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Greater Palm Springs Business Insider monitors the economy and business climate throughout the Greater Palm Springs region and publishes business news articles regarding a wide range of topics and issues.

09/08/2026

After years of redesigns, extensions and financing challenges, the Dream Hotel has reached another critical juncture.

Palm Springs has formally placed developer Selene Palm Springs LLC in default after it missed a July 30 deadline to establish a guaranteed maximum construction price. The city's notice gives the developer an opportunity to cure the default, but also says Palm Springs could move to repurchase the 7.8-acre property if it is not resolved.

And the next deadlines are coming quickly: financing is scheduled to close Sept. 30, and construction is supposed to begin Oct. 1.
GPS Business Insider examines what the default means, the unresolved life-safety design issue holding up the construction price, the city's unusual repurchase rights, and what is at stake when the City Council reviews the project Sept. 9.

Full article here: https://gpsbusinessinsider.com/dream-hotel-developer-in-default/

Palm Springs Puts Dream Hotel Developer in Default as Critical Deadlines Loom | Greater Palm Springs Business Insider | Greater Palm Springs Business News.

09/06/2026

A closed Rancho Mirage private school is now a $14.1 million court-supervised real estate sale. A 473-acre Thermal estate is asking $79 million. And new listings in Desert Hot Springs, Cathedral City and Indio are testing demand for housing, medical offices, industrial land and development sites.

The September edition of What’s For Sale looks beyond the asking prices to examine what seven major listings tell us about the changing Greater Palm Springs economy.

Read more here: https://gpsbusinessinsider.com/whats-for-sale-sept-4/

What’s For Sale: A Landmark School Campus, $79 Million Thermal Estate and Medical Use Deals Hit the Market | Greater Palm Springs Business Insider | Greater

09/02/2026

A Palm Springs manufacturing story that began with one of America's great medical inventors is approaching its final chapter.

ZOLL Medical will permanently close its operation at 1100 Bird Center Drive in February, eliminating 78 more jobs after an earlier reduction of 96 positions. The plant traces its lineage to Forrest Bird, the aviation-obsessed inventor whose famous green respirators revolutionized respiratory care.

We dug into Vyaire Medical's bankruptcy, ZOLL's $37 million acquisition, FDA records and the company's current strategy to answer the biggest question: Why is ZOLL leaving Palm Springs less than three years after buying the business?

The evidence points to consolidating an inherited plant that had been running at only about 20 percent capacity, not a companywide retreat from ventilators.

Our article: https://gpsbusinessinsider.com/zoll-to-close-palm-springs-plant/

ZOLL to Close Palm Springs Ventilator Plant, Ending a Medical Manufacturing Lineage That Began With Forrest Bird | Greater Palm Springs Business Insider |

08/31/2026

One of Rancho Mirage’s largest institutional properties is officially on the market.

The former Palm Valley School campus has been listed for $14.1 million, with offers due Oct. 5 as the school moves through Chapter 11 bankruptcy.

But the bigger story is what happens after a sale. Palm Valley reported years of operating losses before its abrupt June closure, and former families, lenders, employees and other creditors now have a financial stake in what the 36.6-acre campus ultimately brings.

We examine the property, the school’s financial decline, the bankruptcy and what could come next for the site.

Who do you think buys it, and why?

Read the article here: https://gpsbusinessinsider.com/palm-valley-school-hits-market/

Palm Valley School’s $14.1 Million Campus Hits Market as Bankruptcy Turns to Who Gets Paid | Greater Palm Springs Business Insider | Greater Palm Springs

08/30/2026

Greater Palm Springs is developing a data center policy without ever adopting a regional one.

Coachella has now permanently prohibited data centers. Palm Springs, Indio and Desert Hot Springs have active moratoriums.

Five other valley cities have taken no comparable citywide action.

Our new analysis maps the emerging divide and examines the bigger question: Is Greater Palm Springs closing the door on one of the world's fastest-growing industries one city at a time?

Details in our article: https://gpsbusinessinsider.com/data-center-restrictions-spread-in-gps/

As Data Center Restrictions Spread, Power Costs Narrow Greater Palm Springs’ Options Even Further | Greater Palm Springs Business Insider | Greater Palm

08/20/2026

Unemployment rose across every city in Greater Palm Springs in June.

But the story is more nuanced than the headline.

