Utica's Looming Bankruptcy Will be a ...

Utica's Looming Bankruptcy Will be a Boom for Entrepreneurs

Posted in the Utica Forum

truth

Ardsley, NY

#1 Jul 25, 2013
This is what happens when you get rid of the parasites!

CNBC.com Article: Detroit bottom could mean boom for entrepreneurs

As the Motor City's bankruptcy plays out in court, entrepreneurs including millenials are using creative business models to revive Detroit. From microgrants to recycling warehouses, they're seizing the adage "opportunity in a bottom."

Full Story:
http://www.cnbc.com/id/100900219
fact

Ardsley, NY

#2 Jul 25, 2013
City officials are the last people that anyone should ever listen to or take seriously
nobama

Whitesboro, NY

#3 Jul 25, 2013
Bankruptcy makes complete sense. The ones opposing it will be city officials and union leaders. They could care less about the taxpayers best interests.
Sam

Greig, NY

#4 Jul 25, 2013
nobama wrote:
Bankruptcy makes complete sense. The ones opposing it will be city officials and union leaders. They could care less about the taxpayers best interests.
It would be a great for Utica and NEW YORK STATE to go bankruptcy.
first all union contract are voided, next all pension are froze for one year, maybe longer, pay rates are adjusted to a lower rate, heath care cost also adjusted, OH yea, for anyone who is getting part of your husbands or wife state or city retirement money you will no long get any part of that.
Leo Gorcey

Syracuse, NY

#5 Jul 25, 2013
NO WAY!!!! Utica's rolling in money. The UPD union is asking for a 16% raise and Russ Brooks wants 6 new rigs for the city.$1.6M goes a long way....
cant wait

Whitesboro, NY

#6 Jul 25, 2013
Bankruptcy makes so much sense. That will be Utica's revival like Detroit. The inevitable is coming within 5 years.
so true

Whitesboro, NY

#7 Jul 26, 2013
Best thing for Utica!
Truth

Gouverneur, NY

#8 Jul 26, 2013
Totaly agree and well said!
cant wait

Whitesboro, NY

#9 Jul 26, 2013
The citizens of Utica need to rise up and demand bankruptcy! Start by getting council members on board. Why wait? Start the revitalization process now and tackle the inevitable head on like Detroit. This will spur more interest from people who could offer services to residents, provide choice and free markets prevail!
Crow

Ithaca, NY

#10 Jul 26, 2013
You guys better fix your black populations values first before there is any revival in any cities you morons.
citizens united

Whitesboro, NY

#11 Jul 26, 2013
Crow wrote:
You guys better fix your black populations values first before there is any revival in any cities you morons.
They will extinguish themselves or be forced to come together to rise and be part of the solution much like Detroit
Coming Soon

New York Mills, NY

#12 Jul 26, 2013
I think the biggest resistance is going to come from those who feed from the public trough. Bankruptcy is Utica's only hope. Imagine just how great this entire area could be by now had such restructuring been implemented just 10 years ago. Instead, the financial troubles continue to get kicked on down the road.

We need a brave new leader who will take such bold and decisive action.
Truth

Whitesboro, NY

#13 Jul 27, 2013
Village of Prospect has jumped on board. Are Utica's leaders going to put their pride aside and stop holding residents hostage.
Leo Gorcey

New Hartford, NY

#14 Jul 27, 2013
The best thing about Utica filing bankruptcy is the voiding of the public safety contracts. There broke!!
Truth

New York Mills, NY

#15 Jul 29, 2013
It needs to happen yesterday!

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