Ahern Hotel
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Ahern Hotel
Ahern Hotel and Convention Center (formerly Lucky Dragon) is a boutique hotel and former casino in Las Vegas, Nevada. The resort is located on of land at 300 West Sahara Avenue, near the Las Vegas Strip. The Ahern Hotel is adjacent to the Allure Las Vegas high-rise condominium, opened in 2008 by developer Andrew Fonfa. The resort's property was once planned as the site of a second Allure tower, which was cancelled due to poor economic conditions. While selling units in the first tower, Fonfa decided to build a hotel and casino on the adjacent site. The Lucky Dragon was designed by Ed Vance & Associates Architects and was announced in February 2012, with groundbreaking in May 2015. The resort had a soft opening on November 19, 2016. An official grand opening was held on December 3, 2016. The Lucky Dragon was heavily inspired by Asian concepts in an effort to appeal to Asian customers, who were expected to be the resort's primary customer base. With 203 rooms and a casin ...
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Las Vegas
Las Vegas (; Spanish for "The Meadows"), often known simply as Vegas, is the 25th-most populous city in the United States, the most populous city in the state of Nevada, and the county seat of Clark County. The city anchors the Las Vegas Valley metropolitan area and is the largest city within the greater Mojave Desert. Las Vegas is an internationally renowned major resort city, known primarily for its gambling, shopping, fine dining, entertainment, and nightlife. The Las Vegas Valley as a whole serves as the leading financial, commercial, and cultural center for Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its luxurious and extremely large casino-hotels together with their associated activities. It is a top three destination in the United States for business conventions and a global leader in the hospitality industry, claiming more AAA Five Diamond hotels than any other city in the world. Today, Las Vegas annually ranks as one ...
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Great Recession In The United States
The Great Recession in the United States was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output Output may refer to: * The information produced by a computer, see Input/output * An output state of a system, see state (computer science) * Output (economics), the amount of goods and services produced ** Gross output in economics, the value of .... This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. It followed the bursting of the United States housing bubble, housing bubble, the United States housing market correction, housing market correction and subprime mortgage crisis. According to the United States Department of Labor, Department of Labor, rou ...
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Las Vegas Redevelopment Agency
Las Vegas Redevelopment Agency is a redevelopment agency whose goal is to work in concert with the community and private sector to revitalize the City of Las Vegas. History The city of Las Vegas Redevelopment Agency (RDA) was created in 1986 by the Nevada Legislature to help revitalize downtown Las Vegas. Although the RDA is legally a separate entity from the city, city council members sit on its board and approve projects, contracts and incentive programs. The city of Las Vegas currently has two designated redevelopment areas. Redevelopment Area 1 encompasses 4,336 acres. The area roughly includes the greater downtown Las Vegas area east of I-15, south of Washington Avenue, north of Sahara Avenue and west of Maryland Parkway. It also includes the Charleston Boulevard, Martin L. King Boulevard and Eastern Avenue corridors. Redevelopment Area 2, consisting of approximately 1,049 acres, covers Sahara Avenue from I-15 to Decatur Boulevard, Charleston Boulevard from Rancho Drive to R ...
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Tax Increment Financing
Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been designated to be in need of economic revitalization. Similar or related value capture strategies are used around the world. Through the use of TIF, municipalities typically divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community. TIF subsidies are not appropriated directly from a city's budget, but the city incurs loss through forgone tax revenue. The first TIF was used in California in 1952. By 2004, all U.S. states excepting Arizona had authorized the use of TIF. The first TIF in Canada was used in 2007. This model has been heavily criticized by Libertarian-Conservat ...
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Las Vegas Sands
Las Vegas Sands Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States. Its corporate mission is to create "Integrated Resorts" which feature a combination of gambling, accommodation, retail, and meeting space. The company holds several resorts in Asia, including the Marina Bay Sands in Singapore, which opened in 2010. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including the Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao. As of 2020, it is the third-largest casino company worldwide by revenue. History Development on the Las Vegas Strip Entrepreneur Sheldon Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in 1989. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDEX i ...
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Chief Operating Officer
A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if the highest-ranking executive is the chairperson and CEO. The COO is responsible for the daily operation of the company and its office building and routinely reports to the highest-ranking executive—usually the chief executive officer (CEO). Responsibilities and similar titles Unlike other C-suite positions, which tend to be defined according to commonly designated responsibilities across most companies, a COO's job tends to be defined in relation to the specific CEO with whom they work, given the close working relationship of these two individuals. The selection of a COO is similar in many ways to the selection of a vice president or chief of staff of the United States: power and responsibility structures vary in government and priva ...
