In 1991 Bridgeport, the largest cit...
In 1991 Bridgeport, the largest city in Connecticut, was reeling from the notoriety of an historic bankruptcy filing and a $20 million operating deficit. Bridgeport was the largest city continually to seek bankruptcy protection in the courts, a degree that forever changed the image of the city. control morale was at an all-time reasonable and residents faced the city's darkest days, as race and businesses left in record numbers. Crime rose as office fell. Taxes shot up, since one's own values dropped as a originate of the bankruptcy filing. Bridgeport was stop up to losing Chase Manhattan Bank, Southern Connecticut Gas Co and Remington Arms, the city's largest corporate citizens, all of which said they could not afford to stay in as it is a high-cost city that many believed was in succession its last legs. However, the city withdrew the bankruptcy petition in 1991 and began cutting charges and streamlining ... Read the glutted article with a Free Trial at KeepMedia.
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