las Vegas real estate values and lost.

Moulin Rouge buyouts stalled

Six months after the Las Vegas City Council approved plans for a gambling resort on the site of the historic Moulin Rouge casino, the area remains blighted and property owners accuse developers of reneging on promises to purchase their homes.

Cosmo condo owners may see closings in 2010

Holders of contracts for condominium units at the Cosmopolitan are expected to begin closing on their units by the second quarter of 2010, according to a letter sent on Friday to brokers by the resort’s new developer.

IN BRIEF

Perini investors OK Tutor-Saliba buyout

Navigating the unsettled skies

Two new reports this week provide insight into how slumping economies and high oil prices are taking a toll on airlines in the United States and overseas.

Las Vegas Average Gas Prices
Regular
Diesel
Source: AAA
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