Phoenicians, remember how we were told that the local housing market wouldn’t bust because of the strong economy in Phoenix?  Things have changed:

Could Sky Harbor soon become home to an army of one-armed bandits?

It might, if Mayor Phil Gordon has his way. Gordon wants to explore the possibility of partnering with a Native American tribe to bring slot machines to the airport.

The goal, he said, would be a profit-sharing agreement that would give the cash-strapped city a lucrative new source of revenue.

The slot-machine proposal, which is just at the idea stage, is just one of the proposals Phoenix is exploring as part of the revenue-enhancement team Phoenix formed this summer.

The group’s goal: Without raising taxes or fees, find new ways of making money for Phoenix.

The reason? Given the slow economy and plunging sales -tax revenue, Phoenix is – how to put this nicely?

"We’re broke," Gordon said.

How the mighty have fallen.