The document provides statistics about Nevada's economy and rankings over the past 10 years. It shows that Nevada ranked #1 in population, employment, and income growth during that period. It also ranks highly in terms of business tax climate and as a destination for retirees. However, more recent data shows Nevada ranking near the bottom in terms of job growth during the recession. Unemployment has risen significantly in Nevada, particularly in Las Vegas.

2. Nevada Notables
Ranked #1 in Population Growth During the Past 10 Years
Ranked #1 in Employment Growth During the Past 10 Year
Ranked #1 in Income Growth During the Past 10 Years
Ranks #1 In Retiree In‐Migration
Ranks #3 in Terms of Business Tax Climate
Ranks Among the Nation’s Lowest In Term of Household Tax Burden
Ranks at or Near the Nation’s Highest in the Expansion Rate for
Residential, Commercial, Industrial, and Hospitality Development
Ranks Among the Largest Tourism Economies in the World

3. Laying the Foundation

5. National Economic Indicators
Real Growth in Gross Domestic Product +1.7%
US Employment Growth +0.2%
US Unemployment Rate ­0.1%
US Disposable Income Growth Rate +3.0%
Consumer Debt Growth ­3.1%
Consumer Price Index +1.2%
US Retail Sales +5.5%
US Construction Activity ­13.8%
US New Home Sales ­34.2%
US Housing Price Appreciation Rate ­4.9%
Value of the US Dollar +0.8%
S&P 500 +2.8%
Consumer Confidence Index ­ Expectations ­1.8%
Intent to Vacation ­1.1%

6. Pattern of the U.S. Economic Recovery
Gross Domestic Product US Employment Dow Jones Indus. Avg.
(Annualized Growth) (Monthly Change) (Y‐O‐Y Growth)
6% 600 60%
4% 400
40%
200
2%
20%
0
0%
­200 0%
­2%
­400
­20%
­4%
­600
­6% ­40%
­800
(in thousands)
­8% ­1,000 ­60%
'07 '08 '09 '10 '07 '08 '09 '10 '07 '08 '09 '10

9. United States Unemployment Rate
Monthly Series
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: U.S. Department of Labor: Bureau of Labor Statistics

10. Average Weekly Hours Worked
Monthly Series
36.0
35.5
35.0
34.5
34.0
33.5
33.0
32.5
32.0
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: U.S. Department of Labor: Bureau of Labor Statistics

11. Over Extended
Consumer
Real Estate
Financial Crisis
Collapse

12. Over Extended
Consumer

13. Household Net Worth
Total Net Worth
$70 Peak:
Trillions
$66 Trillion
$60 Current:
$54 Trillion
$50
$40
The Bust and Recovery
$30
$20
Tech
$10 Normal Bubble The
Growth “The Warning” Boom
$0
'80 '83 '86 '89 '92 '95 '98 '01 '04 '07 '10

14. Total Domestic Nonfinancial Debt
As a % of GDP
260%
240%
220%
200%
180%
50­Year Mean = 163%
160%
140%
120%
100%
'52 '56 '60 '64 '68 '72 '76 '80 '84 '88 '92 '96 '00 '04 '08
Source: U.S. Federal Reserve – Z.1 Flow of Funds Accounts

15. Outstanding Credit Ratios
As a Percent of Disposable Income
140%
% of
130% Disposable
Income
120%
110%
100%
90%
80%
70%
60%
50%
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: U.S. Federal Reserve – Z.1 Flow of Funds Accounts

16. Mortgage Equity Withdrawal
As a % of Disposable Income
14%
12%
10%
8%
6%
4%
2%
0%
­2%
­4%
­6%
­8%
'91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09

18. Consumption and Savings
As a Percentage of Disposable Income
96% 16%
94% 14%
Consumption
92% 12%
90% 10%
88% 8%
86% Personal 6%
Savings
84% 4%
82% 2%
80% 0%
'80 '83 '86 '89 '92 '95 '98 '01 '04 '07 '10
Source: U.S. Department of Commerce – Bureau of Economic Analysis

19. Personal Consumption
Annualized Growth Rates
10%
8%
6%
4%
2%
0%
­2%
­4%
12341234123412341234123412341234123412341234
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source: U.S. Department of Commerce: Bureau of Economic Analysis

