The city of Detroit filed the largest municipal bankruptcy case in U.S. history Thursday afternoon, culminating a decades-long slide that transformed the nation’s iconic industrial town into a model of urban decline crippled by population loss, a dwindling tax base and financial problems.
The 16-page petition was filed in U.S. Bankruptcy Court in Detroit.
Gov. Rick Snyder’s office was making plans this afternoon to hold a 10 a.m. Friday morning news conference at the Maccabees Building, 5057 Woodward in Midtown, according to his office. It’s the same location where the governor declared a financial emergency for Detroit on March 1.
Snyder authorized Emergency Manager Kevyn Orr to file bankruptcy under a law the Legislature passed in December that replaced the previous emergency manager law voted repealed last November.
1962-1970 Jerome Cavanagh
1970-1974 Roman Gribbs
1974-1993 Coleman Young
1993-2001 Dennis Archer
2002-2008 Kwame Kilpatrick
2008-2009 Kenneth Cockrel, Jr.
2009-present Dave Bing
All Democrats since 1962. Furthermore, here hasn’t been a Republican on the city council for decades as well. This entire mess lies at their feet.