Archives for posts with tag: Detroit bankruptcy

Detroit is a metaphor for America, for America’s challenges and America’s opportunities. It is a hothouse for new innovation, for ingenuity and risk taking. That doesn’t happen in a lot of American cities. We need to be in Detroit because of that. – Darren Walker, President of the Ford Foundation

Read more of the Free Press’ article How Detroit Was Reborn.

DIA

If you missed it, Detroit’s been restructured.

It became official two days ago and here’s details as reported by the Detroit Free Press on U.S. Bankruptcy Judge Steven Rhodes’ decision to approve the plan.

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Stephen Henderson’s editorial in today’s Detroit Free Press explains as clearly as I’ve seen why Detroit has entered into bankruptcy and, if all goes well later this week in court, how it will help Detroit.

The virtue of bankruptcy is the ability to start over. If Orr [emergency city manager Kevyn Orr] is successful, Detroit will have a once-in-a-lifetime opportunity to change — for the better.

Detroit

Kevyn Orr.  Mayor David Bing.  Detroit.  Bankruptcy.  Many losers.

It’s almost artful how this three minute New York Times video presents the scenario we now know as the largest urban bankruptcy in America.  It even has a musical score with little Hitchcockian notes.  Gives me the shivers.

Hitchcock

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