History of Phoenix

1980-present

The famous "Phoenix Lights" UFO sightings took place in March 1997. The Baseline Killer and Serial Shooter crime sprees occurred in Phoenix, Tempe, and Mesa. Steele Indian School Park was the site of a mid-air collision between two news helicopters in July 2007. In 2008 Squaw Peak, the second tallest mountain in the city, was officially renamed Piestewa Peak after Army Specialist Lori Ann Piestewa, an Arizona native who was the first Native American woman to die in combat with the U.S. military, and the first American female casualty in the 2003 Iraq War.

Phoenix has maintained a growth streak in recent years, growing by 24.2% before 2007. This made it the second-fastest-growing metropolitan area in the United States following only Las Vegas, whose population had grown by 29.2% in that time. In 2008, Phoenix was one of the hardest hit by the Subprime mortgage crisis. In early 2009, the median home price was $150,000, down from its $262,000 peak in recent years. Crime rates in Phoenix have gone down in recent years and once troubled, decaying neighborhoods such as South Mountain, Alhambra, and Maryvale have recovered and stabilized. Recently Downtown Phoenix and the central core have experienced renewed interest and growth, resulting in numerous restaurants, stores and businesses opening or relocating to central Phoenix