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Stockton, California, May 1, 2012 - During the 1990's Stockton saw a revitalization of its downtown: a new waterfront park and downtown marina, a new transit center, DeCarli Square, a new county court house. The city borrowed heavily betting against the housing boom. When the market went boom, so did Stockton.<br />
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Stockton, a city of nearly 300,000 with strong agricultural roots, has been plagued by crime and misfortune over the past several decades. It saw home construction soar nearly three times over during the boom years from 1998 to 2005, only to fall just as precipitously to become a foreclosure epicenter when the boom turned to bust. In June of this year it became the largest city to file for bankruptcy.