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Editors’ note: As we approach our fiftieth anniversary, in February 2023, we will, every week, highlight an important story from our past and offer some perspective on it. The most important address in Houston in 1985? Without a doubt, it was 515 Rusk Street, a cream-colored building with a grid of square portholes that was home to the federal bankruptcy court for the southern district of Texas.After years of low oil prices, Chapter 11 was endemic in the city. But no bankruptcy had the emotional reverberation as that of Sakowitz, Inc, Houston’s high-end clothier of choice, led by one of Houston’s most committed boosters, Robert Sakowitz. As the city grew richer with each passing year in the twentieth century, so did the clothes Sakowitz sold. When growth spilled…
The post How Texas Monthly Chronicled the Eighties Oil Bust Via a Beloved Houston Clothier appeared first on Texas Monthly.
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