Milwaukee, which translates to “the good land” in Algonquin, came close to being the second largest American city to declare bankruptcy this year. Historically (and still) a very segregated city, long term challenges with the state legislature and poor private partners, among other things, brought the community to the precipice of a very challenging process.
We led with the city last week in our review of post 2008 bankruptcies because it exemplifies many of the problems that local governments face in modern America. With this piece, we zero in on ‘the good land.’