History
The area was previously settled by Mormon farmers in 1854 and later became the site of a United States Army fort in 1864, beginning a long relationship between southern Nevada and the U.S. military. Since the 1930s, Las Vegas has generally been identified as a gaming center as well as a resort destination, primarily targeting adults. Relatively inexpensive real estate prompted a residential population boom in the Las Vegas Valley in the 1990s and is still expanding in every direction.
Nellis Air Force Base is located in the northeast corner of the valley. The ranges that the Nellis pilots use and various other land areas used by various federal agencies, limit growth of the valley in terms of geographic area. Due to this reason, the valley has seen more mid- and high-rise buildings erected.
Businessman Howard Hughes arrived in the late 1960s and purchased many casino hotels, as well as television and radio stations in the area. Legitimate corporations began to purchase casino hotels as well, and the mob was run out by the federal government over the next several years. The constant stream of tourist dollars from the hotels and casinos was augmented by a new source of federal money from the establishment of what is now Nellis Air Force Base. The influx of military personnel and casino job-hunters helped start a land building boom which is now leveling off.
Though Las Vegas's gambling revenues have been surpassed by Macau, the Las Vegas area remains one of the world's top entertainment destinations.
Read more about this topic: Las Vegas Valley
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