This week, the battle begins over Detroit’s recovery plan.
One man will decide the outcome – Bankruptcy Judge Steven Rhodes.
After reviewing the case for the pensioners; the faceless financial creditors Syncora and FGIC that want to sell everything in the Detroit Institute of Arts for a reputed $8.1 billion; and the police and fire departments, it seems everyone involved has thought of it all.
But they haven’t. Here’s the question they’re missing.
If Detroit’s creditors win and the DIA is gutted, city services are not returned to normal, pensioners get a bad deal and Detroit’s police and fire departments aren’t made whole again, then who’s going to want to live in Detroit?
Showing posts with label DIA. Show all posts
Showing posts with label DIA. Show all posts
Monday, September 1, 2014
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