Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1] By:David A. Smith If you can’t dazzle them with brilliance, baffle them with bull. – W. C. Fields Yesterday’s post present part of former Harrisburg receiver David Unkovic’s extraordinary speech to a national symposium on Distressed Municipalities, in which he laid out clearly why he believes that [...]
By:David A. Smith Hangman: Have you any last wish? W. C. Fields: Yes, I’d like to see Paris before I die. (Pause) Philadelphia will do. Philadelphia lawyer David Unkovic, a public-finance bond counsel for thirty years, is an unlikely urban theorist – but then, he recently had an unlikely experience. As I [...]
[Continued from yesterday's Part 4 and the preceding Part 1, Part 2 and Part 3.] By:David A. Smith In late November, 2011, as the Commonwealth of Pennsylvania was moving to appoint a receiver for its state capitol, Harrisburg, the city council by a 4-3 vote abruptly filed a bankruptcy petition, which was immediately [...]
[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.] By:David A. Smith After a decade of borrowing, the latter half of which consisted of borrowing to pay debt service on previous unwise borrowing, the voters of Harrisburg had had it – in 2010, they voted out Mayor Reed, and [...]
[Continued from yesterday's Part 2 and the preceding Part 1.] By:David A. Smith By now in our story of Harrisburg’s steps into insolvency, we’ve reached the point where Mayor Stephen Reed, whose political dominance was so great that candidates for city council ran as part of a “Reed team,” had persuaded the city [...]
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