Get ready, folks! It's time for another progress report on America's most forlorn and depressed city, now even deeper in the throes of bankruptcy than ever before.
The city of Detroit filed a 120-page plan for bankruptcy today, including plans for investments in public safety, pensions for retirees and the Detroit Institute of Arts. If you've got time, read it here.
There's nothing more that needs to be said. Honda's latest ad for the Civic uses actual scenes from protests outside the courthouse where the city of Detroit's bankruptcy proceedings are being held to sell Civics.
A U.S. bankruptcy judge has decided that the city of Detroit can enter into bankruptcy, about five months after the city filed for the largest municipal bankruptcy in history. At stake is the future of pensions for thousands of city retirees and artwork in the Detroit Institute of Art worth millions.
Last month, the Detroit Free Press offered a superb explanation of how exactly Detroit went bankrupt. Today, The Detroit News is up to bat, and although their analysis is sadly lacking in .GIFs, it does share more insight on how the industry that drove the Motor City to success also drove it to failure.
The Obama administration announced today that it has "unlocked" $300 million in funds to grant to Detroit to speed up blight removal and restore city services, but make no mistake: It's not a bailout or rescue, and much of the money was already allocated in advance.
This straightforward GIF simplifies the long, but not-as-complicated-as-you-think story of Detroit's recent bankruptcy and counters the idea that it was always inevitable. It comes from this impressively thorough, absolutely must read story on Detroit's bankruptcy from the Detroit Free Press. Leave here and go there…
Do you have a bunch of questions about Detroit that you were too afraid to ask? It's fine, we'll always try to answer them in the best way we know how.
Another day, another disparaging comment about Detroit from someone somewhat important and another week's worth of outrage coming from Detroiters about how Detroit is Not That Bad. It's such a regular occurrence, you could set your watch to it.
There's been an influx of articles penned about what caused Detroit's troubles since the city succumbed to the woes of a potentially long municipal bankruptcy proceeding, but plenty of stories streamed out of here long before! Why not take a look at some?
I'm sure the Texan Jalop Alliance might disagree with that headline, but other than shouting out Houston a bunch of times over her career, I can't recall Beyonce making a specific dedication to any other city.
If you thought the stream of Detroit documentaries had finally slowed to a drip since the automotive industry is on a solid rebound, think again.
Detroit is bankrupt. Does it hurt to write those words? Honestly, it doesn't. It hurts as much as ripping a Band-Aid off. Detroit is bankrupt. Detroit is bankrupt. Detroit is bankrupt. I can say it a million times, but the emotional effects are minimal. Call it being jaded, or maybe just putting your head in the sand.…
The City of Detroit has just filed for Chapter 9 bankruptcy protection, the largest municipal insolvency in U.S. history, according to news reports.