Central Falls back in the national spotlight
The national media has started to highlight Central Falls’ fiscal woes in recent weeks, and there will be a lot more of this attention now that Governor Lincoln Chafee and receiver Robert Flanders announced plans this morning for a bankrupcy filing.
The last time Central Falls got so much notoriety was back in the 1980s, when the city was a significant point in the Northeast cocaine trade.
The irony is that Central Falls has some active small business districts, like Dexter Street, that compare well with those in other fiscally challenged cities, like Pawtucket and West Warwick.
But one of the biggest reasons for the city’s bankruptcy — the lack of a sufficient tax base — has developed as a crisis for a long, long time.