New York Times Confirms: Hartford’s Going DownhillJune 12, 2017
The New York Times profiled Hartford on Sunday. Its conclusion? The city's in big trouble.
But even the Times has discovered, as of late, that Hartford – and, indeed, the entire state of Connecticut – is struggling.
In a new feature titled “What’s the Insurance Capital Without Aetna? Hartford May Find Out,” the Times‘ Kristin Hussey and Eli Rosenberg note how tough things are in Connecticut’s capital city right now:
Hartford’s finances are such a shambles that it is on the verge of bankruptcy. In a city already plagued by violence, murders are on the rise this year. Even the minor league baseball stadium, which opened to much fanfare two months ago, is the subject of an F.B.I. investigation over its hefty price tag.
Now comes the latest and perhaps most painful blow: Aetna, the insurance giant, announced last month that it was planning to move its headquarters out of the city it has called home since it was founded more than 150 years ago.
The Times spends little time on potential solutions – other than the possibility of more state aid – and notes insurance company The Hartford remains in Connecticut. But it does paint a bleak picture of Connecticut’s current state of affairs.
Did the New York Times see this coming? In fact, in its 2014 endorsement of Malloy, the Times editorial board warned that “an economic revival” is needed in Connecticut:
Connecticut’s recovery from the recession is still not robust enough. If Mr. Malloy is re-elected, an economic revival will still be the main item on his agenda, while keeping the state’s budget sound. It is a hard balancing act, but Mr. Malloy has proved that he is the one to do it.
How’d that work out?
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