Why Las Vegas?
“Las Vegas ranked one of the fastest growing city in the United States” – News 3 – 11/22/2020
About Las Vegas
The settlement of Las Vegas, Nevada was founded in 1905 after opening of a railroad that linked Los Angeles and Salt Lake City. Urbanization took off in 1931 when work started on the Boulder Dam (now the Hoover Dam), bringing a huge influx of young male workers, for whom theaters and casinos were built, largely by the Mafia. Electricity from the dam also enabled the building of many new hotels along the Strip. The arrival of Howard Hughes in 1966 did much to offset mob influence, and helped turn Las Vegas into more of a family tourist center, now classified as a Mega resort. The name Las Vegas was given to the city in 1829 by Rafael Rivera, a member of the Spanish explorer Antonio Armijo trading party that was traveling to Los Angeles, and stopped for water there on the Old Spanish Trail from New Mexico. At that time, several parts of the valley contained artesian wells surrounded by extensive green areas; Las Vegas means “the meadows” in Spanish. The flows from the wells fed the Las Vegas Wash, which runs to the Colorado River.
On a percentage basis, Las Vegas and Clark County experienced incredibly high growth rates starting in the 1930s and lasting until the late 2000s recession. During that period, the population of the city more than doubled in most decades. The rate slowed down in the 1970s with the decrease of the white birth rate, but never dropped below 60% (1980–1990), and even accelerated after 1990 due to immigration. By 2000, Las Vegas was the largest city founded in the 20th century, and by 2006 it was the 28th largest city in the US, with a population of 552,000 in the city and nearly 1.8 million in Clark County. The explosive growth resulted in rapid development of commercial and residential areas throughout the Las Vegas Valley. The strong boom in the resort business led to many new condominium developments all along the Strip and downtown area. Also urban sprawl development of single-family homes continued across the valley, building the areas of Henderson, North Las Vegas, Centennial Hills, and Summerlin. The rapid development and population growth both halted abruptly in the late 2000s recession. During this period of time, American author and journalist Hunter S. Thompson wrote and published his seminal novel, Fear and Loathing in Las Vegas, detailing the experience of his 1971 trip to the city. On November 21, 1980 the MGM Grand Hotel and Casino, suffered a devastating fire. A total of 85 people died and 785 were injured in what remains the worst disaster in Nevada history. The property was eventually sold and reopened as Bally’s Las Vegas, while MGM moved south to Tropicana Avenue.
LAS VEGAS VALLEY
Square Mile
Days of sunshine per year
Population
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%
Growth 2010/2020
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inheritance or estate Tax
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Population Growth 2010/2020
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Income Tax
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Real Estate Tax
* Based on 2021 statistics – Antony Augay deems information reliable but not guaranteed.
Famous Vegas icons
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Chris Marison
City Mayor
Chris Marison
City Mayor
Sara Jefferson
Deputy Mayor
Robert William
Councillor
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See why Las Vegas in the Best city.
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