St. Francis, Manhattan Institute Present Panel on City’s Fiscal Crisis

On Thursday, May 7, St. Francis College, in conjunction with the Manhattan Institute, will present a panel discussion on New York City’s fiscal crisis in historical perspective. According to the College’s press release:

New York is the only major city to have gone through repeated bouts of near bankruptcy most recently in 1932 and 1975. Now another 34 years later our spending levels exceed those of the early 1970s and our debt levels are climbing as in the 70s to unsustainable levels just as Wall Street has collapsed. What is there about New York that produces these recurring crises? What can the 1975 crisis teach us about what we need to do today?

Panelists will be Stephen Berger, Chairman, Odyssey Investment Partners; Eugene Keilin, Co-Founder & Senior Advisor, KPS Capital Partners, LP and John E. Zuccotti, Co-Chairman, Brookfield Properties Corporation and will be moderated by Dr. Frank J. Macchiarola, Chancellor, St. Francis College. Fred Siegel, Senior Fellow, Manhattan Institute and Contributing Editor, City Journal will deliver opening remarks. The event will take place at Founder’s Hall of St. Francis, 180 Remsen Street. Registration will begin at 6:00 P.M. and the discussion will start at 6:30. If you wish to attend, please RSVP by Monday, May 4 to Jaclyn Weber at 718-489-5337 or email

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