In a presentation to creditors delivered yesterday, Detroit emergency manager Kevyn Orr outlined a last-ditch effort to save the city from bankruptcy. Many creditors would have to agree to receive less than 10 cents on the dollar.
"Detroit emergency manager Kevyn Orr laid out an extraordinary, complex and painful path back to solvency for the city of Detroit this morning in a proposed plan to creditors," report Matt Helms, Joe Guillen and Alisa Priddle.
"It would spin off the city’s water department, reduce city-provided health care for retirees and immediately stop debt payments and then use that money to keep the city operating while reinvesting $1.25 billion over the next decade to boost crucial public services like police and fire, step up blight removal and transform an antiquated, failing city government."
"The impact of the document Orr released publicly and to creditors in a historic meeting this morning cannot be understated," say the reporters.
FULL STORY: Orr: Detroit to halt debt payments, reinvest $1.25 billion in city
Pennsylvania Mall Conversion Bill Passes House
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Brightline West Breaks Ground
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Colorado Bans No-Fault Evictions
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City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.