20. Growth in US Retail Sales
vs. Same Month Previous Year
15%
10%
5%
0%
­5%
­10%
­15%
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source: U.S. Department of Commerce: Census Bureau

21. New Consumer Debt
Monthly Series
$250
Billions
$200
$150
$100
$50
$0
­$50
­$100
­$150
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source: U.S. Federal Reserve

22. Consumer Confidence Index
200
Present Situation
180 Future Expectations
160
140
120
100
80
60
40
20
0
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: Consumer Conference Board

23. Consumer Confidence Index
200
Present Situation
180 Future Expectations
160
140
120
100
80
60
40
20
0
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: Consumer Conference Board

24. Consumer Confidence Index
200
Present Situation
180 Future Expectations
160
140
120
100
80
60
40
20
0
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: Consumer Conference Board

25. Real Estate
Crisis

26. New Home Sales Residential Permitting New Home Pricing
Remain Low Remains Low Remains Low
140 2,500 $280
120 $260
2,000
100 $240
1,500
80 $220
60 $200
1,000
40 $180
500
20 $160
Thousands Thousands Thousands
0 0 $140
'00 '03 '06 '09 '00 '03 '06 '09 '00 '03 '06 '09
Source: U.S. Department of Commerce – Bureau of Economic Analysis

27. Housing Market Instability
Select Markets
Foreclosure Rates (Q1+Q2 ‘10)
United States: 1 in 78
Colorado: 1 in 71
Idaho: 1 in 59
Utah: 1 in 52
California: 1 in 39
Arizona: 1 in 30
Nevada: 1 in 17
Source: RealtyTrac

28. New Foreclosures
United States
120,000
100,000
80,000
60,000
40,000
20,000
0
'03 '04 '05 '06 '07 '08 '09 '10
Source: Foreclosure.com

29. Foreclosure Starts
% of all mortgages each quarter
1.6%
1.4%
1.2%
1.0%
0.8%
0.6%
0.4%
0.2%
0.0%
12341234123412341234123412341234123412341234
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source: Mortgage Bankers Association

30. Delinquency Rates at Commercial Banks
Real Estate Loans by Type
12%
10%
Commercial
Real Estate
8%
All Real
Estate
6%
4%
2%
Residential
Real Estate
0%
1987 1990 1993 1996 1999 2002 2005 2008

31. Financial
Collapse

32. 3­Month LIBOR/T­Bill Spread
Daily Series
5%
4%
3%
2%
1%
0%
2006 2007 2008 2009 2010

33. Total Loans and Leases at Commercial Banks
(in billions)
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10
Source: U.S. Federal Reserve

34. Growth in U.S. Construction Activity
Trailing 12­Month Averages
15%
10%
5%
0%
­5%
­10%
­15%
­20%
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source: U.S. Department of Commerce: Census Bureau

35. United States Job Growth ­ 2006
NV #4
+4.6%
Source(s): Maps by Applied Analysis; based on data from the United States Bureau of Labor Statistics

36. United States Job Growth ­ 2007
NV #27
+1.0%
Source(s): Maps by Applied Analysis; based on data from the United States Bureau of Labor Statistics

37. United States Job Growth ­ 2008
NV #49
‐2.2%
Source(s): Maps by Applied Analysis; based on data from the United States Bureau of Labor Statistics

38. United States Job Growth ­ 2009
NV #51
‐9.1%
Source(s): Maps by Applied Analysis; based on data from the United States Bureau of Labor Statistics

39. United States Job Growth – 2010(p)
NV #51
‐1.8%
Source(s): Maps by Applied Analysis; based on data from the United States Bureau of Labor Statistics (As of August 2010)

41. Las Vegas MSA Employment
Monthly Series
1,000,000
950,000
Peak to Present =
900,000 ­146,400
850,000
800,000
750,000
700,000
650,000
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

42. Las Vegas MSA Employment Growth
Year‐Over‐Year Growth
80,000
60,000
40,000
20,000
0
­20,000
­40,000
­60,000
­80,000
­100,000
­120,000
'90'91'92'93'94'95'96'97'98'99'00'01'02'03'04'05'06'07'08'09'10

