POLL: Wall Street Journal Profiles City of University Place And Its Financial Struggles

On Friday, the Wall Street Journal published a profile on the City of University Place and its recent credit downgrade.

The piece, titled "A City Slips as Downgrade Hits Home," chronicles much of the city's financial woes that Patch and other media have covered, including its .

Here's an excerpt from the Wall Street Journal article:

Long a model American community with high-performing schools, beautiful parks and rising real estate values, this city of 31,000 on the Puget Sound has lately turned into a reluctant showcase for the downgrading of America.

It was in the midst of building a new downtown virtually from scratch when the financial crisis set in three years ago, leaving the city with a big debt and little of the new tax revenue it expected by now.

The article mentions other factors that might have contributed to the city's financial situation, and indicated that UP is part of a national trend of local governments struggling.

So we put the question to the residents of the city in question. Take the following poll, University Place, and let us know what you think.