A life-size bronze statue of late singer-songwriter Glenn Frey of the Eagles has been installed in the "Standing on the Corner" Park in Winslow, Arizona.

It joins the statue that many feel looks like Jackson Browne that has stood in the city's downtown area since the late 1990s.

Browne and Frey co-wrote the Eagles' song "Take It Easy" in 1972 that included the lyric "standing on a corner in Winslow, Arizona."

Two morning radio personalities from Phoenix classic rock station KSLX -- Mark Devine and Paul "NeanderPaul" Marshall -- helped fund the $22,000 Frey statue, along with the Standing on the Corner Foundation and the City of Winslow.

Last weekend's installation ceremony kicked off Winslow's annual "Standing on the Corner" music festival.

Devine said in a statement that after Frey died in January at age 67, "We thought a statue would be a great way to pay tribute to his everlasting impact on Arizona's history."

Marshall said "the song has two writers, so we thought adding another statue that will last forever would be perfect."

The statue depicts a long-haired, mustachioed Frey -- the way he looked in the early 1970s.

The other statue that resembles Browne is of a man with boots, jeans and a guitar.

In front of it is a Route 66 shield painted on the road and behind him is a mural with a woman looking in his direction -- a visual reference to the lines in the song: "Well, I'm standing on a corner in Winslow, Arizona, such a fine sight to see/ It's a girl, my Lord, in a flatbed Ford slowin' down to take a look at me."

The origins of the song date back to the early 1970s, when Frey was living below Browne in a $60-a-month Los Angeles apartment.

Frey said in a 2003 interview that Browne came up with the Winslow line after getting stranded there once but was stumped on how to finish the verse. Frey suggested the flatbed Ford line, and it clicked.

Shops around the Winslow park display Eagles tour posters and sell T-shirts, magnets and mugs depicting the hit song and its lyrics.