August 1, 2014 at 12:01 am

BANKRUPT DETROIT: Continuing coverage

    • 11:23 PM, Jul. 31, 2014
    • BUSINESS

    Detroit narratives don't tell real story

    A Michigan-born friend who lives in New York City now loves to remind me that few cities fascinate the Big Apple and its media more than Detroit, especially once its dysfunction became the epicenter of American bankruptcy.

    • 7:34 PM, Jul. 31, 2014
    • METRO AND STATE
    • Wayne County

    Creditor groups ask federal court to delay action on Detroit bankruptcy appeals

    Five major Detroit creditor groups representing pensioners joined the city and State of Michigan on Thursday in asking a federal court to delay action on appeals or risk jeopardizing the bankruptcy 'grand bargain.'

    • 11:41 PM, Jul. 30, 2014
    • METRO AND STATE
    • Wayne County

    Appeals court wary of Syncora bid to block Detroit casino cash

    Cincinnati A panel of federal appeals court judges Wednesday had some criticism for a bond insurer's bid to block Detroit from accessing casino revenue, with one judge calling the creditor's efforts 'fairly Draconian.'

    • 10:48 AM, Jul. 30, 2014
    • METRO AND STATE
    • Wayne County

    Detroit drops proposal for bankruptcy 'plan monitor'

    The city dropped plans late Tuesday to install a court-appointed official to oversee compliance with Emergency Manager Kevyn Orr's plan to shed more than $7 billion in debt.

    • 4:37 PM, Jul. 29, 2014
    • METRO AND STATE
    • Wayne County

    Detroit City Council rejects Orr request for bids on parking department

    The City Council on Tuesday turned down a request from Emergency Manager Kevyn Orr to solicit proposals from bidders interested in running or buying Detroit's municipal parking department.

    • 11:57 PM, Jul. 29, 2014
    • METRO AND STATE
    • Wayne County

    Judge sets Thursday deadline for bankruptcy eligibility challenges

    A federal appeals court judge late Tuesday challenged creditors to decide within 48 hours if they'll continue to contest Detroit's eligibility for bankruptcy and its plan to cut pensions.

    • 9:06 PM, Jul. 29, 2014
    • METRO AND STATE
    • Wayne County

    Trial on Detroit debt-cutting plan delayed by another week

    U.S. Bankruptcy Judge Steven Rhodes on Tuesday delayed by another week the trial over Detroit's debt-cutting bankruptcy exit plan.

    • 8:35 PM, Jul. 27, 2014
    • METRO AND STATE
    • Wayne County

    Report for Detroit creditor nearly doubles value of DIA collection at $8.5B

    Detroit A new report analyzing the collection at the Detroit Institute of Arts almost doubles previous estimates of what the works are worth, putting their value at $8.5 billion. An earlier report put the value of the museum's 66,000 objects somewhere between $2.76 billion and $4.6 billion.

    • 11:15 PM, Jul. 25, 2014
    • METRO AND STATE
    • Wayne County

    Revised Detroit debt plan calls for 'plan monitor' with subpoena power

    Detroit could be under prolonged and apparently unprecedented court oversight if the city successfully emerges from bankruptcy court this fall, according to a plan proposed Friday.

    • 11:57 PM, Jul. 25, 2014
    • METRO AND STATE
    • Wayne County

    Moody's: Troubled Michigan cities may follow Detroit Chapter 9 plan

    Moody's Investors Service says a successful resolution of Detroit's Chapter 9 bankruptcy restructuring may prompt other financially troubled Michigan cities to follow suit.

    • 7:15 PM, Jul. 24, 2014
    • METRO AND STATE
    • Wayne County

    Water shut-off foes deliver petitions — and water — for Detroit

    Opponents of the water department's controversial shut-off campaign over unpaid bills rallied Thursday outside City Hall, delivering petition signatures and gallons of water to support Detroit families.

    • 4:04 PM, Jul. 24, 2014
    • METRO AND STATE
    • Wayne County

    Detroit's 313th birthday party takes flight (sort of) in Campus Martius

    Detroit The 313 butterflies were released from envelopes at noon Thursday at a celebration downtown, a symbol of the city rising on its 313th birthday and bringing in a new era for Detroit.

