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November 12, 2009

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Flashpoint for Jan. 26, 2006

Thursday, Jan. 26, 2006 | 9:13 a.m.

Has there ever been a government body more oblivious to "market conditions" than the Las Vegas City Council? The same heavy-handed folks who floated a condo conversion moratorium, and now want a special use permit process, also drove Related Cos. away from the 61 acres because Mayor Oscar Goodman wanted condo towers built before he left office. Everything, as Irwin Molasky says, is driven by market conditions. So what happens when governments are swayed less by economic forces and more by wailing apartment dwellers or mayoral ego? Probable lawsuits. Two master developers departed. Suggested council motto: If they say it, it probably won't happen.

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