Company Towns Still Exist?

The LA Times tells the story of Scotia, the state's last official company town:

Scotia, founded in the 1880s by Pacific Lumber Co., has been in a state of uncertainty since the lumber company filed for bankruptcy in 2007. The small town of 800, set among the redwoods of California's remote North Coast, was obtained by Marathon Asset Management in bankruptcy proceedings. Marathon ran the town through a subsidiary called the Town of Scotia Co., which maintained public spaces, fixed problems in the homes — all rentals — and served as the de facto city management.

Steve Clowney