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I m a m m w g S H R I U S I f jta&XJ ?'<* > ? m m W m iwaK-Ml Sunday, April 4, 1954 LAS VEGAS SUN 3 V e gas Valley W ater District Sets ||ale of $8,700,000 W ater Bonds JPpPI A. comprehensive report on the present economy and the i [of 1ms Vegas and the surroifnding communitie s was released Water district here. ------------ Tie 2a page document with 38 exhibits will be used in the sale of |$,700,000 worth of bonds to brings Lake Mead water into the LasRfegas valley. Members of the District and a crew of engineers have been work- ‘ing an the report since last Sep­tember when 82 percent of the voters of the Las Vegas Valley Water District approved the bonds by at vote of three to one. (5>836 .to |§ 3 4 .) Thi report will be sent to more than §200 major bonding houses in the feinted States for their | bids a on the $8,700,000 bond issue, the largM’AJn the history of Nevada, ^according t a ^ u n ^ A , Campbell, | president of tjie' District, j Campbell pointed" out that the 1 "."'.'J.. 533 . l.’,1.. PT--.' 1 ,| i. 11 . 1 ? expected potential development today by the Das Vegas Valley prospectus calls for sealed pro­posals for purchase of the bonds to be in the office of the District not later than April 28th at 10 a.m Reviewing t h e ‘‘tremendous growth of Las Vegas and Cl^rk county since 1940” the report at­tributes the development of the community to construction of Hoo­ver Dam with the resultant cheap electric power and water supply, government installations, tourist travel and the trend toward desert living, made attractive by air-con­ditioning. Highlights of the voluminous re­port include: Population |s|gj&.estimated present population of <$|fk county is 66,000 and that of Las Vegas incorporated limits, 41,000. Based on exhaustive and detailed surveys by the engineer­ing firm of James Montgomery and that of Greeley and Hansen, population of Las Vegas will con­tinue to increase at a rapid rate with an estimated 58,500 in 1959 and 67,500 in 1964, ten years hence. Tourist Business More than, 11,000,000 tourists spent an estimatefi JJOT mn nnn in Las Vegas during 1953. Showing ’?the investment of capital in the. tourist business, the report cites the seven resort hotels conserva­tively valued at $47,476,000 with a combined annual payroll of $21,- 278,750. Basic Management Incorporated Built in 1941 at a cost of $140,- 000,000, the giant Henderson plant was scheduled to be sold piecemeal by the Federal government when World War II ended and. it became a white elephant. However, in 1948 local groups stepped in arid pur­chased the plant for $24,000,000 with a one dollar down payment. Today the plant is backinpriyate business under five major cony panies, who employ fc,100 people, with a payroll .of $250,000 a week, Nellis Air Force Base Nellis Air . Force Base is the busiest airport in the world with more planes taking off and land­ing between sunrise and sunset than either New York’s La Guardin' field or the International Airport in Los Angeles. The field has 30,- 000 takeoffs and landings a month, oridne every 30 seconds during the. flying day. A $30,000,000 a year operation, there are 4,000 military personnel and 500. civilian employees at' the base. The military personnel pay- ^ J^ m ooop oo yearly and the civilimi payroll isjf2,000,000. KWA; ,-.f ' Ilf 18 I w I I pH I iHl , tjiill H u