The desert economy always shifts in summer as visitor volume thins, seasonal residents leave, and some businesses reduce hours or staffing. This year, that normal seasonal slowdown is arriving alongside a weaker national jobs picture.

Our latest analysis breaks down the city-by-city data, explains why summer seasonality matters, and looks at what the latest U.S. jobs report could mean for the valley heading into the second half of 2026.

Read our article here: https://gpsbusinessinsider.com/greater-palm-springs-unemployment-rises/

Greater Palm Springs Unemployment Rate Jumps as Summer Slowdown Meets a Weaker U.S. Labor Market | Greater Palm Springs Business Insider | Greater Palm

08/19/2026

A long-sought air traffic control tower at Jacqueline Cochran Regional Airport has taken an important step forward.

The FAA has awarded nearly $1.574 million to Riverside County for design of a new contract tower and eligible equipment at the Thermal airport.

The grant will not build the entire tower, but it moves a project years in the making closer to construction readiness and positions the county for the larger funding needed to finish it.

We look at what the grant pays for, why the airport needs a tower, how the FAA Contract Tower Program works and what still has to happen before controllers can begin directing traffic at Jacqueline Cochran.

Read our article here: https://gpsbusinessinsider.com/jacqueline-cochran-airport-grant/

A $1.57 million FAA award will move Riverside County closer to building an air traffic control tower at the Thermal airport, advancing a project local officials have pursued for years as traffic and investment have grown.

08/12/2026

The proposed amendment to the Agua Caliente Band of Cahuilla Indians' gaming compact with California is about considerably more than 500 additional slot machines.

The agreement would change the economics of future gaming expansion, revise revenue sharing, increase credits for qualifying investments that benefit local jurisdictions, modernize provisions following a landmark Ninth Circuit decision and extend the compact for approximately 20 years.

For a tribal government that employs approximately 3,200 people across gaming and non-gaming enterprises and has become one of the Coachella Valley's most significant economic institutions, the long-term implications are substantial.

Our latest GPS Business Insider analysis examines what the agreement actually changes, what it does not authorize, and what it could mean for future investment in Palm Springs, Rancho Mirage, Cathedral City and Greater Palm Springs.

https://gpsbusinessinsider.com/agua-caliente-compact-enables-gaming-growth/

Agua Caliente Compact Amendment Opens a Longer Runway for Gaming Growth in Greater Palm Springs | Greater Palm Springs Business Insider | Greater Palm Springs

08/10/2026

The Colorado River may be hundreds of miles from Greater Palm Springs, but its future runs directly through the Coachella Valley’s economy.

A major new federal framework will govern how Lake Powell and Lake Mead are managed through 2036, potentially allowing substantial shortages as the West confronts one of the driest periods in the river’s modern history.

So what does it actually mean for Greater Palm Springs?

Our new in-depth report examines why the valley’s senior water rights provide significant protection, why groundwater does not make the region independent of the Colorado River, and how the changing rules could affect agriculture, golf, groundwater replenishment, development, the Salton Sea and the region’s long-term growth.

The bottom line is more nuanced than either crisis or complacency.
Read the full analysis at GPS Business Insider: https://gpsbusinessinsider.com/the-colorado-river-is-entering-a-new-era/

The Colorado River Is Entering a New Era. For Greater Palm Springs, the Stakes Are Huge. | Greater Palm Springs Business Insider | Greater Palm Springs

08/04/2026

A contaminant measured in parts per billion is creating a water infrastructure challenge measured in hundreds of millions of dollars.

Five of the Coachella Valley’s six principal water providers are preparing treatment plants, new wells, pipelines and other improvements to meet California’s chromium-6 drinking-water standard.

Current public estimates and project listings suggest the regional capital exposure could exceed $565 million, before decades of electricity, chemicals, monitoring and maintenance are counted.

Our comprehensive new report examines what is causing the chromium-6, why the Coachella Valley is so heavily affected, how the situation differs from the “Erin Brockovich” case, which communities face the greatest costs and what it could eventually mean for local water rates.

Read the full story at GPS Business Insider: https://gpsbusinessinsider.com/greater-palm-springs-chromium-6-reckoning/

Greater Palm Springs’ Potential $565 million Chromium-6 Reckoning Is Coming Due | Greater Palm Springs Business Insider | Greater Palm Springs Business News.

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