Bankruptcy Judge Steven Rhodes is holding an evidentiary hearing today to help him decide whether he should order a halt to the water shutoffs in the city for people with unpaid bills. Here's what's happening in the courtroom.
Testimony today includes discussion of what would happen if the art were to be sold. “We would be in litigation to protect the collection. We hold the collection in trust and we consider that to be an obligation we cannot shirk and if it means fighting legally for it, we would," says DIA COO Annmarie Erickson.
The lineup today includes witnesses Ron Bloom, Sue McCormick, Suzanne Taranto and Michael Plummer. Bloom, who works for the investment banking firm Lazard Ltd., was the lead adviser to the Official Committee of Retirees in the Detroit bankruptcy case. He served as "auto czar" on the White House Auto Task Force that constructed the General Motors and Chrysler bailouts four years ago. McCormick is the director of the Detroit Water and Sewerage Department. Taranto is an actuarial consultant who worked on retiree health care costs for the city. Plummer works at Artvest Partners and assessed the Detroit Institute of Arts collection earlier this year. More on that here.
Detroit Emergency Manager Kevyn Orr’s tenure could end Sept. 27, according to state law, because after that date, the city council can vote to remove him. But City Councilman George Cushingberry told Bloomberg News there is a deal to keep him while the city’s bankruptcy case progresses. It’s a result of negotiations between Orr, Mayor Mike […]
Bankruptcy Judge Steven Rhodes is holding an evidentiary hearing today to help him decide whether he should order a halt to the water shutoffs in the city for people with unpaid bills. Here’s what’s happening in the courtroom.
Detroit’s bankruptcy trial is postponed for a week but Judge Steven Rhodes is holding a hearing Monday on the issue of water shut offs. Here’s why: In July, he heard from several people objecting to the city’s Plan of Adjustment. Some of them complained about the cancellation of water service to customers with unpaid bills, […]
As part of the bankruptcy mediation, the city, Macomb, Oakland and Wayne counties and the state reached an agreement for a regional water system: The Great Lakes Water Authority. Today, the Detroit City Council approved the deal in a 7-2 vote. Council President Brenda Jones and Member Mary Sheffield voted against the arrangement, citing the […]
Guest host Bankole Thompson leads a panel discussion about branding Detroit in the post-bankruptcy era. Professor of Sociology and Anthropology at St. John’s University Michael Indergaard and the CEO of The Parade Company, Tony Michaels, discuss the challenges and opportunities for Detroit’s image in the future.
Testimony today includes discussion of what would happen if the art were to be sold. “We would be in litigation to protect the collection. We hold the collection in trust and we consider that to be an obligation we cannot shirk and if it means fighting legally for it, we would,” says DIA COO Annmarie Erickson.
Ron Bloom testified today in the city’s bankruptcy trial as the financial consultant for the Official Committee of Retirees. The city’s Chapter 9 is not the first time Bloom has been involved in “Detroit” restructuring — except that the last time it was the “Detroit” defined as the auto industry and Big Three automakers instead […]
AboutNext Chapter Detroit is a place to explore and understand the city’s bankruptcy, its impact on people and neighborhoods and its long-term implications. Powered by coverage and conversations from the media outlets of the Detroit Journalism Cooperative, the site provides fact-based reporting from trusted sources and opportunities for citizen engagement.
WDET’s Sandra Svoboda is your site guide. A veteran Detroit journalist and 24-year area resident, she’ll share stories, add insight and ask questions to help decode the bankruptcy process and the city’s restructuring.