March 2023 City Scoop: Las Vegas
Abstract
City GrillRoss Edwards Senior Vice President McCarthy Building Cos.Construction in Las Vegas is experiencing an unprecedented backlog in both the public and private sectors, including megaprojects, but firms are constrained by the shortage of skilled labor. "While this poses a challenge, we remain optimistic that Nevada businesses will continue to grow at a steady pace, in large part due to our local economic diversification," Edwards says. Water-use and undisturbed land usage are issues the state Legislature is considering in how funds will be appropriated to agencies, and these determinations will provide insight into the near future of the public market sector, he explains. High-profile projects are underway in the hospitality, sports and entertainment sectors, such as Dream Las Vegas. Clients are increasingly engaging McCarthy in the early phases. "By bringing us on as a collaborative partner, or design builder, we are able to work together as a holistic team to ensure the goals, timelines, potential constructibility challenges and more are addressed in real-time," he says, adding that this increases certainty for stakeholders.
