savings and loan crisis forced many tenants in Downtown Houston buildings to retrench, and some went out of business. This development further caused Downtown Houston to decline. In 1986, Downtown's Class A office occupancy rate was 81.4%. The Downtown Houston business occupancy rate of all office space increased from 75.8% at the end of 1987 to 77.2% at the end of 1988. By the late 1980s, 35% of Downtown Houston's land area consisted of surface parking. In the early 1990s Downtown Houston still had more than 20% vacant office space. By 1987 many of the office buildings in Downtown Houston were owned by non-U.S. real estate figures. Downtown began to rebound from the oil crisis by the mid-1990s. A dozen companies relocated to Downtown in 1996 alone, bringing 2,800 jobs and filling of space. In 1997 Tim Reylea, the vice president of Cushman Realty, said that "None of the major central business districts across the country has seen the suburban-to-downtown shift that Houston has." Circa 2000 the Ballpark at Union Station/Enron Field, now Minute Maid Park, opened, Houston Downtown Management District president Bob Eury stated that this promoted subsequent development in Downtown. By 2000, demand for Downtown office space increased, and construction of office buildings resumed. The cutbacks by firms such as Dynegy, in addition to the fall of Enron, caused the occupancy rate of Downtown Houston buildings to decrease to 84.1% in 2003 from 97.3% less than two years previously. In 2003, the types of firms with operations in Downtown Houston typically were accounting firms, energy firms, and law firms. Typically newer buildings had higher occupancy rates than older buildings. In 2004, the real estate firm Cresa Partners stated that the vacancy rate in Downtown Houston's Class A office space was almost 20%. The Texas Legislature established the Downtown Houston Management District in 1995. Circa/after the 1990s, Downtown has experienced a boom in high-rise residential construction, spurred in large part by the Downtown Living Initiative (DLI), a tax incentive program created by the city. Between 2013 and 2015, the DLI subsidized 5,000 proposed residential units. As a result, Downtown's residential population has increased to 10,165 people in 4,777 units, up from 900 units in the 1995. Many of Downtown's older residential units are located in lofts and converted commercial space, many of which are located around the performance halls of the Houston Theater District and near Main Street in