Michigan municipalities are facing difficulties in bond markets since the City of Detroit filed its Chapter 9 bankruptcy, reports MiBiz. For years, municipal bonds have been a shelter for investors that thought them to be safe bets. Unfortunately for the bond holders, that is not always the case, as seen with the City of Detroit. […]
Detroit Bankruptcy News: Unions Motion for Michigan Governor to be Deposed inDetroit Bankruptcy, State Files Response Contesting Motion
City of Detroit worker and retiree unions have filed a motion in the Bankruptcy Court for the Eastern District of Michigan seeking to have Michigan Governor Rick Snyder deposed in the City of Detroit’s Chapter 9 bankruptcy filing. The State of Michigan has filed a response to the motion, seeking the bankruptcy court to rule […]
Southfield International Festival Returns
The City of Southfield’s International Festival will take place on October 4-6. They offer free parking and $3 admission per person, or $5 per family. The festival is an inexpensive alternative to most festivals and offers children varying cultural shows. The city of Southfield, in partnership with the International Institute of Metropolitan Detroit, Inc., will […]
Detroit Bankruptcy News: Govenor Moves Forward with Stadium as City in Bankruptcy
Bloomberg has a story today about the new Detroit Red Wings stadium. As the City of Detroit moves through bankruptcy, City and State leaders plan to push forward a plan that allocates public funds to subsidize hockey in the Metropolitan Detroit area. At the 1997 groundbreaking for a 40,000-seat ballpark for Major League Baseball’s Detroit […]
Detroit Bankruptcy News: Detroit Emergency Manager to Give Testimony in Deposition
The Detroit News is reporting that Kevyn Orr will give testimony today in a deposition for the City of Detroit’s Chapter 9 bankruptcy filing. Emergency Manager Kevyn Orr is giving a deposition Friday morning before attorneys representing a New York-based insurer of Detroit’s pension bond debt and others tied to the city’s historic Chapter 9 […]
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