City of Compton (California) may declare bankruptcy by September: officials

Reuters ^ | July 18, 2012 | Ronald Grover and Jim Christie

[dfwgator]

As if Dre or Cube would go anywhere near Compton today.

[wiggen]

I’ll disagree with your Compton statement. The reason cities grew where they did were usually geographic convenience and resources. Those reason are no longer really as relevant as they had been. The Detroit case with the bridge won’t transfer to most of the cities filing bankruptcy.

[kearnyirish2]

My issue with be with how to pay for it.

We recently had our governor here in NJ nix a third tunnel project under the Hudson River to NYC; people b!tched & moaned, stooping so low as to complain that people may need it to “see a Broadway show” (since our area lost so many jobs - especially financial jobs - there are a lot less people using ALL crossings into NYC, and since those jobs moved to Manila & Bangalore, they won’t be back anytime soon).

He said it simply didn’t make financial sense, and he was absolutely right; we can’t pretend it is 1990 anymore.

[cripplecreek]

Canada is giving us the money to pay for most of it and even putting up the money to buy the land for the approaches on the American side. They’ll do the toll collecting for 40 years and expect to make a profit in that time.

http://ca.news.yahoo.com/canada-michigan-announce-detroit-windsor-bridge-184845394.html

This isn’t high speed rail. There is an existing need here and Canada is giving us a deal that we simply shouldn’t ignore.

[kearnyirish2]

They should run with it then; just be sure they dot the “i”s and cross the “t”s.

Here in NJ we still collect tolls on the Garden State Parkway, more than fifty years after it was built; the tolls were originally supposed to be until it was paid off, but they’ve become a taxing entity unto themselves (with a whole population of parasites now making “careers” of it).

[TheOldLady]

LOL! I used to work in Compton. I see that you are familiar with it. [smiles]

[KentTrappedInLiberalSeattle]

Oh, yeah. Like a giant, open air, 24-hour L’il Kim video. ;)

[cripplecreek]

This is the only reason I can support it.



Its a major freight crossing forced into a bottleneck across an 80+ year old bridge owned by a real sleazeball who owns much of the decay you see in Detroit. Matty Maroun also owns Michigan Central Station and simply can't be trusted too hold half of America's truck trade hostage.

[TheOldLady]

Indeed. If you work there, you drive straight in, work, and drive straight out again. No gawking, no slowing down, no stopping for gas or any other reason.

It probably has not improved what with the newly-empowered “Amish.”

[kearnyirish2]

Sounds like a worthwhile project; hope it moves quickly.