    • 2:57 PM, Jul. 24, 2014
    • METRO AND STATE
    • Wayne County

    PETA will pay water bills for 10 Detroiters willing to go vegan

    An animal rights group is offering to pay outstanding water bills for 10 Detroit residents on the condition they become vegan for one month.

    • 5:09 PM, Jul. 23, 2014
    • METRO AND STATE
    • Wayne County

    NAACP denounces water shut-offs nationwide, cites Detroit controversy

    The National Association for the Advancement of Colored People passed a resolution Tuesday during its national convention denouncing public utility shut-offs involving the poor, the organization's local branch said.

    • 11:30 PM, Jul. 22, 2014
    • METRO AND STATE
    • Wayne County

    Bond insurers grow 'more isolated' in opposition to Detroit's 'grand bargain'

    Detroit — Bond insurers say they'll continue fighting the city's plan to dump $7 billion in debt and favor pensioners over financial creditors, but chances are they'll ...

    • 7:40 PM, Jul. 21, 2014
    • METRO AND STATE
    • Wayne County

    Water department: Detroit shut-offs just on pause

    The department is facing criticism worldwide for mass shutoffs that have turned off water to 15,200 customers since March, but department spokesman Bill ...

    • 10:49 AM, Jul. 22, 2014
    • METRO AND STATE
    • Wayne County

    Detroit's debt-cutting plan gets big but not complete support

    Retired and current workers have officially approved modest reductions in their pensions — a feat that seemed inconceivable a year ago when Detroit took ...

    • 10:16 AM, Jul. 21, 2014
    • METRO AND STATE
    • Wayne County

    Detroit residents sue to stop water shut-offs

    A group of Detroit residents has sued the city in U.S. Bankruptcy Court claiming a shutdown of water services to about 30,000 low-income households violates ...

    • 9:44 AM, Jul. 19, 2014
    • METRO AND STATE
    • Wayne County

    Trading gavel for guitar, Detroit bankruptcy judge Rhodes doesn't miss a beat

    Detroit The 29-song setlist is packed with tunes to go broke to. There's 'Gimme Some Lovin'' for impaired creditors and 'Keep Your Hands to Yourself,' for secured ...

    • 9:17 PM, Jul. 18, 2014
    • METRO AND STATE
    • Wayne County

    Creditor again asks judge to delay Detroit bankruptcy trial

    Detroit A holdout creditor asked Detroit's bankruptcy judge late Friday to delay a trial over the city's plan to cut $7 billion in debt until late September.

    • 10:12 AM, Jul. 18, 2014
    • METRO AND STATE
    • Wayne County

    Detroit services improving, but neighborhoods slow to see change

    City services are starting to improve one year after Detroit filed the nation's largest municipal bankruptcy. But residents and city officials agree ...

    • 5:48 PM, Jul. 17, 2014
    • METRO AND STATE
    • Wayne County

    Macomb drainage district seeks bigger claim in Detroit bankruptcy

    Detroit — The city's bankruptcy judge is expected to decide Monday on a Macomb County creditor's request to increase the value of its claim, a move that could ...

    • 8:24 AM, Jul. 17, 2014
    • BUSINESS

    First year of Detroit's bankruptcy could have been much worse

    There will be no celebrations at 4:06 p.m. Friday, only quiet acknowledgment that the largest municipal bankruptcy in American history is marking its first ...

    • 10:53 PM, Jul. 16, 2014
    • METRO AND STATE
    • Wayne County

    Firefighters union seeks to stop Detroit restructuring over bargaining rights

    Detroit The city's last remaining major labor union that hasn't reached a contract deal in bankruptcy was in court Wednesday arguing Detroit's changes to pensions for ...

    • 10:35 PM, Jul. 16, 2014
    • METRO AND STATE
    • Wayne County

    DIA secures 80% of its part of grand bargain

    The Detroit Institute of Arts announced Wednesday that it's secured commitments for 80 percent of the $100 million the museum is responsible for raising as ...

    • 6:22 PM, Jul. 15, 2014
    • METRO AND STATE
    • Wayne County

    Detroit residents plead with judge to keep pensions, benefits intact

    More than a dozen retirees and Detroit residents urged the city's bankruptcy judge Tuesday to spare pensions and health care benefits from being cut and one ...

