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
Broad Street, Oxford University library in Oxford) are important historical Oxford University buildings at the eastern end of the street. These buildings form the "de facto" centre of the University, since most academic buildings in the centre of Oxford are owned by individual (and autonomous) colleges rather than the University itself. To the west the street becomes George Street. The junction with George Street is a crossroads with Magdalen Street to the north and Cornmarket Street to the south. To the east the street becomes Holywell Street. The junction with Holywell Street is another crossroads, with Parks Road to the north and Catte