Businesses on Strip trying to bounce back following shooting

LAS VEGAS - The emotional price tag of the 1 October shooting can never be matched, but there are actual financial costs from the tragedy as well.

The shooting has left a big dent on the bottom line for local businesses, and it's costing the valley millions of dollars.
 
"Las Vegas is recovering," said Rob Goldstein, Sands Corporation.

As much as the community is mourning and remembering the Route 91 Harvest Festival shooting, business on the Strip have had to roll on.

"We feel Vegas is recovering rather quickly," according to Goldstein.  "Anecdotally, we hear that across town." 

Those comments came Wednesday during the 3rd Quarter earnings report from Sands Corporation, although October 1st is technically the 4th quarter.  It all gives some insight into the financial impact and reality of the shooting.

"The horrible truth is these events keep happening," said Goldstein.  "We've become a lot more resilient in the world to these tragedies. What a few weeks ago seemed like a real difficult event, now, the town appears to be bouncing back."

Caesars Entertainment also referenced the tragedy.

The Associated Press reports the company saw a drop in Asian clients since the massacre and that it could take four months for them to come back.

Then there's the cost to taxpayers: Metro Police says it has already racked up a $3.5 million bill.

Clark County has spent at least $500,000, as well, but both Metro and the count's numbers will increase; federal grants will cover most of those expenses.

The financial impact pales in comparison to the people lost on Oct. 1st, but it is still a reality the valley must face.

The U.S. Department of Justice has a crime victims fund.  Governments can apply for grants from that money to cover costs connected to the shooting.

For example, Orlando received $9 million after the pulse nightclub shooting that left 49 people dead.
 


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