A bustling city, growing like a weed. Lots of crazy drivers that love to run red lights. Nightlife is like nowhere else in the world. A tough place to live if you're broke, a great place if you have money. The local economy revolves around the strip. Visitors love the strip, locals avoid it.
Las Vegas is the most populous city in the state of Nevada, the seat of Clark County, and an internationally renowned major resort city for gambling, shopping, and entertainment. Although established in 1905, Las Vegas officially became a city in 1911. With the growth that followed, at the close of the century Las Vegas became the most populous American city founded in the 20th century (a distinction held by Chicago in the 19th century). As the 28th most populous city in the United States, Las Vegas is one of the most populous cities in the American West.
Las Vegas, billed as The Entertainment Capital of the World, is famous for massive and lavish casino resorts, the unrestricted availability of alcoholic beverages (as is true throughout Nevada), and adult entertainment. Once officially referred to as Sin City, this image made Las Vegas a popular setting for films and television programs.
The constant stream of tourist dollars from the hotels and casinos was augmented by a new source of federal money. This money came 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 still goes on today.
When The Mirage, the first Megaresort, opened in 1989, it started a movement of people and construction away from downtown Las Vegas to the Las Vegas Strip. This resulted in a drop in tourism from the downtown area but many recent projects and condo construction has seen an increase in visitors to downtown.
A concerted effort has been made by city officials to diversify the economy from tourism by attracting light manufacturing, banking, and other commercial interests. The lack of any state individual or corporate income tax and very simple incorporation requirements have fostered the success of this effort.
Having been late to develop an urban core of any substantial size, Las Vegas has retained very affordable real estate prices in comparison to other western U.S. cities. Consequently, the city has recently enjoyed an enormous boom both in population and in tourism. However, as a New York Times series on the city reported in 2004, the median price of housing in the Las Vegas Valley is now at or above the nationwide median. The urban area has grown outward so quickly that it is beginning to run into Bureau of Land Management holdings along its edges, increasing land values enough that medium- and high-density development is beginning to occur closer to the core.
This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Las Vegas".