Showing posts with label las vegas. Show all posts
Showing posts with label las vegas. Show all posts

5.22.2011

Why Las Vegas is (Probably) Not the Next Detroit

Photo credit: chepenicoli
A recent post at MarketWatch suggests that Las Vegas could be on its way to becoming the next Detroit, a metropolitan mire populated mostly by those who can't afford to leave. Indeed, the two cities share some striking parallels: both are industry towns, Detroit for auto manufacturing, and Vegas for gaming tourism; both cities experienced intense booms, Detroit at the start of the 20th century, and Vegas at the end of it; and both have been hit hard as their boom economies experienced extraordinary challenges, with Detroit facing the decline of domestic manufacturing and Vegas facing the decline of the domestic pocketbook.

But Las Vegas has a key advantage that Detroit does not share: it is dependent on an industry that is rooted in place. You can drive a car (or a factory) right out of Detroit, but Vegas succeeds because of its concentration of spectacle and excess. Vegas has long competed successfully with casinos in other cities. Atlantic City and Reno are one thing, but in the past couple of decades casinos have become popular plug-the-hole-in-the-budget schemes for cities around the US. (Even Detroit has put a lot of its downtown-revival eggs into the casino basket).

This competition has driven Vegas to become a center of innovation for the tourism and hospitality industries: it succeeds not because it is a center of glittering decadence, but because it is the center--the hub that other glitz-burgs model themselves after. The product here is a place-based experience, and that's a lot harder to outsource.

But MarketWatch also notes that Sin City has been well-trumped as the world's largest gaming center by Macau. While this fact is nothing to sneeze at, gambling tourism is not a zero-sum game considering the limits imposed by distance--that old, inconvenient truth that keeps Thomas Friedman up at night. Macau's new-found financial supremacy can be attributed more to the rise of Asian economies than a loss of interest in the Strip. Vegas remains the premier gambling center in North America, and it hardly seems likely that the good people of Omaha and Altoona will start hopping flights to the South China coast en masse any time soon.

A one-horse town will always be economically vulnerable, and the city should continue its efforts to diversify. Las Vegas' reliance on such an unstable industry played an undeniable role in magnifying the impact of the foreclosure crisis there (when your income shrinks, vacations are often the first thing to get cut from the budget). Still, don't bet against a comeback. "What happens in Vegas, stays in Vegas" turns out to be a surprisingly apt summation of how the city's economy functions. It may be tacky and garish, but that's part of the fun; Las Vegas is a city that cannot be separated from its Brand. The place is the product.

5.06.2008

New York, Paris, London...Vegas?

Fast-forward a bit. Let's say that it's 2050, since that seems to be a popular year for speculation these days. You're living in a stylish downtown penthouse a few blocks from a gleaming transit station servicing three different high-speed lines. You work in an office building as a Chief Innovation Officer -- not a light title to carry, by any means -- for a major technology firm. One day after work, you take a train a few miles west of the bustling commercial hub where you work to a rapidly-gentrifying neighborhood to meet a friend at a sunny sidewalk cafe on a dense street filled with shops and new condos. You are living the American Dream, with a beautiful home and a fantastic job in the heart of a dynamic urban center with its finger pressed firmly against the pulse of globalized culture. You are a proud resident of one of the world's Great Cities, capital letters required.

Now, imagine that that city is Las Vegas.

It sounds like science-fiction, no? But, in a recent post written from the American Planners Association convention in Sin City, California Planning & Development Report contributor Bill Fulton argues that Vegas is on the track to claiming a spot on the shortlist of the most exciting urban places on our already highly-urbanized planet. While your initial reaction may be something along the lines of "Say whaaaaat?" (mine certainly was), there is something very refreshing -- even inspiring -- about this idea.

Fulton's argument, in a nutshell: "Vegas is a not-too-subtle reminder to planners about how great cities are really created: You stuff vast amounts of money into a tiny space for decade after decade until the mixture of wealth, commerce, entertainment, and culture becomes so combustible that it finally explodes. Paris, London, Tokyo, San Francisco, Chicago, New York – all were built on this model."

There are so many ways to poke holes in this idea, which is oversimplified almost to a fault, and in fact this post was intended to do just that. But soon after the writing began, I realized that Fulton's speculated future for Las Vegas was far more interesting (not to mention uplifting) than much of urbanism discussion today. Contrast the idea of Vegas, one of the least sustainable cities in the country, as changing its tune and reinventing itself with the Die-or-Be-Drowned harping of James Howard Kunstler, a pundit whose bullheaded pessimism and truly shocking lack of imagination have just about made him a caricature of himself. Mr. Kunstler's tireless drumbeat: "Our gigantic metroplex cities will prove to be inconsistent with the energy diet of our future. I think our smaller cities and towns will be reactivated. We are going to be a far less affluent society."

Perhaps what's missing from the debate over how cities will deal with climate change is something as simple and extraordinarily difficult as optimism. After all, the combination of wealth, commerce, entertainment, and culture is, when you boil it down, mostly what accounts for the rises of cities like New York, Paris, London, and Tokyo. But there was more to it than just a healthy skeleton; there was meat on them bones, so to speak. These Great Cities were places that generated potential as much as they generated wealth. Many millions of people moved to these cities not on the promise of a better future, but on the hope thereof.

The city of Indianapolis is easily one of the least-interesting large cities in America, if not the world. But there is a pride of place there nonetheless, and on several occasions I have read or heard discussions about how to make Indiana's capital a "world-class city." What if talking the talk is an effective way to learn how to walk the walk? The verdict is still out on Indy, but look a little to the west for an idea of what could be. After all, a good deal of Chicago's greatness came from early residents, who were famous for their ability to bluster and boast, claiming greatness long before it was actually achieved (which, incidentally, earned Chicago its most famous nickname: The Windy City). These boosters and bright thinkers pushed and shoved their city into greatness, and without them Chicago would likely be a very different place today.

So who says that Vegas can't become, as Fulton suggests "the next New York?" While it would seem like a miracle to most of us living today, stranger things have certainly happened, and in less time. Thomas Friedman wrote in a recent column for the NY Times that "[Americans] want to do nation-building. They really do. But they want to do nation-building in America...They want our country to matter again. They want it to be about building wealth and dignity — big profits and big purposes. When we just do one, we are less than the sum of our parts. When we do both...no one can touch us."

There is a palpable desire in this country for very real and serious change (notably reflected in the presidential candidates' impassioned adoption of that very term in the current election season). Who are we to look to to shape how we think about the future? People like Fulton...or people like Kunstler?

(Photo from Flickr user Christopher Chan. The original full-color version can be viewed by clicking the photo.)


Links:
APA Conference: Love It Or Hate It, Vegas Is A Great City In The Making (CDPR)

Suburbia's End? (Richard Florida)

Who Will Tell the People? (NY Times)