Quote:
Originally Posted by Patrick
Approved means they passed the city council and they said yes. So it probably will happen.
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Getting a land use permit is easy.
The main killer of projects is a little detail called "market conditions". In LV the market conditions have turned negative for many projects, and they'll get worse.
The business media has been all over LV's plight -- Wall Street Journal, ENR, etc. Conventional wisdom has it that maybe 1/4 of LV's condo towers will get built anytime soon. A massive increase in construction prices is a key culprit.