Authority OKs $231 million budget

Spillman, Benjamin
June 2009
Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP21
The article reports on the decision of the Las Vegas Convention and Visitors Authority in Nevada to reduce its budget for the 2010 fiscal year to $231 million. The U.S. recession is cited as the main reason behind the budget cutbacks, which lowered the price of hotel rooms in Las Vegas more than 25 percent since last budget presentation. It is assumed by the authority under the new budget that room rates will average $80 through the upcoming 12 months.


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