Category Archives: Carlsbad

Oil & Gas Squeezes Hotels In Carlsbad, But Offers Financial Support For Arts

Carlsbad

November 2, 2018 – The oil and gas boom in southern New Mexico and West Texas has driven up hotel rates in Carlsbad. At the same time, a housing shortage means more people are turning to hotels for housing and there are fewer rooms available at affordable rates.

But more nights booked up in hotels also means the city is collecting record-high revenues from lodgers taxes.  Some of those dollars are going to support arts and culture activities around town and the revitalization of an old theater. Sarah Gustavus reports on these new developments in part three of our series on housing in Carlsbad.

This series was produced in partnership with the Carlsbad Current Argus. Read their coverage here

Watch part 1 :  The Cost Of Housing Is Rising In Carlsbad Amid Oil Boom

Watch part 2 :  Oil Boom In Carlsbad Squeezes Local Housing Market

Oil Boom In Carlsbad Squeezes Local Housing Market

Carlsbad

October 26, 2018 – The oil boom in southern New Mexico means more jobs in Carlsbad, but longtime residents and new arrivals are all finding it tough to find a place to live. The cost of both homes and rentals has gone up in recent years. And many local leaders report that there just aren’t enough places to house the current population. In part two of our series on housing in Carlsbad, produced with the Carlsbad Current-Argus, Sarah Gustavus looks at how the housing shortage has impacted two young professionals.