43. Las Vegas MSA Employment Growth
By Sector
Professional & Business Services Total Job Losses = 3,600
Other Services ­15,800 1,300
Education & Health Services 300
Leisure & Hospitality 100
Natural Resources & Mining 0
Information ­800
Manufacturing ­1,000
Government ­1,700
Financial Activities ­1,800
Trade, Transportation & Utilities ­2,300
Construction ­13,500
­20,000 ­10,000 0 10,000

44. Unemployment Rate
15% 14.8%
Las Vegas Unemployment Rate
14% US Unemployment Rate
13%
12%
11%
10%
9% 9.5%
8%
7%
6%
5%
4%
3%
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10

45. Southern Nevada
Residential Market

46. Southern Nevada Residential Market
Q2 2010 Q2 2009
Demand Indicators
New Home Sales 1,978 1,199
New Home Sales Price $193,300 $212,800
Existing Home Sales 13,477 13,476
Existing Home Sales Price $123,900 $123,800
Supply Indicators
Residential Permits 1,535 1,795
MLS Listings (end of quarter) 12,253 13,490
Foreclosures
Foreclosures – New 8,163 7,671
Foreclosures – Active (end of quarter) 8,646 8,686

47. Clark County Housing Units Permitted
Annual Series
45,000
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
'90
'91
'92
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10(p)
(P) – Preliminary; For the trailing 12­months ending August 2010

48. Multi­Family Units Permitted
Trailing 12‐Month Series
50,000 Multi‐Family Units Permitted
45,000 Single Family Units Permitted
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

49. Commercial Commercial
Buildings Permitted Permit Valuation
(Trailing 12‐Month Series) (Trailing 12‐Month Series)
1,800 $3.0
Billions
1,600
$2.5
1,400
1,200 $2.0
1,000
$1.5
800
600 $1.0
400
$0.5
200
0 $0.0
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

50. Clark County Clark County
New Home Sales New Home Sales Price
(Trailing 12‐Months) (Monthly Series)
45,000 $400,000
40,000 $350,000
35,000
$300,000
30,000
$250,000
25,000
$200,000
20,000
$150,000
15,000
$100,000
10,000
5,000 $50,000
0 $0
'03 '04 '05 '06 '07 '08 '09 '10 '03 '04 '05 '06 '07 '08 '09 '10

51. Clark County New Home Sales Price PSF
Monthly Series
$350
$300
$250
$200
$150
$100
$50
$0

52. Clark County Clark County
Existing Home Sales Existing Home Sales Price
(Trailing 12‐Months) (Monthly Series)
60,000 $350,000
50,000 $300,000
$250,000
40,000
$200,000
30,000
$150,000
20,000
$100,000
10,000 $50,000
0 $0
'03 '04 '05 '06 '07 '08 '09 '10 '03 '04 '05 '06 '07 '08 '09 '10

53. Clark County Existing Home Sales Price PSF
Monthly Series
$200
$180
$160
$140
$120
$100
$80
$60
$40
$20
$0

54. Clark County Home Sales Prices
Resale Home Prices as a Percentage of New Home Prices
110%
100%
90%
80%
70%
60%
50%
40%
'03 '04 '05 '06 '07 '08 '09 '10

55. Housing Price Appreciation
Four‐Quarter Growth Rates
50%
Las Vegas, NV United States
40%
30%
20%
10%
0%
­10%
­20%
­30%
­40%
'80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10

56. Housing Price Depreciation Rankings
By State | Q2 2010
Rank Region Year­over­year
1 Idaho ‐11.0%
2 Arizona ‐8.2%
3 Delaware ‐7.5%
4 Nevada ­7.2%
5 Florida ‐5.9%
6 Maine ‐5.4%
7 Michigan ‐5.4%
8 New Hampshire ‐5.2%
9 New Mexico ‐5.0%
10 Alabama ‐4.9%
Source: Federal Housing Finance Agency

57. Housing Price Depreciation Rankings
By Metropolitan Area | Q2 2010
Rank Region Year­over­year
1 Bend, OR ‐18.6%
2 Ocala, FL ‐18.6%
3 Madera, CA ‐17.6%
4 Lakeland‐Winter Haven, FL ‐17.6%
5 Reno‐Sparks, NV ‐17.3%
6 Orlando, FL ‐16.1%
7 Lake Havasu, AZ ‐15.1%
8 Daytona Beach, FL ‐15.0%
9 Port St. Lucie, FL ‐14.4%
10 Las Vegas, NV ­13.9%
Source: Federal Housing Finance Agency

