Media Release

 

Monday, October 22, 2012
For Immediate Release
Communications

Contact: Diana Paul
Telephone: 229-6501

 

Millions in Investments, Thousands Of Jobs Created Downtown In Fiscal Year 2012
2012 Year In Review Publication Now Available Online

 

More than 5,200 construction workers were employed and 1,541 permanent jobs created on completed projects in the downtown Las Vegas area during fiscal year 2012, which ran from July 1, 2011, through June 30, 2012. During this period, an excess of $754 million in new projects was completed downtown. This information is detailed in a report entitled 2012 Year In Review that was recently released by the city of Las Vegas Economic and Urban Development Department and is now available online.

During the same time period, an additional 1,726 construction workers were employed on projects under construction downtown, which will generate at least 1,918 permanent jobs. These under-development projects in Las Vegas’ urban area total more than $395 million, according to the 2012 report.

“These numbers prove that it’s not all hype –  downtown Las Vegas has become the hot spot in the Las Vegas Valley to do business,” said Las Vegas Mayor Carolyn G. Goodman. “New businesses and developments of all sizes opened in downtown Las Vegas during fiscal year 2012, and more are on the way. Public-private developments and smaller-scale business startups are signaling that the downtown urban renaissance is under way.”

The publication provides pictures and brief descriptions of individual projects completed or under construction during the past fiscal year.

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