Las Vegas Construction Meltdown
by Tim Fausch
February 11, 2009
I had heard that Las
Vegas construction was in huge trouble. According to
the reports, the financial meltdown had broken the city’s back. The cranes were
idle, the jackhammers silent and the workers sent packing. Put a fork in all
those huge building projects--they're dead.
Regardless, after a month of sub-zero temperatures in Michigan, I was thrilled to head to Las Vegas to attend three trade shows last
week. Not only would I find out what flooring, roofing, and site prep pros are
encountering, I could witness firsthand all those building projects left for
dead.
To get a closer look, I strapped on my New Balance shoes and
starting running. I made it about a hundred yards from my hotel, Planet
Hollywood, when the giant PH Westgate Towers project gleamed at me.
Too bad it’s shut down, I thought. The building envelope was
nearly complete.
But it wasn’t shut down. Workers were on the ground, in the
building and yes, even operating a crane. At least one Las Vegas project was on track.
I ran down Harmon
Street until I came to some utility trucks near
the Hard Rock Hotel. It appeared the cable and electric companies were
installing new lines. Next to them was a worker on a hoist spray-coating a new
parking structure. And just a few yards further was a large crew operating
earthmoving equipment to reshape the hotel’s entrance.
OK, at least entertainment-themed hotels were still
expanding. Yet I was certain the carcasses of dozens of buildings were just
ahead on the Las Vegas Boulevard.
As I headed north on the strip, I braced for the worst. I
was approaching the $8 billion City Center project, which had promised to redefine the Las Vegas skyline.
Without a doubt, this mammoth project would be a ghost town, an eerie tribute
to the depth of our economic crisis.
But surprisingly, even from a distance, I could see that the
project had made significant progress since my last visit. The skeletal shape
of numerous buildings came into view.
Once I got closer, I saw steel, cement and glass in great
quantities, plus the foundations for some type of elevated tram system.
As I approached the site, I heard the wonderful sound of
work vehicles, power tools and heavy equipment. Amongst the dust, dozens—no, hundreds
of vest-clad construction workers peppered the buildings. And yes, even some
cranes were operating.
I took a few moments to enjoy this scene. Construction pros
were working all over Las Vegas.
New construction had not ground to a halt. Most projects, while suffering, were
still moving forward.
Yes, I know that project financiers and managers are still
wringing their hands. They are deathly concerned their construction loans will
be called, investors will bail and the funds needed to keep construction pros
on the job will disappear.
But at least for now, those pros are still working. Let’s
hope carpenters, plumbers, HVAC, stone and tile, drywallers, carpet layers,
flooring installers, electricians and dozens of other tradesmen and women will
get their chance to finish those jobs soon.
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By: Bill Rogers
Posted: February 11, 2009 12:33 PM
too bad we didn't hook up last week, i was also in Vegas attending just the World of Concrete show. I agree with your observations, but would add that the work being performed is just a skelaton of its former self. The trade unions, who perform much of the work on the strip, reported to me hundreds of workers on their books, waiting for something to break. The first time they ahve seen this much unemployment in a good long while, maybe even since 9-11.
By: Tim Fausch
Posted: February 11, 2009 8:53 PM
I wrote this blog hoping those closer to the situation in LV would weigh in. While I was pleased to see some construction, it's true that what I saw was skeletal. What are the unions anticipating in the months ahead?
By: Bill Rogers
Posted: February 12, 2009 11:32 AM
It might be awhile before things turn around enough for confidence to begin to turn around.
Sort of a "trickel up" concept I guess...
By: Mark
Posted: February 13, 2009 11:37 AM
Las Vegas is suffering like the rest of the nation. Projects have been scaled down and some condos that planned to be for sale are now going to be rentals. It is a little tough, but not catastrophic.
there was a time when anyone with trade skill could go to vegas and get work. Now they are being very selective. Everyone is very nervous about the future.
hopefully , it will not turn
By: JOHN
Posted: March 26, 2009 3:00 PM
john @ http://www.oursteelworks.com
By: me
Posted: June 28, 2009 5:55 AM
Be aware of these machines(http://www.sasso-usa.com), they are with software bugs & mechanical defects also they have a hidden parameter that can be programed to stop the machine after a number of working hours(illegal) , so you would have to call them for assistance. The pressure rollers jam and the materials slide on the conveyor-belt. Also the rust easily.
By: me
Posted: June 28, 2009 5:56 AM
Be aware of these machines(http://www.sasso-usa.com), they are with software bugs & mechanical defects also they have a hidden parameter that can be programed to stop the machine after a number of working hours(illegal) , so you would have to call them for assistance. The pressure rollers jam and the materials slide on the conveyor-belt. Also the rust easily.