58. Resale (MLS) Home Listings
18,000
Tenant Occupied Vacant Owner Occupied
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Sep­09 Oct­09 Nov­09 Dec­09 Jan­10 Feb­10 Mar­10 Apr­10 May­10 Jun­10 Jul­10 Aug­10 Sep­10

59. Resale (MLS) Home Listings
18,000
Tenant Occupied Vacant Owner Occupied
16,000
14,000 Homebuyer Tax Credit Expires
12,000
10,000
8,000
6,000
4,000
2,000
0
Sep­09 Oct­09 Nov­09 Dec­09 Jan­10 Feb­10 Mar­10 Apr­10 May­10 Jun­10 Jul­10 Aug­10 Sep­10

60. Clark County Active Foreclosures
Monthly Series
12,000
10,000
8,000
6,000
4,000
2,000
0
'02 '03 '04 '05 '06 '07 '08 '09 '10

61. Loans with Installments Past Due (All Loans)
15%
National Average = 9.4%
10%
5%
0%
Loans with Installments Seriously Past Due (90+ days)
10%
8%
6% National Average = 4.9%
4%
2%
0%
Source: Mortgage Bankers Association, National Delinquency Survey Q1 2010

62. Apartment Market
Q2 2010 Q2 2009
Apartment Rents (Asking Rates)
Studio $498 $572
Junior 1 Bedroom $631 $741
1 Bedroom, 1 Bathroom $670 $756
2 Bedroom, 1 Bathroom $674 $766
2 Bedroom, 2 Bathroom $830 $924
2 Bedroom Townhome $936 $1,062
3 Bedroom, 2 Bathroom $968 $1,073
Average Rent $765 $857
Occupancy Rate
End of quarter 90.7% 90.5%

63. Apartment Market
Average Monthly Rents
$950
$900
$850
$800
$750
$700
$650
$600
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'03 '04 '05 '06 '07 '08 '09 '10

64. Apartment Market
Occupancy Rate
97%
96%
95%
94%
93%
92%
91%
90%
89%
88%
87%
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'03 '04 '05 '06 '07 '08 '09 '10

65. Southern Nevada
Commercial Market

66. Southern Nevada Office Market
Overview
Q2 2010 Q2 2009
Inventory (SF) 49.7 M 49.2 M
Vacancy 24.1% 21.8%
Lease Rates $2.13 psf $2.32 psf
Net Absorption (SF) ­427,000 ­820,000
Completed (SF) ­ 365,000
Under Construction (SF) 611,000 1.4 M
Source(s): Applied Analysis

67. Southern Nevada Office Market
Inventory and Vacancy Rates
60 30%
Millions
Inventory Vacancy Rate
50 25%
40 20%
30 15%
20 10%
10 5%
0 0%
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

68. Southern Nevada Office Market
Vacant Inventory and Average Asking Rates
14 $2.40
Vacant Inventory
Millions
Avg Asking Price
12 $2.35
10 $2.30
8 $2.25
6 $2.20
4 $2.15
2 $2.10
0 $2.05
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

69. Southern Nevada Office Market
Average Asking Price Actual Lease Rates
$2.40 $2.40
$2.27 $2.20
$2.20 $2.23
$2.16
$2.13
$2.00
$2.00
$1.93
$1.80
$1.80 $0.83 PSF
$1.69
$1.60
$1.60 $1.49
$1.40
$1.30
$1.40 $1.20
Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2009 Q4 2009 Q1 2010 Q2 2010
Source(s): Applied Analysis; compilation by InBusiness Las Vegas

70. Southern Nevada Retail Market
Overview
Q2 2010 Q2 2009
Inventory (SF) 51.9 M 51.2 M
Vacancy 10.4% 10.2%
Lease Rates $1.68 psf $2.02 psf
Net Absorption (SF) 166,000 ­293,000
Completed (SF) 139,000 0
Under Construction (SF) 569,000 1.3 M
Source(s): Applied Analysis

71. Southern Nevada Retail Market
Inventory and Vacancy Rates
60 12%
Millions
Inventory Vacancy Rate
50 10%
40 8%
30 6%
20 4%
10 2%
0 0%
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

