Originally a small mining town, Lake Havasu City as it exists today came into being in the 1970s. The brainchild of hardware tycoon Robert P. McCulloch, the city today is one of the largest vacationing communities in the United States. It all started in 1962, when McCulloch learned that the British government was putting the condemned and sinking London Bridge up for sale. He submitted the winning bid at $2,460,000, had it dismantled piece by piece, and brought it over to Lake Havasu where it was finally re-constructed over a man-made channel in 1971. The tourism the bridge attracted led developers to create a themed British village around the channel, which became the city's "downtown" as well as the biggest Spring Break party spot north of the border.