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Originally founded in 1920 as the Phoenix Players, the Phoenix Theater is not only the oldest arts organization in the state but also one of the oldest in the country. Before finding permanent home the Players performed at schools and in backyards and in 1924 were offered the Heard family's old coach house on Central and McDowell. It was then renamed the Phoenix Little Theater. Nowadays at that same location you'll find the thriving center of the city's arts and cultural area including the Phoenix Art Museum and Phoenix Library. The Phoenix Little Theater was renamed the Phoenix Theater in 1981and in 2006 the city made plans for millions of dollars in renovations to the facilites. Not that the changes will be able to get rid of the band of dramatic ghosts who are rumored to haunt the performance space.