Tagged: Bankruptcy

This is the second of two stories we're doing today about Harrisburg. Read the first story here.

Harrisburg is broke.

The Pennsylvania city is deep in debt. It's still spending more than it takes in. And, as David Unkovic described it to me last week, there's a cash-flow problem.

This is the first of two stories we're doing on Harrisburg. Read the second story here.

Eric Papenfuse owns a bookstore in Harrisburg, Pa. He used to be on the city agency in charge of basic municipal services — sewer, water, trash.

After a 4-3 vote by the Harrisburg, Pa., city council Tuesday night to file for Chapter 9 municipal bankruptcy protection, a council member delivered the necessary documents to court today.

But now, The Associated Press reports, Harrisburg Mayor Linda Thompson (D) is making the case that the council doesn't have the authority to seek bankruptcy.

The Los Angeles Dodgers have filed for Chapter 11 bankruptcy protection. Major League Baseball recently nixed a TV deal for the Dodgers that team owner Frank McCourt said would provide financial stability for the team. The bankruptcy filing appears to be a last ditch effort by McCourt to keep baseball from seizing the Dodgers — one of the most storied teams in sports.

Owner: MLB Forced Us To This Point