72. Southern Nevada Retail Market
Vacant Inventory and Average Asking Rates
6 $2.50
Vacant Inventory
Millions
Avg Asking Price
5 $2.25
4 $2.00
3 $1.75
2 $1.50
1 $1.25
0 $1.00
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

73. Southern Nevada Retail Market
Average Asking Price Actual Lease Rates
$2.00 $2.00
$1.95
$1.80 $1.84 $1.80
$1.72
$1.68
$1.60 $1.60 $1.64
$1.55
$1.40 $1.40 $0.52 PSF
$1.20 $1.20
$1.18 $1.16
$1.00 $1.00
Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2009 Q4 2009 Q1 2010 Q2 2010
Source(s): Applied Analysis; compilation by InBusiness Las Vegas

74. Taxable Retail Spending
Trailing 12‐Month Totals
$40
Billions
$35
$30
$25
$20
$15
$10
$5
$0
'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

75. Taxable Retail Spending
Trailing 12‐Month Growth
$6
Billions
$4
$2
$0
­$2
­$4
­$6
­$8
'90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

76. Taxable Retail Spending
Growth Rates for the Top 10 Categories
(1) Food Services & Drinking Places (19.1%) ­1.4%
(2) General Merchandise Stores (9.5%) 0.0%
(3) Clothing & Clothing Accessories (9.2%) 4.5%
(4) Motor Vehicle & Parts Dealers (8.4%) ­3.4%
(5) Accommodation (6.1%) 10.7%
(6) Merch. Wholesalers, Durables (5.1%) ­34.9%
(7) Food & Beverage Stores (3.8%) ­3.0%
(8) Rental and Leasing Services (3.6%) ­21.4%
(9) Health & Personal Care Stores (3.6%) ­9.9%
(10) Building Material, etc. (3.4%) ­18.4%
­50% ­40% ­30% ­20% ­10% 0% 10% 20%
Note: Growth rates between the trailing 12­months ending July of 2010 and 2009.

77. Southern Nevada Industrial Market
Overview
Q2 2010 Q2 2009
Inventory (SF) 103.4 M 102.6 M
Vacancy 16.2% 12.2%
Lease Rates $0.58 psf $0.71 psf
Net Absorption (SF) ­842,000 ­1.3 M
Completed (SF) 0 189,000
Under Construction (SF) 150,000 816,000
Source(s): Applied Analysis

78. Southern Nevada Industrial Market
Inventory and Vacancy Rates
105 18%
Millions
Inventory Vacancy Rate
100 15%
95 12%
90 9%
85 6%
80 3%
75 0%
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

79. Southern Nevada Industrial Market
Vacant Inventory and Average Asking Rates
20 $1.00
Millions
Vacant Inventory Avg Asking Price
18 $0.90
16 $0.80
14 $0.70
12 $0.60
10 $0.50
8 $0.40
6 $0.30
4 $0.20
2 $0.10
0 $0.00
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

80. Southern Nevada Industrial Market
Average Asking Price Actual Lease Rates
$0.70 $0.70
$0.68
$0.65 $0.65
$0.63
$0.60 $0.60
$0.60
$0.58
$0.55 $0.55
$0.50 $0.53
$0.50 $0.16 PSF
$0.51
$0.45 $0.45
$0.41 $0.42
$0.40 $0.40
Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2009 Q4 2009 Q1 2010 Q2 2010
Source(s): Applied Analysis; compilation by InBusiness Las Vegas

81. Effective Inventory in Years
Quarterly Series
7
6.5
6 Office
5
4 3.6
Industrial
3
2.4
2 Retail
1
0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
2003 2004 2005 2006 2007 2008 2009 2010
Source(s): Applied Analysis

82. Southern Nevada Vacant Land Market
Overview
Q2 2010 Q2 2009
Number of Acres Sold 744.9 395.4
Total Value Transacted $139.9 M $101.0 M
Price Per Acre $187,800 $255,300
Price Per Square Foot $4.31 $5.86
Net Appreciation Over Prior Quarter 2.9% 6.2%
Net Appreciation Over Prior Year ­26.5% ­93.8%
Source(s): Applied Analysis

83. Southern Nevada Vacant Land Market
Acres Sold
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

84. Southern Nevada Vacant Land Market
Total Value Transacted
$1,400
Millions
$1,200
$1,000
$800
$600
$400
$200
$0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

