February 22, 2012

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Tony Las Vegas development struggles

June 29, 2009 By

Tony Las Vegas development struggles

A man strolls down an empty street in a shopping area at Lake Las Vegas in Henderson, Nev. The community was designed as both a resort and residential destination — leaving it heavily dependent on second-home buyers and tourism. Both faltered when the economy sputtered.It was a symbol of Las Vegas largesse during the good times. Now it’s an emblem of recession blues. Foreclosures have spread like a virus, and home values are falling.




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