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Any conversation about what’s wrong with urban America is bound to bring up Detroit at some point. That metro’s July 2013 bankruptcy—the largest municipal filing in U.S.
These have been dark days for Detroit. The manager will determine what he can salvage from a legacy of decline that has left Motown on the cusp of bankruptcy. billion in its Jefferson North plant on Detroit’s dilapidated East Side. In 2008, Chrysler rolled the dice and told the world it would invest $1.8
Detroit emerges from bankruptcy with its dignity intact. Great Lakes Detroit' Business Facilities (BF) Magazine. Ready to Roar appeared first on Business Facilities (BF) Magazine.
We took some ribbing last summer when we put up a post in this space entitled “ The Road to Recovery in Detroit ,” predicting that the Motor City would quickly rebound from its financial woes and become a magnet for new industries. cities for job-skills training. Welcome back from the Dark Side, banksters.
Investment in municipalities (such as municipal bonds) are some of the safest investments out there because these organizations will rarely default (I guess Detroit is an outlier). I also know that the school district won’t dissolve all of a sudden or declare bankruptcy.
Photo: The Detroit News/David Coates). ” “This is a significant milestone in our restructuring and represents substantial progress that we expect will allow us to continue down a path toward successfully emerging from bankruptcy,” Spanjers said. Pinnacle Airlines Corp.
These have been dark days for Detroit. city in history to file for bankruptcy. But out of the ashes of this monumental collapse— and in the midst of one of the most run-down neighborhoods in Detroit—a remarkable revival is rising like a phoenix. billion in its Jefferson North plant on Detroit’s dilapidated East Side.
Shortly after, I read another piece on bankruptcies in home building, and soon I was thinking of the more than 250 builders I’ve worked with over more than three decades and wondering: Does this “ Anna Karenina Principle ” about families also apply to home building? Strong locals have done well.
The Times apparently was shocked, shocked to learn that, when GM accepted these incentives prior to 2007, the company failed to warn its location partners that a global financial meltdown soon would bring it to the brink of bankruptcy and liquidation.
Your eyes weren’t deceiving you when you saw Detroit, MI sitting at No. Yes, we know that Detroit became the largest city in history to file for bankruptcy protection, a process the city is expected to emerge from this year. Airbus is the largest customer of the U.S. 10 in our Economic Growth Potential metro ranking.
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