- Detroit Bankruptcy Ruling Good News For Muni Bonds, Insurers
The news that Detroit can proceed with its reorganization in federal court is a win for municipal bondholders and the companies that insure them, an analyst tells me. And while some believe it will encourage other cities to follow suit to restructure their pension obligations, Mark Palmer of BTIG Research says that's unlikely given the strict provisions of the municipal bankruptcy law.
- New Detroit City Council members get oriented
A three-day orientation for Detroit's new City Council is under way on the campus of Wayne State University.
- Detroit's new wave brings energy to city
Brigid Beaubien and her husband were so impressed with Detroit's new upbeat vibe they moved from Dearborn to a Midtown condo.
- Detroit Judge Delays Lighting Proposal Over Law Firm
Detroit’s bankruptcy judge put off ruling on a proposal to spend as much as $12.5 million annually on street lighting until a law firm explains why it represents both the city and a public lighting district the city created.
- Judge approves plan to fix Detroit street lights
The U.S. judge managing Detroit's bankruptcy on Friday gave the city the go-ahead to move forward with a financing plan to mend broken street lights. Judge Steven Rhodes put off a decision on the matter last week after he was made aware of a potential conflict of interest centered around law firm Miller Canfield, which represents Detroit on certain bankruptcy matters as well as the Public ...