The Weekly / AUGUST 16 2022

AUGUST 16 2022 / ISSUE NO. 37 / ARCHIVE

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This Week's Top Stories

President Joe Biden to sign the Inflation Reduction Act into law

President Biden is scheduled to deliver remarks from the White House at 3:30pm ET today about The Inflation Reduction act, which was passed in the House last Friday.

In Nevada, Nevada Conservation League hosted a press conference on August 5th morning and invited Nevada elected officials, climate advocates, and clean energy business leaders to encourage the House to push for immediate passage of the Inflation Reduction Act of 2022.

Atomic Range, a modernized golf experience facility developed by Flite Golf and Entertainment, is coming to the Las Vega Strip in Q4 of 2023.

The 99,000-square-foot golf complex is located next to the STRAT on the Las Vegas Strip. It will house four stories with 103 separate hitting bays, six bars, 10 putting bays, meetings pace, and a multi-use Astrocade that will feature large scale screens to view sports and entertainment. Once completed, the golf entertainment complex will employ more than 500 locals.

The Private Bank by Nevada State Bank released its second issue of High Net Worth Report in 2022. Nevada homeowners gained an average of $91,000 in equity in the first quarter of 2022 compared to the prior year, the seventh-largest year-over-year home equity gain in the United States.

Between March 2020 and May 2022, the share of Nevadans aged 55 and over in the labor force fell by 4.7 percentage points from 40.8 percent to 36.1 percent.

On August 3rd, Las Vegas City Council voted to enter into an exclusive negotiating agreement with Tru Development, LLC to study the feasibility of developing a mixed-use medical campus at Cashman Center supported by the Las Vegas Children's Hospital Foundation. The term is for one, six-month term with one six-month extension period if mutually agreed.