Archive: Agreements & Deals
Expert says Bond Markets Leery After Detroit Bankruptcy
Detroit’s bankruptcy casts a long shadow over the Metro region.
Regional Water Authority Choosing Leader
The new regional authority in charge of southeast Michigan’s water is set to name a leader, Michigan Radio reports. The...
By Michigan Radio in DJC, DWSD, Michigan RadioDetroit Exit Financing Bonds to be Re-Sold with “A” Rating
The Standard and Poor’s agency is rating some Detroit bonds as investment grade, specifically the $245 million in exit...
By Sandra Svoboda in Bond Markets, FeatureFirst post-bankruptcy bond rating expected this week for Detroit
Detroit city officials are waiting for rating agencies to determine essentially how much it will cost to borrow $245...
By Sandra Svoboda in Bond MarketsDoes the Great Lakes Water Authority Need State Approval?
One state legislator says the process of creating a regional authority to manage southeast Michigan’s water needs to start...
By Michigan Radio in DWSDOn Michigan Radio: Water deal reached…but not all problems solved
It's official: Detroit and the suburbs have struck a water deal. Leaders voted to let Detroit lease its massive,...
By Michigan Radio in DWSD, Michigan RadioMacomb County Exec: New Water Authority Will Cost Region Millions in Rate Hikes.
The new Great Lakes Water Authority is leasing Detroit’s pipeline system which provides water to most of southeastern Michigan....
By Sandra Svoboda in DWSDDetroit, Suburbs Formally Approve New Regional Water Authority
After decades of acrimony, Detroit and suburban officials have formally agreed to create a regional water authority. The memo...
By Sandra Svoboda in DWSDOrr Opines: Former EM urges finalization of water deal
Writing in The Detroit News, Detroit’s former emergency manager, Kevyn Orr, is heralding the mediation process used in the...
By Sandra Svoboda in Bankruptcy Court, DWSD, Kevyn OrrWhat’s Happening with the Water Deal?
The chief mediator in Detroit’s bankruptcy case says he’s hoping that the city of Detroit and counties of Wayne,...
Ford Foundation Returns to Hometown…at least for one meeting
With $125 million in the "grand bargain," the Ford Foundation has an investment in the city. Now, for the...
Bankruptcy’s Big Three: Two judges and a (former) emergency manager walk into a lunch…
Emergency Manager Kevyn Orr, Bankruptcy Judge Steven Rhodes and Chief U.S. District Judge Gerald Rosen appeared together to receive...
By Sandra Svoboda in Bankruptcy Court, DIA, Feature, Kevyn Orr, WDET