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Lawful Permanent Residents (United States)
A green card, known officially as a permanent resident card, is an identity document which shows that a person has permanent residency in the United States. ("The term 'lawfully admitted for permanent residence' means the status of having been lawfully accorded the privilege of residing permanently in the United States as an immigrant in accordance with the immigration laws, such status not having changed."). Green card holders are formally known as lawful permanent residents (LPRs). , there are an estimated 13.9 million green card holders, of whom 9.1 million are eligible to become United States citizens. Approximately 65,000 of them serve in the U.S. Armed Forces. Green card holders are statutorily entitled to apply for U.S. citizenship after showing by a preponderance of the evidence that they, among other things, have continuously resided in the United States for one to five years and are persons of good moral character.''Al-Sharif v. United States Citizenship and Immigra ...
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EB-5 Visa
The United States EB-5 visa, ''employment-based fifth preference category'' or ''EB-5 Immigrant Investor Visa Program'', created in 1990 by the Immigration Act of 1990, provides a method for eligible Immigrant investor programs, immigrant investors to become Permanent residence (United States), lawful permanent residents—informally known as "green card" holders—by investing substantial capital to finance a business in the United States that will employ at least 10 American workers. Based on the EB‐5 Reform and Integrity Act of 2022, which was signed into law on March 15, 2022, the minimum investment requirement to qualify under the EB-5 program is $1,050,000. The investment requirement is reduced to $800,000, however, if the investment is made in a qualifying infrastructure project or targeted employment area (TEA). Most immigrant investors who use the EB-5 program invest in a Targeted Employment Area, targeted employment area (TEA)—a rural area or area with high unemploym ...
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Federal Government Of The United States
The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where most of the federal government is based), five major self-governing territories and several island possessions. The federal government, sometimes simply referred to as Washington, is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively. The powers and duties of these branches are further defined by acts of Congress, including the creation of executive departments and courts inferior to the Supreme Court. Naming The full name of the republic is "United States of America". No other name appears in the Constitution, and this i ...
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Topping Out
In building construction, topping out (sometimes referred to as topping off) is a builders' rite traditionally held when the last beam (or its equivalent) is placed atop a structure during its construction. Nowadays, the ceremony is often parlayed into a media event for public relations purposes. It has since come to mean more generally finishing the structure of the building, whether there is a ceremony or not. Also commonly used to determine the amount of wind on the top of the structure. History The practice of "topping out" a new building can be traced to the ancient Scandinavian religious rite of placing a tree atop a new building to appease the tree-dwelling spirits displaced in its construction. Long an important component of timber frame building, it migrated initially to England and Northern Europe, thence to the Americas. A tree or leafy branch is placed on the topmost wood or iron beam, often with flags and streamers tied to it. A toast is usually drunk and sometimes ...
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Gift Card
A gift card also known as gift certificate in North America, or gift voucher or gift token in the UK is a prepaid stored-value money card, usually issued by a retailer or bank, to be used as an alternative to cash for purchases within a particular store or related businesses. Gift cards are also given out by employers or organizations as rewards or gifts. They may also be distributed by retailers and marketers as part of a promotion strategy, to entice the recipient to come in or return to the store, and at times such cards are called cash cards. Gift cards are generally redeemable only for purchases at the relevant retail premises and cannot be cashed out, and in some situations may be subject to an expiry date or fees. American Express, MasterCard, and Visa offer generic gift cards which need not be redeemed at particular stores, and which are widely used for cashback marketing strategies. A feature of these cards is that they are generally anonymous and are disposed of when ...
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Groundbreaking
Groundbreaking, also known as cutting, sod-cutting, turning the first sod, or a sod-turning ceremony, is a traditional ceremony in many cultures that celebrates the first day of construction for a building or other project. Such ceremonies are often attended by dignitaries such as politicians and businesspeople. The actual shovel used during the groundbreaking is often a special ceremonial shovel, sometimes colored gold, meant to be saved for subsequent display and may be engraved. In other groundbreaking ceremonies, a bulldozer is used instead of a shovel to mark the first day of construction. In some groundbreaking ceremonies, the shovel and the bulldozer mark the first day of construction. Meaning When used as an adjective, the term groundbreaking may mean being or making something that has never been done, seen, or made before; "stylistically innovative works". History Groundbreaking ceremonies have been celebrated for centuries in an attempt to begin the construction ...
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