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Thursday, July 10, 2014

Boyd Students Michael Alires, Anjan Gewali, and Maria Michelle Nisce Author Article for American Bankruptcy Institute Journal

From left: Michael Alires, Anjan Gewali, and Maria Michelle Nisce
Boyd students Michael Alires, Anjan Gewali, and Maria Michelle Nisce recently authored an article for the July issue of the American Bankruptcy Institute Journal. The article is titled Nevada's Boom and Bust.

The article reads, "The Great Recession was at its worst between December 2007 and June 2009, and it hit the state of Nevada particularly hard. The real estate market and Nevada's gaming-driven economy set the stage for the state's troubles. The federal government owns nearly 85 percent of Nevada's land, so it is thus unavailable for development. According to the Census Bureau, Nevada's population increased by more than 700,000 between 2000-10. This 35 percent population increase in Nevada was more than triple the national average and higher than in any other state. Development to accommodate the population growth was constrained by the lack of available land. As a result, prices spiked upward."