We asked 20 Las Vegas professionals when they think the valley's economy will bounce back.
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“When the economy is improved throughout the US and enourages tourism. In turn, that will create jobs, which will be good for everyone.”
-Philip Patent, president & chief operating officer of The Coffee Bean & Tea Leaf
“I’m seeing the recovery at hand right now. I expect Las Vegas to really be back in the next couple of years.”
-Michael E. McGettigan, P.E., office manager at Terracon
“We all do something new to add to our already great city. I call it ‘reviving Las Vegas’.”
-Ray Garza, producer at Las Vegas Studios International
“The Vegas economy will return in less than five years. Real estate will rebound due to investors buying all the lowest-priced homes.”
-Dirk Ravenholt, owner of Ravenholt and Associates
“There’s a combination of tourist growth and organic job growth that restarts the housing market.”
-Michael Bartlett, west coast reporter at Credit Union Journal
“When we start supporting education in Nevada.”
-Mamie Peers, IT communications manager at UNLV
“When small businesses have access to capital to launch, expand and hire.”
-Lori Wilk, executive producer of Successipes on Blog Talk Radio
“The rest of the world experiences a boost in confidence regarding economic growth.”
-Marek Biernacinski, president/CEO of Edited by a Pro LLC
“Now. We’re on our way back.”
-Frank Gatski, president/CEO of Gatski Commercial
“The Las Vegas economy will be back when consumer confidence translates into increased revenues for our small businesses.”
-Alice Martz, president/CEO of Henderson Chamber of Commerce
“The public believes the housing market has reached bottom.”
-Randy Char, vp of sales and marketing at Ryland Homes
“When the excess real-estate inventory is absorbed and education is a priority.”
-Chris Wilcox, shareholder of Johnson Jacobson Wilcox CPAS
“Sooner than people think—I really hope.”
-Donna Smith, Realtor at Leller Williams Realty
“In mid-2012.”
-Gordon Richards, attorney at Clark & Richards, LLP
“When I get my crystal ball.”
-Bryan Miller, sanitation engineer at Republic Silver State Disposal, Inc.
“When more out-of-towners come to gamble.”
-Erin Bigelow, unemployed
“Most people predict about ten years. I think it’ll be sooner that that—five years.”
-Brenda Pisciotta, hair stylist at Aspen Day Spa & Salon
“When excess housing and gaming capacity is absorbed. 2013 or later.”
-Ted Berg, managing director of Freeport Investment Management llc
“When people have jobs.”
-Jason Proctor owner of First Class Auto Detailing