    • 6:52 PM, Jul. 14, 2014
    • METRO AND STATE
    • Wayne County

    Detroit ordered to pay $10K for sharing confidential documents

    The bankrupt city was ordered Monday to pay $10,000 for inadvertently sharing confidential documents about closed-door negotiations among creditors.

    • 10:44 AM, Jul. 12, 2014
    • METRO AND STATE
    • Wayne County

    Sources: Detroit's debt-cutting plan headed for approval by retirees

    The city's $7 billion debt-cutting plan appeared to have the support of Detroit retirees on Friday after early returns showed pensioners favoring the proposal ...

    • 10:02 PM, Jul. 10, 2014
    • BUSINESS

    Targeting water scofflaws fair, long overdue

    How dare those people at the Detroit Water and Sewerage Department start running their shop according to general business principles, like asking past-due ...

    • 10:24 PM, Jul. 10, 2014
    • METRO AND STATE
    • Wayne County

    Detroit plans $7 billion debt cut in bankruptcy

    Detroit A consultant working on Detroit's restructuring will pocket a $28 million bonus if the city successfully emerges from the biggest municipal bankruptcy in U.S. ...

    • 6:33 PM, Jul. 10, 2014
    • METRO AND STATE
    • Wayne County

    8 arrested during protest over Detroit water shut-offs

    Detroit police arrested eight people Thursday for misdemeanor disorderly conduct as they protested against the city's water shut-off policy.

    • 10:05 PM, Jul. 9, 2014
    • BUSINESS

    New DIA art evaluation is unlikely to unravel 'grand bargain'

    The DIA is not home free. Not after a valuation of its prodigious collection concluded the museum’s 60,000-piece collection could be worth as much as $4.6B.

  1. Report: Total value of DIA art ranges from $1.1B to $4.6B

    A New York art investment firm brought in to appraise the full collection at the Detroit Institute of Arts puts its total value between $1.1 billion and $4.6 ...

    • 11:02 PM, Jul. 8, 2014
    • METRO AND STATE
    • Wayne County

    Detroit reaches key labor deal with police union amid bankruptcy

    The city reached an agreement late Tuesday with a key police union that could speed the city's exit from bankruptcy and shorten next month's trial over ...

    • 6:32 PM, Jul. 8, 2014
    • METRO AND STATE
    • Wayne County

    EM: Pay bump for non-union employees intended to restore earlier cuts

    Detroit — The city's emergency manager has authorized a pay raise beginning this month for non-union employees, including Mayor Mike Duggan and Detroit's City ...

    • 8:28 PM, Jul. 3, 2014
    • BUSINESS

    Detroit needs deal with creditors, not victory

    If the city's obvious pressure campaign doesn't produce the negotiated settlement its lawyers seek, they could find their client with a victory it does not ...

    • 9:05 PM, Jul. 3, 2014
    • METRO AND STATE
    • Wayne County

    Detroit bankruptcy hearing set as deadline for voting on pension, benefit cuts nears

    Detroit — Retirees and other creditors have until Friday to vote on proposed pension and benefit cuts that could help Detroit emerge from bankruptcy court and ...

    • 4:11 PM, Jul. 3, 2014
    • METRO AND STATE
    • Wayne County

    Lawyers subpoena bank involved in Kilpatrick pension deal

    The city's bankruptcy team demanded answers today about how a former Kwame Kilpatrick appointee who helped engineer an infamous $1.4 billion pension deal left ...

    • 4:52 PM, Jul. 2, 2014
    • METRO AND STATE
    • Wayne County

    Detroit bankruptcy lawyers probe award for Kilpatrick pension deal

    Detroit — The city's bankruptcy team wants to know how and why a prominent financial trade publication gave the city an award in 2005 for an infamous pension ...

    • 6:13 PM, Jul. 1, 2014
    • METRO AND STATE
    • Wayne County

    Michigan Chronicle publisher seeks to give building to Detroit pension fund

    Detroit — Detroit's largest African-American media company is seeking to hand over its headquarters building to a city pension fund to resolve a complicated ...

