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Tuesday, October 7, 2014

Las Vegas Economy on a Roll as Downtown Summerlin Opens

Downtown Summerlin's 1.6 million square ft. shopping center is finally set to open to the public at 10am this Thursday.  More than a mall, Downtown Summerlin boasts shopping, dining, and entertainment (Regal movie theatre included).  Even more so, the project signals the long-awaited upturn of Southern Nevada's economy.  With over 2,000 employees on the way, the Downtown Summerlin complex is the largest off-Strip project in nearly a decade and is expected to gear the local economy for further growth and recovery.

The project began at the dawn of the Great Recession and went unfinished for over 6 years. Its empty frames mirrored the city's devastated economy as the incomplete complex sat looming over the 215 Beltway. Jeremy Aguero, principal analyst with local research and economics consulting firm Applied Analysis, told the LVRJ, "People who drove by Downtown Summerlin saw it every day. It was a symbol of just how difficult a time we went through as a community and an economy. Now it represents the opposite -- a reflection that the market has turned."

See below video for a tour of Downtown Summerlin:


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