I predict a similar fate with the Brightline West project. Those that think it won’t happen (probably) don’t understand their business model. They are as much a real estate developer as they are a transportation provider.
]]>Thanks for the catch! Agree very much with the too much of a good thing. We’re already veering from Las Vegas enough. The Knights gave all these guys a distorted view of how sports will do here. It was lightning in a bottle.
]]>I assume it’s 2,000 rooms.
An NBA team in Vegas does nothing for me, but like it or not, sports deniers, it’s a big deal to land pro sports. The cost to do so is a bit nauseating, especially when taxpayers build the playground for the billionaire owners and millionaire players, but tax breaks to big corporations that have nothing to do with sports are a thing, too. That Raiders subsidy is too much to choke down, but sports are an added draw to a major metro area. The question is, when is it too much, even for Vegas? You think Detroit has to compete with the volume of non-sports entertainment Vegas teams will compete against? Guess again, Charlie.
Landing the four major pro sports is often viewed as a good thing. In Vegas the arrival of MLB and NBA teams could be too much of a good thing.
For now, Stu dubs this good news.