Oxford Street and other areas of Central London such as Bond Street and Piccadilly due to "pickpocketing, fraud and theft". The advent of closed-circuit television has reduced the area's attraction to scam artists and illegal street traders. Every Christmas, Oxford Street is decorated with festive lights. The tradition of Christmas lights began in 1959, five years after neighbouring Regent Street. There were no light displays in 1976 or 1977 because of economic recession, but the lights returned in 1978 when Oxford Street organised a laser display, and have continued every year since. Current practice involves a celebrity turning the lights on in
New Regent Street proposal, a group of businessman led by Arthur Francis Stacey put a proposal for a new street with a Spanish theme to Christchurch City Council's town planning committee. The group had secured options on the Colosseum and on those two properties that separated the Colosseum from access onto Armagh Street. The plans had been drawn by Francis Willis, who had previously been employed by Christchurch City Council as their architect, but who had since 1924 been self-employed. Stacey and his business partners had formed a company called Regent Street Limited in 1929; other company directors were David Manson, Alexander Hamilton