Imperial Valley Update: Stores Closing, Blue Angels, Serie del Caribe

KPBS | By KPBS Public Broadcasting

Published January 12, 2009 at 6:31 AM PST

This story was published more than 15 years ago.

2008 was a difficult year for the Imperial Valley. Last year, the region suffered one of the largest drops in home values in the nation. The Imperial County also had the dubious distinction of ownin

Maureen Cavanaugh: The Imperial Valley has been hit hard by the nationwide economic recession. Some long-term businesses have closed up shop, and nearly one-third of all homeowners in the Valley owe more on their houses than they are worth. But the overall number of people in the Imperial County with negative equity did decrease in 2008, and there are some hopeful signs that big events and new construction could ease the sting of the economic downturn.

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Brad Jennings, editor of the Imperial Valley Press .