Similarly airline enplanements were up 55 from the

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ezuma County, many of the tourists who visit the park 2012 Colorado Business Economic Outlook stay in La Plata County during their time in the area. Similarly, airline enplanements were up 5.5% from the previous year. However, passengers on the Durango & Silverton Narrow Gauge Railroad fell about 6.6% over the same period. The OBER Tourism Index shows overall long-term tourism trends up about 7% from the beginning of the recession in December 2007. Finally, through Q2 2011, lodgers taxes are down about 5% but sales taxes show a 3.3% gain compared to a year ago. Real Estate and Banking Like many Colorado resort communities, La Plata County’s economy is closely tied to real estate. The median home price in La Plata County is down approximately 9.2% year-over-year; however, total sales are up almost 70% through Q3 2011, a sign that the housing market is starting to clear as owners accept lower prices. As of Q2 2011, the La Plata County foreclosure rate has improved to 1 out of every 584 homes in for...
View Full Document

Ask a homework question - tutors are online