Las Vegas’ Economy is Back, and That’s Good News for City’s Private Golf Communities

By:  | June 29, 2017 1:11 pm

LAS VEGAS – Ten miles west of Las Vegas, on an unpaved home lot just off one of the fairways of a Tom Fazio-designed course that will open this month, a visitor can’t help but admire the sweeping view of The Strip and wonder what it must look like when it’s all lit up at night.

Nearby, there’s the future site a 130,000-square-foot clubhouse – it will include 21 condo units – and all around are signs of a bustling, 555-acre construction site, though no homes have yet been built.

“If you had $6 million and wanted to build a home, this is where you would go,” said Mike Finnell, general manager of The Summit, the first Discovery Land Co. project in the Las Vegas market.

First-year sales figures at The Summit would suggest there is no shortage of people who fit that description. That’s perhaps the most dramatic sign that the Las Vegas economy, which was hammered by the recession, has stormed back over the past four years. That’s good news for the city’s private golf communities, which are experiencing strong demand for real estate and new memberships.

“Golf in Las Vegas on the private side is as good as I’ve seen it in 20 years,” said Jason Cheney, general manager at Southern Highlands Golf Club, just south of downtown. “The city is on fire.”

To read the full article, please visit: http://golfweek.com/2017/06/29/las-vegas-economy-is-back-and-thats-good-news-for-citys-private-golf-communities/