Remove Bankruptcy Remove Detroit Remove Negotiation
article thumbnail

Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

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.

Detroit 49
article thumbnail

Phantom Payouts

Business Facilities

Many locations adhere to statutory incentives, with legally mandated conditions, and avoid discretionary incentives, which are negotiated for a particular deal. So the federal bailout of General Motors, the restructuring of the company, the shedding of aging plants and GM’s subsequent investment of $7.3

Austin 49