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Las Vegas: Don't Bet Against It

LAS VEGAS-A recent Grubb & Ellis forecast says Las Vegas' resiliency will keep it growing despite the hard economic times. The city always rolls with the punches. And, good opportunities will prevail for well-capitalized investors.

By John Rebchook | Updated on December 20, 2001

LAS VEGAS-You don’t want to bet against the gambling capitol of the world. That’s the message from a recent Grubb & Ellis Co. forecast.

The recent problems in travel and tourists following the Sept. 11 terrorist attacks, already are starting to subside. “The history of Las Vegas has seen a very strong growth pattern,” according to Grubb & Ellis researchers. “The only flat growth period came during the energy shortage of the late 1970s. This would suggest today’s transportation issues, although psychological, would have a similar effect.”

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