Although Coralville is a lot like other small American cities, it is unique as the only community of that name in the United States. Located on the Iowa River, the name refers to the ancient coral reefs that are its geological bedrock. The river has always been a key aspect of Coralville's history, along with its proximity to Iowa City, the first capital of the Territory of Iowa and the home of the University of Iowa. Incorporated as a city in 1873, Coralville had few residents until the 1960s, when dynamic commercial and residential development brought substantial growth to the area. Today, Coralville is a city of industry, commerce, and hospitality. It is not surprising, therefore, that "Coralville Pride" is the city motto.