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June 28, 2012 09:44 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/BckZRGn4p_U/notes-from-the-bankruptcy-of-s.html
Notes from the bankruptcy of Stockton, CA
The LA Times's Diana Marcum tells the story of the bankruptcy of Stockton, California, a city of about 300,000 people, which has just filed for bankruptcy. The city -- and its developers -- borrowed heavily in the past decade to build a series of follies: a luxury hotel, a marina, a promenade, in a bid [...]Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/BckZRGn4p_U/notes-from-the-bankruptcy-of-s.html
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