LAS VEGAS (KSNV) — It’s officially the holiday season, a time known to be a financial burden for many people who have regular bills to pay, but also hope to spend money on loved ones.

This year, several people say they’re feeling the impact even more in the Valley, with higher costs for groceries, rent, and other necessities.

Those extra costs mean that many people are not spending money to go out to restaurants and local bars.

Some local businesses say it’s causing them to close up shop.

The Monday after the Thanksgiving holiday is generally quieter for businesses in the downtown Arts Districts.

But the owner of HUDL Brewing Company says foot traffic has slowed down in general.

“We’re just not generating enough revenue consistently to be sustainable,” said Skip Norfolk, one of the owners.

The brewery opened in 2020, during the COVID pandemic, but Norfolk says by the end of December, he’ll have to shut down for good.

“Clearly, our costs have risen since we’ve opened considerably,” said Norfolk. “You know, somewhere around 25 to 27 percent. And that wasn’t expected to have those types of increases. But more recently, it’s been how expensive Uber rides are to get people in and out down here.”

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HUDL’s brewmaster Joe Cuozzo believes the landscape of the location is currently adding to the challenges.

“Especially with the pay to park and the city doubling down on the pay to park has made things a little bit difficult,” said Cuozzo.

He says some residential developments meant to bring more foot traffic are also taking a while.

“So without people being able to work, drink, play in one area, it’s been hard to keep a consistent clientele down here,” said Cuozzo.

And in Centennial Hills, Scottie Godino, Jr. is feeling similar economic issues.

He’s closed three of his four Born and Raised locations since March, with his focus now on keeping the Centennial location open.

“It’s been challenging with inflation, additional – everything fees, licensing requirements, in addition to what people are willing to spend,” he said.

He pays licensing fees for gaming, food, and alcohol, among other things, at his sports bar.

Godino’s first location to close was in North Las Vegas.

“In addition to paying 350 a foot, so your rent ranges depending on your size,” he said. “Ours ranges from $18,000 to $22,000 a month.”

Godino says local businesses are also feeling the impact of the resort properties.

In June, he closed his Warm Springs location that’s near the Durango Casino and Resort.

“We can’t compete their marketing, and doing $3 domestic wells,” said Godino. “We can’t compete with it.”

Both Norfolk and Godino say lower tourism is also affecting revenue.

“It’s we’ve lost the last two months. It was a significant amount of Canadians that aren’t coming to Vegas anymore,” said Norfolk.

“Unfortunately, it’s pretty self-inflicted on the Strip in my opinion,” said Godino. “Because of the prices that they’ve raised, the cost of bottles of water, the cost of bottles of beer, the cost of room rates.”

HUDL is having a “Goodbye Arts District” event on December 13th.

They will have limited hours after that, with the doors officially closing likely by the end of the year, and they will be posting those limited hours soon to their social media pages.

When it comes to Born and Raised Centennial, Godino says the community can help keep business alive during this challenging time.