South of Florence was a town founded in 1856 for speculators from New York. The Town of Saratoga was located in the proximity of North 24th Street and Ames Avenue. Its economy relied on its connection to the Saratoga Bend on the Missouri River, less than one mile (1.6 km) away. At its peak the town had its own post office, a hotel and several businesses, including its own brewery, along with more than 60 homes. For a few years, it was regarded as being larger than either of its neighboring towns of Omaha City or Florence.