A small Oregon town faces financial peril. Can residents save Lakeview?

A small Oregon town faces financial peril. Can residents save Lakeview?

Like many former timber towns, Lakeview has struggled to rebound. Now, a series of bad bets, mismanagement and industry failures threaten the town's future.Teetering stacks of boxes are gathering dust in a cluttered public works shop in Lakeview, a small town that sits amid the sagebrush at the foot of the Warner Mountains. The boxes contain more than $386,000 worth of pipes, valves and other hardware meant to connect homes with water meters tha…