Transcript 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.

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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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?
The Las Vegas Economy
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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
Look at Las Vegas Exports
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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
Metro Monitor 2nd Quarter 2013
Source: Brookings Institution Metro Policy
Source: Brookings Institution Metro Policy
Source: Brookings Institution Metro Policy
Source: Brookings Institution Metro Policy
Source: Brookings Institution Metro Policy
Source: Brookings Institution Metro Policy
So Why No Stadium?
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Dillon’s Rule (Boomburbs Book)
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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)
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That May be a Good Thing
The Case for the Stadium
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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
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I refer to it as a: “Convention Center
with a Football Field”