Where we stand -Shakey ground or solid footing- Coachella Valley sees signs of both

 

Mountains may shelter the Coachella Valley from undesirable weather patterns that affect those beyond the desert, but could protect us from the economy. Despite its resort lifestyle, the desert has felt the pain of the past 18 months.
 However, vast resources also put the valley on the cutting edge of what economists think will be the way out of the recession. Since the recession started the housing prices have fallen further than they had risen. Retail sales shriveled as national chains closed and left and local shops too.
 All three major golf tournament revenues were down more than 20%. Convention and tourism bookings are down 12.7%.
 With this all said, there are events succeeding in this challenging economy.Dinah Shore week was up 50%. Modernism Week  in Palm Springs was up 24.9%.Good planning by the Coachella Valley Water District has resulted in an excellent supply of water in the largest underground aquifer in the world.
 Adversity forces people to think out of the box and refine their business models.Throughout Coachella Valley there are signs this is already happening.Cities are operating as a team to streamline procedures and accomplish tasks. Tourism agencies are working to stimulate the local markets. Valley economic agencies are stepping up efforts to create public- private partnerships to diversify the local economy. While the faces of the valley's nine cities are very different, the recession is forcing everyone to find common ground on which to grow

 



The Lori Bowers Group
78015 Main St., Suite 110

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

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Kathy Schowe   760.333.8886  California LifestyleRealty  California Lifestyle RealtySchowe Properties                                           

        

                  
                                   

Comment balloon 0 commentsKathy Schowe • October 30 2009 12:37AM
Where we stand -Shakey ground or solid footing- Coachella Valley sees…
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Mountains may shelter the Coachella Valley from undesirable weather patterns that affect those beyond the desert, but could protect us from the economy. Despite its resort lifestyle, the desert has felt the pain of the past 18 months… more
The Heartbeat of California Real Estate is Growing Stronger
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Here in La Quinta, we are known as a resort, desert and golfers paradise. We have people relocating from thousands of miles away and besides price, and views they always ask about neighborhoods. Being that everyone is different in what they like,… more
☼ 90° in LA QUINTA ☼
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☮ I am still so amazed everyday when I wake up her in I look out my back door and see the purple mountains, the green-green, golf course, grapefruit trees, yucca plants, cacti, the clear bluer than blue sky… words cannot describe it! I am… more