Milton I. Schwartz was born in 1921 and was raised in Brooklyn, New York. He moved to Las Vegas, Nevada in 1946 to help build the Flamingo Hotel and Casino. After moving back to New York for a while, Schwartz returned to Las Vegas in 1971 to found Valley Hospital and serve as its board chairman. He was involved in many businesses in Las Vegas and worked in real estate development. He also owned and operated a cable television company called MISCO, Inc. and was a partner and director of Yellow, Checker, and Star cab companies.