Here's our live blog of the closing arguments in Detroit's bankruptcy trial. This morning, city attorney Bruce Bennett has been outlining why the latest Plan of Adjustment should be confirmed, focusing so far on the settlements and moves that reduce city expenditures.
The city filed its settlement agreement with bond insurer FGIC and holders of pension debt. Here it is.
The city and several creditors announced some major settlements today in the bankruptcy case. Here's what's happening:
Governor Rick Snyder says he’s pleased with how quickly the Detroit bankruptcy trial wrapped up – and he’s looking forward to the judge’s decision late next week. The Michigan Public Radio Network’s Rick Pluta reports.
Here’s our live blog of the closing arguments in Detroit’s bankruptcy trial. This morning, city attorney Bruce Bennett has been outlining why the latest Plan of Adjustment should be confirmed, focusing so far on the settlements and moves that reduce city expenditures.
As Detroit is poised to exit bankruptcy, work continues on other issues critical to the region’s future. In this piece published by our Detroit Journalism Cooperative partner, Bridge Magazine, writer Chelsea Maralason takes a look at the city’s non-motorized planning and related issues. She writes, “In the plan aimed for 2030, the integrated public transit system and walking trail wouldn’t just be centered on downtown. It would stretch from 8 Mile southbound.” Here’s the full story.
Detroit is going to scrap its own copper wiring, and the court’s expert witness Martha Kopacz takes the stand today. WDET’s bankruptcy reporter and Next Chapter Detroit blogger Sandra Svoboda has the latest on the bankruptcy trial, and says the end is in sight. Hear her on Detroit Today.
“Emotionally, it is easy to agree to be aghast at the thought of turning even more land into concrete ribbons. Paving over paradise. as Joni Mitchell might have sung. Yet there’s another side to this, which is that the city and state have present and future urgent transportation needs,” writes Jack Lessenberry at our Detroit Journalism Cooperative partner Michigan Radio. Here’s how the proposal is linked to Detroit’s post-bankruptcy recovery.
Experts with the United Nations are condemning officials in Detroit for shutting-off water to thousands of customers behind on payments. WDET’s Quinn Klinefelter has more.
At the conclusion of testimony from witnesses, Judge Steven Rhodes asked which attorneys plan to make closing arguments Monday and how long they would take. Here’s what they said:
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.