85. Southern Nevada Vacant Land Market
Price Per Acre (Non‐Resort)
$1,000
Thousands
$900
$800
$700
$600
$500
$400
$300
$200
$100
$0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

86. Southern Nevada Vacant Land Market
Price Per Acre Y‐O‐Y Appreciation (Non‐Resort)
60%
40%
20%
0%
­20%
­40%
­60%
­80%
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
'06 '07 '08 '09 '10
Source(s): Applied Analysis

87. Imbalance Concerns in the
Core Tourism Industry

88. Relative Dependence on Tourism
Leisure and Hospitality Employment as Share of Total

89. Core Tourism Indicators
Las Vegas Visitor Volume +4.7%
Room Inventory +4.9%
Convention Attendance +28.4%
Average Daily Room Rate +4.8%
Room Nights Occupied +4.7%
Clark County Gaming Revenues ­5.0%
Win Per Slot Per Day ­9.7%
Win Per Table Game Per Day +15.7%
McCarran International Passenger Count ­0.4%
Average Price Per Gallon of Gasoline (California) +10.4%
Passengers on International Flights +12.1%
Average Daily Traffic Counts at CA/NV Border +2.9%

90. Visitor Volume *
Past Past Past Past Past
10 Years 5 Years 12 Months 3 Months Month
(CAGR) (CAGR)
+146,000 ­246,000 +744,000 +339,000 +150,000
+0.4% ­0.7% +2.1% +0.9% +0.4%
*Calculations based on trailing 12‐month totals

91. Las Vegas McCarran Int’l Hotel/Motel
Visitor Volume Passengers Room Inventory
40 (In millions) 60 (In millions) 160 (In thousands)
+1.8%
39 150
50
+0.8%
38 140
+0.3%
40
37 130
36 30 120
35 110
20
34 100
10
33 90
80
32 0

92. Hotel Occupancy Average Daily Room Nights
Rates Room Rates Occupied
100% $140 50 (In millions)
$120 +0.7%
95% 45
+3.6%
$100
90% 40
$80
85% 35
­1.2%$60
80% 30
$40
75% 25
$20
70% $0 20

93. Notable Tourism Industry Improvements
Las Vegas Visitor Volume Cars Travelling Over I­15 AA Gaming Index
(Y‐O‐Y Change) (Y‐O‐Y Change) (Y‐O‐Y Change)
200 (in thousands) 5 (in thousands) 400
4 300
100
3 200
0 2 100
1 0
­100
0 ­100
­200 ­1 ­200
­2 ­300
­300
­3 ­400
­400 ­4 ­500
'07 '08 '09 '10 '07 '08 '09 '10 '07 '08 '09 '10

94. Notable Tourism Industry Concerns
Occupancy Rates Average Daily Room Rates Gross Gaming Revenues
(Monthly Series) (Monthly Series) (Coin‐In)
100% $150 $11 (in billions)
95% $140
$10
90%
$130
85% $9
$120
80%
$110
75% $8
$100
70%
$7
65% $90
60% $80 $6
'07 '08 '09 '10 '07 '08 '09 '10 '07 '08 '09 '10

95. $0
$2
$4
$6
$8
$10
$12
$14
'90 $4.1 B
$4.2 B
'92 $4.4 B
$4.7 B
'94 $5.4 B
$5.7 B
(in billions)
'96 $5.8 B
$6.2 B
'98 $6.3 B
$7.2 B
'00 $7.7 B
$7.6 B
'02 $7.6 B
$7.8 B
'04 $8.7 B
$9.7 B
Clark County
'06 $10.6 B
$10.9 B
$9.8 B
Gross Gaming Revenues
'08
$8.8 B
'10(p) $8.8 B
(P) – Preliminary; For the trailing 12­months ending July 2010
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
'90 $0.4 B
$0.5 B
'92 $0.5 B
$0.6 B
'94 $0.7 B
$0.9 B
$3.0 (in billions)
'96 $1.0 B
$1.1 B
'98 $1.3 B
$1.4 B
'00 $1.5 B
$1.6 B
'02 $1.6 B
$1.7 B
'04 $2.0 B
$2.2 B
Locals Market
'06 $2.5 B
$2.6 B
Gross Gaming Revenues
'08 $2.4 B
$2.2 B
'10(p) $2.1 B

