![]() ![]() As a result of the sale of these lots, Fremont Street would soon become what we now refer to as Downtown Las Vegas. Many never returned as they begin building on their lands almost immediately. As a result, more than 1,000 prospective land investors traveled via train to Las Vegas from Los Angeles and Salt Lake City. It was also the same year that his railroad auctioned off some 1,200 lots within the townsite to investors who paid anywhere from $100 to $750 per lot and $1,750 for business lots.įremont Street was also the first road to be paved (1925) as well as the first street to have traffic controlled by a stoplight (1931). Prior to the founding of Las Vegas in 1905, Fremont Street was the main travel route because of its proximity to the city’s first train depot. Las Vegas came into being in 1902 when Senator William Clark bought an 1,800-acre ranch to make this spot a train stop on the rail line he was building at the time.
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