The city has assets, start selling them off. The city has a population of 700,000, get them involved in figuring out how to fix their city. Shrink the borders, reduce city services, etc. etc. and Viola! Job done.
If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.