The London Bridge Entrance Gate

In 1967, the Common Council of the City of London began to look
for potential buyers for the London Bridge. Lake Havasu City
founder and entrepreneur Robert P. McCulloch (chain saw manufacturer) placed the winning bid of
$2,460,000 on April 18, 1968. McCulloch came by this figure by doubling the
estimated cost of dismantling the structure, which was $1.2 million, bringing
the price to $2.4 million. He then added on $60,000 -- a thousand dollars for
each year of his age at the time he estimated the bridge would be reconstructed
in Arizona. (Contrary to popular belief, McCulloch was not under the impression
that he was purchasing the Tower Bridge.) Each block was meticulously numbered
before the bridge was disassembled. The blocks were then shipped overseas
through the Panama Canal to California and trucked from Long Beach to Arizona.
Following reconstruction of the London Bridge, Lake Havasu City rededicated it
in a ceremony on October 10, 1971.