South Shore economy bouncing back
By Bill O’Driscoll, Reno Gazette-Journal
Tourism on the south end of Lake Tahoe has taken hits in recent times, from ski season-sapping drought to tribal casinos in the California foothills.
Now the region is fighting back. More than a dozen businesses, from high-rise hotel-casinos at Stateline to the small retailers in South Lake Tahoe, have finished or are proceeding with a collective $150 million in renovations, according to industry figures.
And the timing couldn’t be better, officials say, with the summer season unfolding and broad economic recovery underway.
“It’s all kind of coming together at a time when people feel better about traveling and spending more money,” said Carol Chaplin, executive director of the Lake Tahoe Visitors Authority. “We’re kind of threading the needle.”
She also cites the timing of JetBlue Airways’ new nonstop flights from New York City to Reno-Tahoe International Airport, the main gateway to Tahoe.
Difficult to read a feed from the Reno Gazette.
So. Shore economy bouncing back. Yeah!!! I sure hope so! We need it!
I’ve seen many ups and downs over the years economically. So it would be good to see a turnaround.
Let’s hope this climb to the top goes into the 10,000 ft. elevation range and beyond.
Providing work for locals at a livable wage brought on by increased business with more visitors and more locals shopping locally.Take care, OLS
Yeah – a “liveable wage” – SLT should legislate a $15 per hour minimum wage – just like other cities are doing because even the high-earning companies are low-balling employees at $8 per hour. Really? How do you live on $8 per hour? I earned $8 per hour with the Aspen Corp working on top of Ajax in 1966. – so SLT Iis about 50 years behind! Heavenly should be rquired to pay a $15 per hour minimum to operate on public land!
Prices in Tahoe aren’t high enough for you, Wahine? Forcing a higher minimum wage will only increase prices and decrease employment.
Such decisions should be left to employers and employees. If I am willing to work for a lower wage, who are you to tell me I can’t?
Come on Dog, haven’t had enough of the republican fraternity of failure? So many republican economic policy predictions gone wrong, kinda sad really. Every few months its some new ‘sky is falling’ scenario. Interest rate fears of inflation, short sighted calls for austerity with no working knowledge of why deficit spending in recessions is necessary, (working great in Europe, eh?) , deficit crying, minimum wage fears, Obamacare is going to wreck everything as we know it, on and on and on.
It’s just boring now. NONE of ANY of it has come to fruition. Being consistently wrong typically has consequences in the real world. For republicans, it’s just part of the job. What world do they live in? Not mine.
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The fear mongering from foxpublicans about having a higher minimum wage is just another failure from their ilk. Seems they have one believer on this thread. Its just a weapon of mass distraction.
I think it’s damn funny how you guys accuse everyone who has a different opinion from you of being a Republican and/or watching Fox news.
Do you think employers will simply absorb higher costs without passing them on to consumers? Do you think the government can keep interests rates artificially low forever?
Take a basic economics class.
Dog, you are loved, you really are. You have passion and I respect that. Yet you have not illustrated that you have much nuance in your talking points. If you talk like one and you write like one and you believe like one, well, you probably are one. I used to believe what you believe. What I have since learned is that markets are not omniscient. Unregulated markets are no utopia, just look over your shoulder a few years ago. We are still paying for financial market deregulation. Sure, there were other political factors involved, but essentially the crash was precipitated by end runs around sound regulations.
People are are more important than profits. There are plenty of supporting theories about how increased workers’ wages can and would create immense economic growth. Just ask the IMF, International Monetary Fund. They have recently recommended higher wages for higher overall growth. Win win, It’s called trickle UP. Trickle down is just dumb and a fantasy of the uninformed.
Thanks, Atomic. I appreciate that. But government regulation is no utopia, either. If humans are flawed (and we all are) then giving humans so much power to decide the fate of others is just guaranteeing corruption and abuse. Much more so, in my opinion, that risking the freedom to make one’s own decisions.
(Nope, not a Republican. I vote every election, but rarely vote Republican, and am not registered Republican. Never have been. And I don’t watch Fox; I don’t have a tv hooked up to anything but a Roku.)