linders Medical Centre were established in the 1960s at Bedford Park, South of the City.
The Dunstan Governments of the 1970s saw something of an Adelaide 'cultural revival' – establishing a wide array of social reforms and overseeing the city becoming a centre of the arts, building upon the biennial "Adelaide Festival of Arts" which commenced in 1960. Adelaide hosted the Formula One Australian Grand Prix between 1985 and 1996 on a street circuit in the city's east parklands, before tough economic conditions due to the state bank collapse. The 1991 State Bank collapse plunged both Adelaide and South Australia into economic recession, and its effects lasted until 2004, when ratings agency Standard & Poor's reinstated South Australia's AAA credit rating. Recent years have seen the Clipsal 500 V8 Supercars race make use of sections of the former Formula One circuit
