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