Detroit Michigan

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 …

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 …

More politicians are bringing attention to themselves regarding the City of Detroit’s bankruptcy filing – this time from Congressman John Conyers. Interestingly enough, Conyers wife, Monica Conyers, was a Detroit City Council member. In 2009, Mrs. Conyers pleaded guilty to federal bribery charges. She served 27 months in jail. It is a shame that the …

From Reuters, the Bankruptcy Court has set the date for initial oral arguments on Detroit’s eligibility under the bankruptcy code. The date set is much sooner than originally anticipated. Judge Steven Rhodes ordered late Monday that initial oral arguments in the case begin on September 18, well ahead of the October 23 date he originally …

The Detroit News is reporting that Judge Steven Rhodes, the bankruptcy judge assigned to the City of Detroit’s Chapter 9 filing, has ruled that objections regarding pension obligations must be decided after a ruling is made on Detroit’s eligibility for bankruptcy protection. A federal judge on Monday delayed hearing objections to Detroit’s bankruptcy case based …