Annual Preview Las Vegas Event Paints Positive Picture - 8 News NOW

Annual Preview Las Vegas Event Paints Positive Picture

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LAS VEGAS -- The future appears bright for the Las Vegas valley, according to the Las Vegas Metro Chamber of Commerce which held its annual Preview Las Vegas event Friday.

Thousands of people paid $80 to attend the event at the Cox Pavilion and hear information that impacts everyone from the Las Vegas Strip to the suburbs.

Preview Las Vegas is all about business, the economy, and jobs.

"While there are some things to be concerned about, I don't know how you're not optimistic on where on economy has been and where it is today," said Jeremy Aguero, principal analyst with the local research firm Applied Analysis. "We're seeing population growth, adding new jobs, the unemployment rate is dropping faster than anywhere else in the United States. We're seeing diversification of our underlying economy."

Even with the positive outlook, there are some concerns, especially when it comes to housing.

"We've used some policy decisions to create a housing market that has quite a few people living in a home that they're not paying for. At some point, that's going to have to give," Aguero said.

Water worries will also continue to plague the valley, as will a lacking educational system and concerns about public safety.

"Crime rates have risen over the past 12 months as the number of police officers have come down. That's something we are absolutely concerned about," Aguero said.

"I am absolutely positive that 2014 will be better than 2013," said Robert Potter, the president of Affordable Concepts General Contractor. "Business is good. It's better than it was last year. There's a lot of activity on the street. That's a very positive sign."

 

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