Las Vegas Revs Up for a Comeback - Markets
Construction Equipment Distribution magazine is published by the Associated Equipment Distributors, a nonprofit trade association founded in 1919, whose membership is primarily comprised of the leading equipment dealerships and rental companies in the U.S. and Canada. AED membership also includes equipment manufacturers and industry-service firms. CED magazine has been published continuously since 1920. Associated Equipment Distributors
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Las Vegas Revs Up for a Comeback

By Joanne Costin

Article Date: 12-01-2012
Copyright(C) 2012 Associated Equipment Distributors. All Rights Reserved.


A snapshot of market conditions in the host city of the AED Summit next month: With the Great Recession fresh in their memory, local dealers adjust to a new economy.

The bigger they are, the harder they fall. This proved true for the modern boom town of Las Vegas, Nev. Once the fastest growing metro area in the country, the Great Recession hit Vegas with hurricane force, taking tourism, construction, and housing down, along with many other businesses. Seemingly overnight, the city went from leading the nation in population growth and construction spending, to leading in unemployment and foreclosures.

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