Detroit, It's Time To Write The Next Chapter
On Friday, Judge Steven Rhodes announced he will confirm Detroit’s bankruptcy plan. It is the start of a new era for the Motor City. And it is a major milestone in accelerating the recovery underway in our largest city and our state. The bankruptcy relieves the city of more than $7 billion in debt. With the judge’s decision, the city can now also move forward and invest $1.4 billion over the next 10 years, continuing to improve and bolster services for its residents and building a solid financ...