- Quotes
-
Mayor Joanne Mounce
"I know there have been several businesses that have been concerned about Stockton's bankruptcy, and that might actually help Lodi because they may move to our community as a result.
"But you never want to see communities like Stockton go bankrupt because there may be effects that we might be completely unaware of at this time. We might not have contemplated about what that could do to Lodi or retirees or employees of Stockton who happen to live in Lodi."
Councilman Bob Johnson
"I'm hopeful it will not have any effect on us. Apparently, Manual Lopez, the county administrator, indicated in the past week that the bonding agencies, like Fitch and Moody, may be looking over their shoulder.
"Our rating have been very, very strong lately and have increased in the electrical and water front. We are in pretty good shape.
"It would have some type of impact, but it's hard to put a finger on it."
Councilman Alan Nakanishi
"Stockton's bankruptcy should not affect Lodi. We didn't venture out into redevelopment. We didn't borrow money to do development that we can't pay for.
"I feel sorry for Stockton, but as far as Lodi is concerned, we are in difficult straits, but we are not in a position to go into bankruptcy."
Councilman Larry Hansen
"At first glance, I don't see how it could really affect Lodi. There really is no direct nexus financially from the city of Stockton and the city of Lodi. The slowdown in the economy, the screeching halt of homes, has stopped the surge from the city of Stockton toward Lodi. I've seen that kind of impact.
"You hate to see any city have to go through that, because it undermines the good things they are trying to do."
Posted: Saturday, March 10, 2012 12:00 am
|
Updated: 6:19 am, Sat Mar 10, 2012.
Stockton’s possible bankruptcy likely to have little effect on Lodi
By Maggie Creamer/News-Sentinel Staff Writer
Lodinews.com
|
Stockton's potential bankruptcy would likely have little direct effect on Lodi, but it could shine a negative spotlight on the county, city leaders say.
Stockton is currently in confidential mediation with its major creditors, including its unions and retirees. The process is a state-mandated step before the city can file for bankruptcy.
An online service is needed to view this article in its entirety.
You need an online service to view this article in its entirety.
Login
Or, use your
linked account:
Current print subscribers
Need an account? Create one now.
Or, use your
linked account:
kAmx7 $E@4<E@? H6C6 E@ 6?5 FA :? 32?<CFAE4J[ :E H@F=5 86?6C2E6 ?682E:G6 AC6DD 7@C E96 C68:@?[ r:EJ |2?286C #25 q2CE=2> D2:5]k^Am
kAm{@5: 92D ?@ 5:C64E 3FD:?6DD C6=2E:@?D9:AD H:E9 $E@4<E@?[ 3FE q2CE=2> D2:5 {@5: @7E6? Q86ED A2:?E65 H:E9 E96 D2>6 3CFD9Q 3642FD6 E96 4:E:6D 2C6 D@ 4=@D6 :? AC@I:>:EJ]k^Am
kAm{@5: 2=C625J 92D E@ 6>A92D:K6 E@ C2E:?8 286?4:6D E92E :ED 7@C64=@DFC6 2?5 6>A=@J>6?E ?F>36CD 2C6 :? =:?6 H:E9 E96 >@C6 A@D:E:G6 DE2E6 2G6C286 C2E96C E92? E96 4@F?EJ 2G6C286[ q2CE=2> D2:5]k^Am
kAmQ(6 @7E6? 86E =F>A65 :?E@ E96 4:EJ @7 $E@4<E@? 2?5 E96 86?6C2= 4@F?EJ 64@?@>:4 H@6D C2E96C E92? @FC 24EF2= D:EF2E:@?[Q 96 D2:5]k^Am
kAm~?6 A@E6?E:2= A6C< :D E92E E96 4:EJ @7 {@5: 92D C646?E=J C646:G65 EH@ ?6H 6>A=@J66D 7C@> $E@4<E@? — 2 ?6H A@=:46 @77:46C 2?5 E96 56AFEJ !F3=:4 (@C<D 5:C64E@C] q2CE=2> 6DA64:2==J A@:?E65 E@ E96 A@=:46 @77:46CVD `e J62CD @7 6IA6C:6?46[ 3642FD6 E92E :D 5:77:4F=E E@ 7:?5]k^Am
kAmQx 5@?VE >:?5 496CCJ A:4<:?8 H96? A@DD:3=6] q@E9 @7 E96D6 6>A=@J66D 76=E E96J H@F=5 36 >F49 36EE6C @77 96C6[ 2?5 E96J 3@E9 E@@< A2J 4FED E@ 4@>6 96C6[Q 96 D2:5]k^Am
kAm$E@4<E@?VD 7:?2?4:2= >6=E5@H? 4@F=5 6?4@FC286 3FD:?6DD6D E@ 4@?D:56C =@42E:@?D :? {@5:[ D2:5 !2E !2EC:4<[ AC6D:56?E 2?5 rt~ @7 E96 {@5: r92>36C @7 r@>>6C46] {@5: 92D E96 25G2?E286 @7 36:?8 4=@D6 E@ E96 $E@4<E@? A@CE[ EH@ C2:=C@25D 2?5 E96 $E@4<E@? 2:CA@CE E92E 42? 7=J :?E6C?2E:@?2= D9:A>6?ED]k^Am
kAmQx7 D@>6@?6 :D >2<:?8 2 564:D:@? @? H96C6 E@ AFE 2 5:DEC:3FE:@? 46?E6C @C >2?F724EFC:?8 A=2?E[ E96J >:89E D2J[ V(6 5@?VE H2?E E@ 8@ E@ $E@4<E@? 3642FD6 E96J 2C6 :? 32?<CFAE4J[VQ !2EC:4< D2:5]k^Am
kAmqFE !2EC:4< D2:5 96 H@CC:6D E92E 3FD:?6DD6D :?E6C6DE65 :? 4@>:?8 E@ E96 2C62 4@F=5 36 EFC?65 2H2J 3J E96 32?<CFAE4J @7 E96 4@F?EJVD =2C86DE 4:EJ]k^Am
