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Updated about 3 years ago on . Most recent reply
How does a Casino affect Real Estate?
How does a big casino affect rental properties? Do rents increase? I'm thinking the employees will have to live somewhere close by?
Most Popular Reply
Karen Margrave
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- Realtor, General Contractor, and Developer
- Redding, CA & Bend OR
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@Steve Candor You'll need to provide more information. How big is the casino going to be? Is it in a populated area? From what I've seen in California with the addition of indian casinos, they have no effect on real estate. The employees are locals that already live in the area, etc. If it's going to be some mega casino, then there may be workers for specialized projects that come from out of the area, but most of them would probably stay short term, in hotels or cheap housing.
- Karen Margrave