Debt, deficit spending keep threat of bankruptcy alive for city

READY TO  REBOUND?  Providence Mayor Jorge O. Elorza says the city can fix its finances without turning to bankruptcy. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS
READY TO REBOUND? Providence Mayor Jorge O. Elorza says the city can fix its finances without turning to bankruptcy. / PBN FILE PHOTO/STEPHANIE ALVAREZ EWENS

Providence Mayor Jorge O. Elorza last month said residents and business leaders will finally see “cranes in the sky” this year. He sees a city about to turn a fiscal corner after years of stagnation. But if the city really is set for a rebound, why is there so much angst outside of City Hall

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