Rantings and tirades of a frustrated economist.
MGM started charging parking fees cuz the resort was at the south end of the LV monorail line and people would park there for free and then hop on the monorail and never even go insideAs soon as their casino numbers pick back up the fees will magically reappear, rest assured
I left that industry in 1984. I hadn't realized that bean counters had gone that far.
you haven't seen anything yet capt. the destruction of the economy has been papered over with gov $1200 checks, extra $600 on top of their regular unemployment benefits, suspending student loan payments. the covid restrictions that a ton of businesses are operating under mean that they cannot be profitable. What restaurant ,bar, or casino can be profitable at 25 to 50% of capacity. That doesn't even count the airlines, hotels, and tourist businesses that are wrecked.this is going to make the great depression look like a walk in the park.
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