aute couture. The city saw also a rise in international tourism, notably from America and Japan. This period of prosperity and the new international image of the city led many journalists to call the metropolis "Milano da bere", literally "Milan to drink". However, in the 1990s, Milan was badly affected by Tangentopoli, a major political scandal centered on public works bribes, in which several local and national politicians and businessmen were tried for alleged corruption. The city was also affected by a severe financial crisis and a steady decline in textiles, automobile and steel production, that led to a deep reorganization of its economy.
In the early 21st century, Milan underwent a series of massive redevelopments, with the moving of its exhibition center to a much larger site in the satellite town of Rho, and the construction of a new financial district in Porta Nuova. The 2008 announcement of the city hosting the Expo 2015 has brightened prospects for the city's future, with several new plans of regeneration and the planned construction of numerous avant-garde structures. Despite the decline in Milan's manufacturing production, the city has found alternative and successful sources of revenue, including publishing, finance, banking, food processing, information technology, logistics, transport and tourism. In addition, Milan's population seems to have stabilized in recent years, with signs of recovery as it grew by five percent since 2001
