As We See It

Looking back at Las Vegas in 1997

Standard & Poor’s reported last week that Las Vegas housing prices had sunk to 1997 levels. To give you a little perspective, here’s a look at Las Vegas in 1997:

•Unemployment rates hovered around 5 percent.

•Then-Speaker of the House Newt Gingrich came under fire for ethics violations. Our two representatives, both of whom voted to reprimand Gingrich and impose a $300,000 penalty, were ... John Ensign and Jim Gibbons. Both men’s careers were later dogged by ethics violations of their own and ended in disgrace. And Gingrich? Well, you know.

•New properties: New York-New York, Sunset Station.

•Things we didn’t have yet: Wynn (2005), Encore (2008), CityCenter (2009), Penn & Teller (2001), Celine Dion (2003), Facebook (2004), Twitter (2006)

•Gas prices: $1.30 to $1.42.

•The infamous “bite fight” between Mike Tyson and Evander Holyfield.

•To celebrate the 10th anniversary of Crazy Girls, the Riviera unveiled the bronzed sculpture of the famous “buttocks” shot. It’s since become one of the Strip’s most photographed—and rubbed—attractions.

•Water levels at Lake Mead were expected to rise 12 feet before the end of the year, causing headaches for marina owners.

Share
Photo of Ken Miller

Ken Miller is Las Vegas Magazine's managing editor, having previously served as associate editor at Las Vegas Weekly, assistant features ...

Get more Ken Miller

Previous Discussion:

  • The sex educator and owner of Detroit's Spectrum boutique brings her humor and expertise to AVN.

  • “Compared to my Ohio life, people are more positive here, more responsive to literary things.”

  • “We break down all the barriers that led them to become homeless, so they can become self-sufficient and sustain on their own.”

  • Get More As We See It Stories
Top of Story