The Historic Core was the central business district of the city from the first decade of the 1900s through the 1950s. Before 1900
the business center was further north, between
the Plaza and about Third Street. Starting in the 1950s what is now the Historic Core started to decline. Upscale shopping had moved west to the Seventh & Hope area starting in the 1920s, and to
Mid-Wilshire by the 1930s. When consumers lived and worked near the prolific streetcar lines, it was relatively easy for them to reach downtown, the hub of both the
Los Angeles Railway and
Pacific Electric systems. Now, an ever increasing number of consumers had cars, lived further away from downtown, and due to the proliferation of suburban retail, were able to shop, dine, and go to the movies there without worries about downtown parking and traffic congestion. In addition, after World War II,
financial institutions moved several blocks to the west, ending up on
Figueroa Street, Flower Street, and
Grand Avenue. In the 1950s the Historic Core became the center of
Latino retail and entertainment in the city, e.g.: the
Million Dollar Theatre featured the biggest names in the Spanish language entertainment world. This paralleled the general
white flight occurring in
Central Los Angeles at the time, which saw Broadway become a major center for Latino life in the city. Although
prostitution and
drug dealing had occurred in the area as far back as the early 1920s, they became epidemic in the 1960s. The area's movie palaces, built between 1911 and 1931, became
grindhouses. The last of them closed in the 1990s; the
Orpheum Theatre recently underwent a complete restoration at a cost of several million dollars, and is now used for major movie premieres (such as "Collateral" in 2005), celebrity events (Michael Jackson's birthday party), comedy shows (Bill Burr), fashion shows, concerts (Opeth), and plays. Most of the older buildings have stores that cater to the Latino immigrant working class. The developing
street gang problem in
Los Angeles which began to worsen at the end of the 1960s and got considerably worse in the late 1970s, also hurt traditional commercial activity in the area, as it did much of downtown. While the
LAPD indicates that the area is a sort of neutral zone, which has not been claimed by any single gang and random gang violence is rare, the area remains one of the major areas for street drug sales in Los Angeles. ==Redevelopment==