    • 11:36 PM, Jun. 30, 2014
    • METRO AND STATE
    • Wayne County

    Detroit retirees get option to repay excess interest in one lump sum

    Detroit retirees in the General Retirement System will be able to repay excess interest earnings credited to their retirement savings accounts by making a lump ...

    • 10:58 PM, Jun. 27, 2014
    • METRO AND STATE
    • Wayne County

    AFSCME, Orr sign contracts that include pay increase for workers

    Emergency Manager Kevyn Orr and a bankruptcy mediator joined the city's largest labor union today to sign contracts that call for a pay increase and were ...

    • 11:11 PM, Jun. 26, 2014
    • METRO AND STATE
    • Wayne County

    Online house auction raises $1M so far for Detroit

    Detroit — The city's plan to auction abandoned homes in neighborhoods has raised more than $1 million in revenue, city officials said Thursday.

    • 4:18 PM, Jun. 26, 2014
    • METRO AND STATE
    • Wayne County

    Bankruptcy judge favors bus tour, deals some setbacks to Syncora

    U.S. Bankruptcy Judge Steven Rhodes on Thursday says he wants to move forward with plans for a three-hour bus tour of Detroit despite potential organizational ...

    • 6:09 PM, Jun. 26, 2014
    • METRO AND STATE
    • Wayne County

    Detroit's largest city employee union ratifies five-year contract

    Detroit — The city's largest union and several others announced Thursday they have ratified a five-year contract negotiated on the sidelines of Detroit's ...

    • 6:09 PM, Jun. 25, 2014
    • METRO AND STATE
    • Wayne County

    State sells $185M in bonds for new Detroit streetlights

    The state successfully sold $185 million in new bonds Wednesday to help pay for 55,000 new streetlights in Detroit.

    • 5:59 PM, Jun. 24, 2014
    • METRO AND STATE
    • Wayne County

    Lawyer: Creditors want to shield judge from Detroit's 'human reality'

    Holdout creditors are trying to keep U.S. Bankruptcy Judge Steven Rhodes from seeing the real Detroit — the good, the bad and the ugly — by protesting his ...

  2. Snyder casts yes ballot to accept partial payment from bankrupt Detroit

    Detroit The state of Michigan cast its first ballots as a creditor on claims outlined in the debt-cutting plan in Detroit's historic bankruptcy.

    • 11:12 PM, Jun. 24, 2014
    • METRO AND STATE
    • Wayne County

    City attorney: Detroiters should 'stand up and say no' to EM process

    Detroit — An attorney for the city cried foul Tuesday over ordinance amendments tied to a new hybrid pension plan being imposed by Emergency Manager Kevyn Orr.

    • 5:59 PM, Jun. 23, 2014
    • METRO AND STATE
    • Wayne County

    Creditor continues fight for retirees' personal financial data

    A holdout creditor said Monday it sympathizes with retirees who face cuts in Detroit's bankruptcy case but still wants access to the personal financial ...

    • 11:26 PM, Jun. 20, 2014
    • METRO AND STATE
    • Wayne County

    Snyder signs 'grand bargain' legislation amid fanfare

    Calling it 'an important milestone' in Detroit's comeback, Gov. Rick Snyder this morning signed legislation that adds $195 million in state aid to a pool of ...

    • 7:26 PM, Jun. 20, 2014
    • METRO AND STATE
    • Wayne County

    Detroit bankruptcy creditor seeks to grill Snyder in court

    A bond insurer facing losses of up to $1.1 billion in Detroit's bankruptcy wants to depose Gov. Rick Snyder under oath about his role in facilitating a deal to ...

    • 6:35 PM, Jun. 19, 2014
    • METRO AND STATE
    • Wayne County

    Detroit fights creditor's request for city retirees' personal information

    Detroit's bankruptcy attorneys want a judge to block an aggressive creditor from gaining access to the personal financial information of 20,000 retired city ...

    • 11:48 PM, Jun. 19, 2014
    • METRO AND STATE
    • Wayne County

    Police, fire board pushes yes vote

    Detroit — The city's Police and Fire Retirement System voted Thursday to endorseDetroit's debt-cutting plan and will send letters to individual members recommending ...

