How Stockyards Are Being Redeveloped in Western Cities

Published On Sep 15, 2024, 5:00 AM

Cities with cowboy culture are experiencing economic revitalization due to the rising popularity of Western themes, often referred to as the 'Yellowstone effect.' Events like the Calgary Stampede have seen record attendance, leading urban planners and developers to transform these areas into year-round entertainment and cultural districts. The lessons learned from successful redevelopments, such as the stockyards project in Fort Worth, encourage similar investments in cities like Calgary, Denver, and Kansas City, positioning them for potential growth in tourism and real estate.

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Stock Forecasts

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CDE View CDE chart on TradingView

Positive

The shift towards cowboy culture and related businesses suggests increased opportunities in real estate and tourism sectors in Western cities. Companies involved in real estate development, event management, or tourism could benefit significantly from this trend.

VNQ View VNQ chart on TradingView

Positive

Given the increasing popularity of country-themed events and venues, ETFs that focus on real estate in urban areas or hospitality could see favorable growth as more cities aim to attract visitors year-round through cowboy culture initiatives.

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