96. Resort Corridor Projects
On Hold
Wyndham Desert Blue
Wyndham Vacation Ownership
Echelon Las Vegas St. Regis
Boyd Gaming Residences
Las Vegas Sands
Corp
Harmon Hotel Octavious Tower Fontainebleau
MGM MIRAGE Caesars Palace Icahn NV Gaming

97. Est. Rooms Est. Rooms with Announced
Under Construction Completion Dates
45,000 45,000
40,000 40,000
35,000 35,000
30,000 30,000
25,000 25,000
20,000 20,000
15,000 15,000
10,000 10,000
5,000 5,000
0 0
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10

98. Southern Nevada/
Statewide Social
Indicators

99. Notice of Breaches and Default
Monthly Series
12,000
10,000
8,000
6,000
4,000
2,000
0
'00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source(s): Clark County Recorder’s Office

100. Nevada Welfare Caseloads
Monthly Series
40,000
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0
'01 '02 '03 '04 '05 '06 '07 '08 '09 '10
Source(s): Nevada Department of Health and Human Services – Division of Welfare and Supportive Services

101. SNAP (Food Stamp) Participants
Monthly Series
350,000
300,000
250,000
200,000
150,000
100,000
50,000
0
'02 '03 '04 '05 '06 '07 '08 '09 '10
Source(s): Nevada Department of Health and Human Services – Division of Welfare and Supportive Services

102. Medicaid Eligible Recipients
(Retroactive) Monthly Series
300,000
250,000
200,000
150,000
100,000
50,000
0
'02 '03 '04 '05 '06 '07 '08 '09 '10
Source(s): Nevada Department of Health and Human Services – Division of Welfare and Supportive Services

103. Nevada Checkup Enrollment
Monthly Series
30,000
29,000
28,000
27,000
26,000
25,000
24,000
23,000
22,000
21,000
20,000
Source(s): Nevada Department of Health and Human Services – Division of Healthcare Financing and Policy

104. Households Served by Three Square
Monthly Series
60,000
50,000
40,000
30,000
20,000
10,000
0
Source(s): Three Square

105. Property Crime Incidents
Monthly Series
5,000
4,800
4,600
4,400
4,200
4,000
3,800
3,600
3,400
3,200
3,000
Source(s): Las Vegas Metro Police Department

106. Juvenile Referrals
Monthly Series
3,000
2,500
2,000
1,500
1,000
500
0
'04 '05 '06 '07 '08 '09 '10
Source(s): Clark County

107. Students Receiving Free & Reduced
Lunch Assistance
55%
50%
45%
40%
35%
30%
25%
20%
15%
10%
Source(s): Clark County School District

108. Homeless Children Enrolled in the CCSD
Monthly Series
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
Source(s): Clark County School District

109. Number of All CPS Investigation Calls
Monthly Series
1,200
1,000
800
600
400
200
0
'05 '06 '07 '08 '09
Source(s): Clark County Family Services Department

110. Social Service Clients Not Seen
Due to Lack of Capacity
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
Source(s): Clark County

111. Emergency Room Holds at UMC
Monthly Series
1,600
1,500
1,400
1,300
1,200
1,100
1,000
Source(s): University Medical Center of Southern Nevada

112. When asked about Crime/Gangs/Drugs:
Not at all
Concerned
3.4%
Not too Concerned
6.2%
Very Concerned
59.8%
Somewhat
Concerned
30.5%
2010 Las Vegas Perspective Survey

113. Crimes Index Rates
(Per 100,000 Residents)
10,000
9,000
8,000
7,000 Las Vegas, NV
6,000
5,000
United States
4,000
3,000
2,000
1,000
0

114. Nevada Crime Statistics
Type of Crime Crime Rates % Change in Crime Rates
(2000 through 2009)
2009 2000
Violent Crime 702 524 34.0%
Property Crime 3,056 3,744 ‐18.4%
Murder 6 7 ‐9.2%
Rape 39 43 ‐10.2%
Robbery 228 227 0.2%
Aggravated Assault 430 247 73.8%
Burglary 832 877 ‐5.1%
Larceny 1,755 2,208 ‐20.5%
Vehicle Theft 702 524 34.0%

115. “The pain is good because it
reminds you that you are still alive.”