Last Company Town to Fall

Scotia, California may be the nation's last remaining company town. The entire city could be headed to market this year.

"Founded in 1863 by the Pacific Lumber Co., Scotia became "lumberjack heaven"-a complete community with a school, a church, a post office, family homes, and a power plant that provided electric light years before the White House had it. Now it is about to change forever. Marathon Asset Management, a Manhattan-based hedge fund that reluctantly inherited this industrial Eden in a 2008 bankruptcy case, is planning to put the entire town on the market this year."

The move could give more power to residents to own their homes, elect representatives and for the first time have control over the future of their community.

Full Story: Scotia, Calif.: The Last Company Town

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
Habitat blockitecture tower

Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25