kAmQ(6 5@?VE ?665 E92E >F49 ?682E:G:EJ] (6 2C6 2== ECJ:?8 E@ H@C< H:E9 E96 92C5 64@?@>:4 4@?5:E:@?[ 2?5 H6 5@?VE H2?E E96 C68:@? E@ 8@ 5@H?9:== 3642FD6 @7 2 32?<CFAE4J[Q !2EC:4< D2:5]k^Am
kAmuC@> E96 4:EJVD A6CDA64E:G6[ q2CE=2> D2:5 E96 92C> E@ E96 2C62 @FEH6:89D 2?J @7 E96D6 A@E6?E:2= A6C<D]k^Am
kAmQ}@3@5J H2?ED E@ D66 E96 4:EJ @7 $E@4<E@? 8@:?8 E9C@F89 E96 <:?5D @7 7:?2?4:2= 5:77:4F=E:6D E96J 2C6] %9@D6 D>2== 36?67:ED[ H6V== E2<6 25G2?E286 @7 E96>[ 3FE H6 5@?VE H:D9 E92E D:EF2E:@? :? $E@4<E@?[Q q2CE=2> D2:5]k^Am
kAmk6>mr@?E24E C6A@CE6C |288:6 rC62>6C 2E k2 9C67lQ>2:=E@i>288:64o=@5:Qm>288:64o=@5:k^2m k2 9C67lQ9EEAi^^?6HD]4@>Qm?6HD]4@>k^2m @C C625 96C 3=@8 2E k2 9C67lQ9EEAi^^HHH]=@5:?6HD]4@>^3=@8D^4:EJ03FKKQmHHH]=@5:?6HD]4@>^3=@8D^4:EJ03FKKk^2m]k^6>mk^Am
Thank you for reading 20 free articles on our site. You can come back at the end of your 30-day period for another 20 free articles, or you can purchase a subscription at this time and continue to enjoy valuable local news and information. If you need help, please contact our office at 209-369-2761.
You need an online service to view this article in its entirety.
Login
Or, use your
linked account:
Current print subscribers
Need an account? Create one now.
Posted in
News
on
Saturday, March 10, 2012 12:00 am.
Updated: 6:19 am.
| Tags:
Stockton,
Bankruptcy,
Rad Bartlam,
Pat Patrick,
Lodi Chamber Of Commerce,
Joanne Mounce,
Larry Hansen,
Alan Nakanishi,
Bob Johnson
(%remaining%) Remaining
Thanks for visiting Lodinews.com. You're entitled to view 20 free articles every 30 days. You will see 10 articles for free before being asked to register, and then you can view 10 additional articles by registering or logging in. Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thanks for visiting Lodinews.com. You're entitled to view 20 free articles every 30 days, and you currently have (%remaining%) free articles remaining ((%remaining_reg%) before being asked to register and (%remaining_sub%) before being asked to subscribe). Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thanks for visiting Lodinews.com. You're entitled to view 20 free articles every 30 days, and you currently have (%remaining%) free articles remaining ((%remaining_reg%) before being asked to register and (%remaining_sub%) before being asked to subscribe). Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thanks for visiting Lodinews.com. You're entitled to view 20 free articles every 30 days, and you currently have (%remaining%) total free articles remaining ((%remaining_reg%) before being asked to register and (%remaining_sub%) before being asked to subscribe). Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading Lodinews.com. You have viewed (%viewed%) of your 20 free pages in 30 days. Please login or register at this time and enjoy the next (%remaining%) articles free of charge. After your 20 free articles, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading Lodinews.com. Because you have already viewed this article, you may view it again as many times as you would like without subtracting from your remaining free article views.
(%remaining%) Remaining
Thank you for registering on Lodinews.com. You're entitled to view 20 articles for free every 30 days, and you currently have (%remaining%) remaining. Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading Lodinews.com. You're entitled to view 20 articles for free every 30 days, and you currently have (%remaining%) remaining. Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading Lodinews.com. You're entitled to view 20 articles for free every 30 days, and you currently have (%remaining%) remaining. Then, if you enjoy our site and want full access, we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading Lodinews.com. You're entitled to view 20 articles for free every 30 days. This is your last free article this period. On your next article we'll ask you to purchase an affordable subscription.
(%remaining%) Remaining
Thank you for reading 20 free articles on our site. You can come back at the end of your 30-day period for another 20 free articles, or you can purchase a subscription at this time and continue to enjoy valuable local news and information. If you need help, please contact our office at 209-369-2761.
Rules of Conduct
Welcome to the discussion.
Or, use your linked account: