1. This Small New England City Was on the Verge of Bankruptcy. Now It’s a Turnaround Success Story.

    This Small New England City Was on the Verge of Bankruptcy. Now It’s a Turnaround Success Story.

    Successful cities nearly all have something in common: leadership that can figure out where the community needs to go and can execute a plan to take it there. Fifteen years ago, it seemed inconceivable that Springfield, Mass., could be described in such terms. But after almost collapsing into bankruptcy, Massachusetts’ third-largest city is in the best shape it’s seen for more than a generation.

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    1. A deficit that was twice as high as they thought -- what does that tell us about the condition of the city at the time?
    2. If you manage your people costs, you're freeing up money for all the other investments needed in the city.
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