    • 10:45 PM, Jun. 18, 2014
    • METRO AND STATE
    • Wayne County

    Detroit moves to hybrid pension plan for city employees

    City employees will see deductions in their paychecks beginning next month as Detroit moves to implement a new hybrid pension plan, the emergency manager's ...

    • 11:33 PM, Jun. 17, 2014
    • METRO AND STATE
    • Wayne County

    Creditors: Bankruptcy judge's tour of Detroit could be dangerous

    Holdout creditors want to block Detroit's lawyers from taking U.S. Bankruptcy Judge Steven Rhodes on a tour of the city, arguing security could be jeopardized ...

    • 2:18 PM, Jun. 17, 2014
    • METRO AND STATE
    • Wayne County

    Schuette approves 'grand bargain' for Detroit bankruptcy

    Michigan Attorney General Bill Schuette on Tuesday approved a $661 million plan to bolster pensions and protect the Detroit Institute of Arts collection from ...

    • 7:13 PM, Jun. 16, 2014
    • METRO AND STATE
    • Wayne County

    Detroit council gives final OK to transfer DIA assets to trust

    Detroit The City Council today gave its final approval of a bankruptcy plan to transfer the assets of the Detroit Institute of Arts to an irrevocable trust in exchange ...

    • 11:53 AM, Jun. 13, 2014
    • METRO AND STATE
    • Wayne County

    Lawyer accuses Detroit creditor of harassing foundations

    A holdout creditor is trying to annoy, oppress and harass several foundations because they are contributing millions of dollars to bolster pensions and protect ...

  3. White House Detroit adviser getting job with VP's office

    Washington — The White House point person on Detroit is getting a new high-profile job with Vice President Joe Biden.

    • 11:48 PM, Jun. 12, 2014
    • METRO AND STATE
    • Wayne County

    Police and Fire Retirement System trustees delay vote on bankruptcy plan

    Detroit After more than three hours of closed talks Thursday, the city's Police and Fire Retirement System postponed for a week a vote on whether to back Detroit's ...

    • 10:20 PM, Jun. 11, 2014
    • METRO AND STATE
    • Wayne County

    Detroit's general retiree board votes to approve debt-cutting plan

    Detroit The General Retirement System board voted to endorse Detroit's bankruptcy plan of adjustment Wednesday and urged its retirees to affirm the plan to prevent ...

    • 10:19 PM, Jun. 11, 2014
    • METRO AND STATE
    • Wayne County

    Duggan: Yes vote on bankruptcy plan 'not a complicated decision'

    Detroit — Mayor Mike Duggan on Wednesday encouraged Detroit retirees to support the city's debt-cutting bankruptcy plan, noting without it $820 million in ...

    • 11:23 AM, Jun. 11, 2014
    • METRO AND STATE
    • Wayne County

    Schuette seeks to quash subpoena related to DIA art sale

    Attorney General Bill Schuette wants to block a holdout Detroit creditor from questioning him about a legal opinion that the Detroit Institute of Arts ...

    • 5:58 PM, Jun. 10, 2014
    • METRO AND STATE
    • Wayne County

    Creditor rips Detroit's 'grand bargain' in scathing court filing

    Detroit A holdout creditor ripped the 'grand bargain,' Detroit's public-relations spin and federal mediators in a scathing court filing Tuesday.

    • 5:55 PM, Jun. 9, 2014
    • METRO AND STATE
    • Wayne County

    DIA hopes $26M commitment from Detroit automakers fuels more giving

    The Detroit Institute of Arts announced Monday a $26 million commitment from Detroit automakers toward the museum's $100 million share of a fund to aid city ...

    • 10:54 PM, Jun. 6, 2014
    • METRO AND STATE
    • Wayne County

    Automakers to contribute $26M to DIA's share of 'grand bargain'

    The Detroit Institute of Arts is expected to announce Monday that the city's hometown automakers will contribute about $26 million toward the museum's $100 ...

    • 5:07 PM, Jun. 5, 2014
    • METRO AND STATE
    • Wayne County

    Council votes to transfer DIA assets to trust

    The City Council today voted to endorse Emergency Manager Kevyn Orr's plan to transfer assets of the Detroit Institute of Arts to an irrevocable trust in ...

