I often observe that Phoenix is the city Cleveland was 50 years ago. There's a lot of similarities between the places--big immigrant populations that act as a source for unskilled labor, sprawl, a major research university in town that tries to be an economic driver, a family oriented nature to the place, unbalanced economies.
Sarah Fenske from the New Times picks up on the comparison and details some of bust decay around town. It's a great piece. Go read it.