Stock Island's first city council sworn in after being elected by voters. Months later, a judge ruled the election illegal and incorporation dies.
The majority of the shrimp and commercial fishing fleet has left Key West Bight for Stock Island.
Four people die during a shootout and subsequent car chase at Stock Island's most infamous bar, the Boca Chica Lounge.
The Key West Kennel Club dog track closes. It had opened in 1953.
New Stock Island Development Co. starts receiving the first of tens of millions of mortgages to purchase land surrounding Safe Harbor. The purchases eventually end in a $97 million foreclosure.
The Monroe County Commission approves a series of comprehensive plan changes that would have allowed for homes, condos, hotels and restaurants on Safe Harbor, but the state soundly rejects the proposal.
Developer Matthew Strunk rescues New Stock Island Development's Safe Harbor plan from foreclosure and revives it.
The county commission agrees to a series of land-use regulation changes that would allow hotels and other commercial development on Safe Harbor, but also require property owners to set aside waterfront land for fishing and other working waterfront activities.