History of Dallas - Recession (1986-1995)

Recession (1986-1995)

From the mid-1980s to 1995, not a single highrise structure was built within the downtown freeway loop. Over-speculating, over-building, the Savings and Loan crisis, and the early 1980s recession practically destroyed the city economically. In 1987, Annette Strauss was inaugurated as the first female mayor of Dallas. In 1989, the Morton H. Meyerson Symphony Center opened in the Arts District of downtown. Dallas celebrated a major landmark during this period, celebrating its 150th anniversary in 1991.