After bankruptcy, few options for Detroit to grow revenue. Slash costs, fix the balance sheet and take money that was once tied to debts and spend it on police, fire and other city services.
That's the premise of Detroit's bankruptcy: short-term pain for long-term benefit, and cuts for Detroit's creditors, but better outcomes for residents. But of the $1.7 billion that Detroit's post-bankruptcy plan is expected to generate, only about $900 million comes from restructuring the city's debts.
About $483 million comes from projected new revenues, $358 million from cost savings. "We don't have $1.7 billion in the bank," said former Detroit emergency manager Kevyn Orr, who led the city through bankruptcy. "We think we've made our estimates reasonable. " Simple enough on paper, but in reality? The Michigan Daily. In the last 20 years, the population of Detroit has shrunk dramatically, causing concern among many cities about gentrification, which is the process by which higher income individuals occupy low-income urban areas, raising prices forcing residents to leave their homes and relocate.
Wednesday night at Weill Hall, a panel of urban planning experts and a city official discussed the definition of gentrification and the effects it has on Detroit. Detroit's Abandoned Building Problem Is An Actual 'Blight Emergency,' Says City Manager. Detroit is now undergoing an official “blight emergency,” according to an order signed by the city’s emergency manager last month.
One-fifth of the city’s housing stock, approximately 78,000 homes, are vacant. If emergency sounds too strong, consider the case of Bill Wade, a 61-year-old Detroiter with multiple sclerosis who is paralyzed from the waist down. When he talked to WXYZ-TV, Wade said he lives in fear that the structure will go up in flames and set his house on fire. “I worry about that house [next door] because if I’m not here and I’m running an errand and that house goes up [in flames], he’s stuck,” Wade’s wife Linda explained to the local news station. According to Reuters, 60 percent of the city’s annual 12,000 fires involve blighted and abandoned buildings. Empty since 2005, the house next to Wade’s has been hit by scrappers, and is now a home for rodents and small wild animals, WXYZ reports. For many young women, blight can represent a different kind of danger.
Getty Images. Detroit's population loss slows; some suburbs see gains. Detroit continues to lose residents, but the population loss appears to be slowing, with about 1% moving out between 2013 and 2014, according to estimates released today by the U.S.
Census Bureau. In the tri-county area, the Oakland County suburbs of Lyon and Oakland townships and Sylvan Lake, as well as Macomb and Washington townships in Macomb County grew the fastest, according to the estimates. The census makes the estimates annually based on a review of birth and death records, as well as migration. Demographer Kurt Metzger said Detroit's population loss appears to be easing.
"It continues to average about 1% loss per year," said Metzger, now mayor of Pleasant Ridge. Detroit, suburbs reach water deal. It's official: Detroit and the suburbs have struck a water deal.
Detroit Has a Spending Problem. America needs to learn from the destruction of Detroit.
It is a lesson in how people can stubbornly stick to political dogmas—even as financial collapse destroys everything around them that they love. The Abandoned City of Detroit - Photography: Zach Fein. The study of abandonment must convene upon Detroit at one point or another.
No other city in the United States has undergone such a dramatic level of population decline, abandonment, and urban decay over the past few decades. Detroit to get $21 million more for blight demolition. WASHINGTON — The City of Detroit stands to receive an additional $21.25 million in demolition money from the federal government under a proposal authorized by the Obama administration and approved Wednesday by a state housing board.
The money will be enough to take down nearly 1,300 blighted structures if recent averages hold. The Free Press was the first to report that U.S. Treasury officials had signed off on allowing the Michigan State Housing Development Authority to move another $32.7 million of a $498-million award made in 2010 under the Hardest Hit Fund to its demolition account with the lion’s share — roughly two-thirds of the total — going to Detroit and the rest to Flint.
Nowhere in the nation has that argument been used more than in Detroit, which had already received or been promised up to $107 million in reimbursements from the fund for tearing down abandoned, decrepit structures. “This program has always been about allowing the states to determine where their needs are. Detroit’s white population rises. Whose Neighborhood Is It? Photo On June 25, 1974, suburban residents of Detroit won their four-year battle to overturn court-ordered busing of black city students across county lines into their schools.
In a key 5-4 Supreme Court decision, Milliken v. Bradley, Chief Justice Warren Burger declared that 41 white suburban governments had not committed “significant violations” of the Constitution. Burger wrote: No single tradition in public education is more deeply rooted than local control over the operation of public schools; local autonomy has long been thought essential both to the maintenance of community concern and support for public schools and to quality of the educational process. Coleman A. Young, 79, Mayor of Detroit And Political Symbol for Blacks, Is Dead. Coleman A.
Young, the combative, tart-tongued former union organizer who became the first black Mayor of Detroit when he was elected in 1973 and then went on to run the city for a record 20 years, died on Saturday at Sinai Hospital in Detroit. He was 79. The cause was respiratory failure, officials said. A popular and streetwise politician, Mr. Young became a hero to black voters who saw his victory as a sign of their growing power in local government, especially in cities in need of healing after race riots in the previous decade.
Detroit population drops again but loss is slowing. American households are making more money today than they did three decades ago—in some places, a lot more. In order to find out which places have seen the greatest increase in household income, we turned to the National Historical Geographic Information System (NHGIS), which uses historical reports from the decennial Census and the American Community Survey to track median income over time. Detroit's population loss slows; some suburbs see gains.