Detroit Power Outage Cause Was Outdated Infrastructure

Detroit Power Outage Cause Was Outdated Infrastructure

In the frigid Michigan winter, the majority of buildings and homes need electricity in order for furnaces to produce heat. Reportedly, the temperature was only in the low 30’s at the time of a significant Detroit power outage. As a result, Detroit Public Schools were closed early and students were transported home. The outdated infrastructure of […]

Detroit Bankruptcy Plan Approved by Judge

Detroit Bankruptcy Plan Approved by Judge

Federal Judge Steven Rhodes has handed down a ruling approving the plan submitted to resolve the Chapter 9 Bankruptcy filed by Detroit, the largest bankruptcy by a municipality in United States history. This plan will allow the city to cut 74 percent of the unsecured debt held, and release cash to be used for city […]