civil war commander george custer is said to have uttered the famous words, "it's not how many times you get knocked down that counts. it's how many times you get back up." nowhere is that spirit more evident than in las vegas, and we found one spot where it looked like they might not get back up, but they did. ♪ so, here i am in reflection bay in henderson, nevada, a place that went from riches to rags and now back to riches, one of the greatest stories of redevelopment and resurgence in america. this entire area five years ago was ground zero of the real-estate crisis in america, and today it is an american success story. ♪ lake las vegas is a beautiful, 328-acre lake that was actually man-made. it was a massive project spanning decades, creating the lake, the golf courses, hotels, and luxury communities in the middle of the vegas desert. but when the recession hit, the area was devastated. >> this was the kind of situation that's very rare -- to have a 300-acre lake and have all these residential areas around it, with the hotels and golf, but when the economy changed, people walke