 Residents in Ivy City were also extremely poor, with 22,000 of the neighborhood's residents earning less than $3,000 ($ in dollars) a year.In 1971, the crime rate in Ivy City was among the highest in the District of Columbia.On June 21, 1970, the Penn Central Railroad, which had inherited the B&O tracks and was one of the largest private companies in the United States, declared bankruptcy.