Prescott was founded in 1864 as the territorial capital of Arizona. In 1900, the business center burned to the ground, but the courthouse in the town square was saved, and the burned-out area's former wooden buildings were replaced by brick structures. Because the closest interstate highway is more than 30 miles away, much of Prescott's history and sense of community have been preserved, and historical districts abound. The local chamber of commerce refers to Prescott as "Everybody's Hometown." It is also known as the "Christmas City of Arizona" and holds an annual Christmas parade, with appropriate courthouse lighting.