    • 10:55 PM, Jun. 6, 2014
    • METRO AND STATE
    • Wayne County

    Detroit retirees split on plan to cut pensions

    Detroit — A divided crowd filed out of Fellowship Chapel Thursday, some vowing a fight, others saying they will likely concede to pension cuts as part of Detroit's ...

  4. Gov tries to seal bankruptcy deal with Detroit retirees

    Gov. Rick Snyder had a message today for other distressed municipalities that might ask the state for cash in light of an unprecedented rescue package for ...

    • 12:58 PM, Jun. 4, 2014
    • METRO AND STATE
    • Wayne County

    Creditors seek to delay Detroit bankruptcy trial until fall

    Detroit — A group of holdout creditors wants to delay a trial over the city's debt-cutting plan by two months, a request that threatens to delay Detroit's ...

    • 5:49 PM, Jun. 4, 2014
    • METRO AND STATE
    • Wayne County

    Police and fire retirees have questions, concerns about Detroit bankruptcy plan

    Detroit — The city's Police and Fire Retirement System on Wednesday fielded hours of questions from a crowd of several hundred that packed the IBEW Hall on ...

  5. Detroit's 'grand bargain' sweeps ahead

    The Michigan Senate on Tuesday greenlighted the state's participation in Detroit's bankruptcy 'grand bargain,' approving $195 million in aid for Detroit ...

  6. Nobody seems to like Buckfire

    Mackinac Island Mention Ken Buckfire's name and the reaction is visceral from those who are involved in the tense negotiations to establish a regional water authority.

    • 5:27 PM, May. 30, 2014
    • METRO AND STATE
    • Wayne County

    Orr: Some Detroit pensioners to benefit from bankruptcy ballot error

    Detroit will resend bankruptcy voting ballots to 2,000 retirees because of an error in calculations to pension changes, resulting in $15 million less being ...

  7. Orr: Detroit's financial creditors spreading 'misinformation'

    Detroit Emergency Manager Kevyn Orr said today the city's aggressive financial creditors are spreading 'misinformation' about the city's plan favoring a ...

    • 5:20 PM, May. 30, 2014
    • METRO AND STATE
    • Wayne County

    Snyder ready to be 'positive force' in negotiations over Detroit water department

    Mackinac Island After remaining on the sidelines, Gov. Rick Snyder said Friday he would try to help broker a deal between Detroit and suburban leaders over future management ...

    • 5:04 PM, May. 29, 2014
    • METRO AND STATE
    • Wayne County

    Duggan program would create 5,000 summer jobs for Detroit teens

    Mayor Mike Duggan has created a new summer employment program for young people in Detroit. The goal is to hire 5,000 youth for eight weeks next summer at $2, ...

    • 6:44 PM, May. 28, 2014
    • METRO AND STATE
    • Wayne County

    Thousands of Detroit bankruptcy ballots inaccurate, will require revote

    Detroit Thousands of Detroit retirees and workers who voted on the city's debt-cutting plan received inaccurate ballots and need to vote again, an error that lawyers ...

    • 6:15 PM, May. 28, 2014
    • METRO AND STATE
    • Wayne County

    Judge: Teen can sue Charles Pugh, not Detroit, over alleged conduct

    A teen who says former Detroit Councilman Charles Pugh had an inappropriate relationship with him can pursue a lawsuit against him, but not the city, a judge ...

    • 4:28 PM, May. 28, 2014
    • METRO AND STATE
    • Wayne County

    Detroit bankruptcy team trying to put price tag on entire DIA collection

    The city's bankruptcy team is trying to put a price tag on the entire Detroit Institute of Arts collection following demands from various creditors.

    • 12:26 PM, May. 28, 2014
    • METRO AND STATE
    • Wayne County

    Metro Detroit water rates to likely rise if judge approves city debt plan

    Millions of customers across Metro Detroit have failed to pay enough for water service, the city's bankruptcy judge said Wednesday, and likely will pay higher ...

    • 12:47 AM, May. 28, 2014
    • METRO AND STATE
    • Wayne County

    Detroit defends its plan to emerge from bankruptcy

    Detroit The city defended its plan to restructure debt and emerge from bankruptcy protection and offered a preview of its legal strategy for a July trial in federal ...

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