Community leaders are hopeful that the depth of the recent economic crisis in Las Vegas and Southern Nevada will motivate politicians and local government to finally take steps to assure that the economy begins the crucial, stabilizing move to diversification.
The Lied Institute for Real Estate Studies, an affiliate of the University of Las Vegas, presented a report based on the opinions of 70 local businessmen, politicians and academics. There was no question, according to the experts, that the road to diversification is the road that is needed to be taken.
It was noted that the Las Vegas Convention and Visitors Authority spends about $90 million each year to promote the resort industry all over the world, but the Nevada Economic Development Commission only spends about $6 million each year attracting businesses to the area.
Kirk Sanford is one of those rooted and invested in the strength of the economy of Las Vegas and its surrounding areas. As an investor in real estate in Southern Nevada, it would benefit Kirk Sanford along with other local businesses for the economy in the region to weather the storms of economic crisis with stability and resilience.