71.3 Million Dollar Contract QUIETLY Awarded?

I got an email from a potential land investor this week with a question. A VERY good question:

“Will the Financial Crisis Affect Construction on the Colorado River Bridge?”

That’s a very important question in my world, and here’s why.

If you’re not familiar with the Colorado River Bridge, you can get the FULL scoop at http://www.hooverdambypass.org

But here’s the quick story:

The Colorado River Bridge is the central portion of the Hoover Dam Bypass Project. Completion of the entire project is expected in June 2010. The current two-lane highway across the dam, U.S. 93, can’t really handle the 14,000 vehicles and trucks crossing per day. That’s DOUBLE the volume of 15 years ago.

If you’ve ever driven across the Hoover Dam, you know that it’s SLOW going for a couple of miles. We’re talking like 10-15 MPH.

Some snails crawl faster… and when traffic is heavy, it’s even worse.

The Colorado River Bridge is going to make crossing the Hoover Dam a whole lot more convenient.

Here’s an artist’s rendering of what it’s gonna look like when it’s done:

The point is, it’s going to open up a LOT of areas to become bedroom communities for Las Vegas.

Here’s an example:

27 Miles south of the Hoover Dam is the White Hills Ranch Land. 21,000 acres of this land will be master planned into a development similar to Las Vegas master planned communities.
This area will be the site of approximately 35,000 new home sites.

Right now, White Hills is a one hour and 15 minute drive from the Las Vegas strip. But once the Hoover Dam Bypass Bridge is completed, this will cut drive time down to less than an hour.

People can live where it’s affordable and STILL work in the Vegas area.

All these clues point to BIG growth coming. And that’s why so many people are interested in the DIRT that’s up for grabs in the area.

Because when you buy land in the path of growth… well, good things tend to happen.

So Will the Financial Crisis
Hold Up Construction?

Not according to the article in the Las Vegas Review Journal printed just TWO days ago.

Read the article…

The article explains that a 71.3 million dollar contract was quietly awarded to the company responsible for WIDENING the road leading up to the new bridge.

I’m not sure how you keep $71.3 million QUIET, but we’ll leave that up to the government.

At any rate, the article is a HUGE clue that things are moving forward with the road widening project.

Why Isn’t the Financial Crisis
Messing with the Project?

My hunch is that the mess in the financial markets is temporary. But the 1.3 Million people coming to Nevada in the next 20 years that I mentioned last week?

Those people are STILL coming…

That’s a huge amount of projected growth coming…

Now just one more thing before we wrap this up. In the next issue of the Dirt Report, we’re going to focus on the Great Depression.

That was a rough time for a lot of people. But we’re NOT going to talk about those people–the folks who struggled through it. We’re going to focus on the people who spotted the potential and became EXTREMELY wealthy.

They became wealthy BECAUSE of the Great Depression. Sounds crazy, doesn’t it?

Well it looks like it might happen again. In fact, it’s already started. I’ll explain it all next time.