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Exporting Consumption: The Economic Justification for a UNLV Stadium

Exporting Consumption: The Economic Justification for a UNLV Stadium. Robert Lang, Ph.D. Professor and Director Brookings Mountain West University of Nevada, Las Vegas Greenspun College of Urban Affairs UNLV CIAB Meeting—Las Vegas, NV—Oct. 31, 2013. What’s In This Talk?.

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Exporting Consumption: The Economic Justification for a UNLV Stadium

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  1. Exporting Consumption:The Economic Justification for a UNLV Stadium Robert Lang, Ph.D. Professor and Director Brookings Mountain West University of Nevada, Las Vegas Greenspun College of Urban Affairs UNLV CIAB Meeting—Las Vegas, NV—Oct. 31, 2013

  2. What’s In This Talk? • The Las Vegas Economy: “Consumption as Exports” • Comparisons With: Orlando, Phoenix, and Dallas Economies • Why Does Las Vegas Lack a Major Stadium? • Why We Need a Stadium?

  3. The Las Vegas Economy • Brookings Model—Move Away from Consumption and Toward Goods Production and Exports • But Las Vegas and Orlando are the Two Top 30 U.S. Metro Areas Where Consumption Drives Exports • We Need to Invest in Metro Assets that Help Export Consumption

  4. Look at Las Vegas Exports • Comparison with Orlando, Dallas and Phoenix Economies • Exchanges on Services and Goods with the World—2003-2012 Data • Metro-to-Metro Data on Domestic Exchanges for Goods • But First, a Quick Look at Current Economic Conditions

  5. Metro Monitor 2nd Quarter 2013 Source: Brookings Institution Metro Policy

  6. Source: Brookings Institution Metro Policy

  7. Source: Brookings Institution Metro Policy

  8. Source: Brookings Institution Metro Policy

  9. Source: Brookings Institution Metro Policy

  10. Source: Brookings Institution Metro Policy

  11. So Why No Stadium? • Dillon’s Rule (Boomburbs Book) • Nevada is a Strict Dillon’s Rule State • Contrast with Texas—Arlington • If Paradise, or Las Vegas, or Henderson Kept a Share of Sales Tax, There Would be a Major Stadium Now • No Pro Sports (So No Lobbying) • That May be a Good Thing

  12. The Case for the Stadium • It is a Key Asset in the Las Vegas Core Economy—The Export of Consumption • It Anchors the Events Economy • It Supports the Trade Show Economy • I refer to it as a: “Convention Center with a Football Field”

  13. Thank You!

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