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Kevyn Orr

Fixing Public Pensions: The First Step in Detroit's Long Road to Recovery

Bob Williams | Posted 07.16.2014 | Detroit
Bob Williams

Orr gets it. He went after pension debt, the city's biggest foe, and is now winning that fight. Simply put, his continued focus on pension reform is the solution that Detroit needs. With that said, Detroit still faces a long, up-hill climb.

A 50 Percent Increase in Parking Fines? Crazy Detroit

Toby Barlow | Posted 06.17.2014 | Detroit
Toby Barlow

Parking is not a profit engine. It is a service that should help local retailers, restaurants, and other businesses. It's a way to cycle traffic through and keep neighborhoods moving.

The Real Story Behind the Detroit Pension Fight and What it Means to America's Future

Lynn Parramore | Posted 05.12.2014 | Politics
Lynn Parramore

Detroit is a city being looted and stripped bare. If we decide that those who are weak and vulnerable will be sacrificed to protect the wealthy and the powerful, then no one is safe.

Here's How Detroit's Plan To Restructure Its Debt Will Affect Residents

AP | By The Associated Press | Posted 04.24.2014 | Business

DETROIT (AP) — Detroit's emergency manager, Kevyn Orr, filed a plan Friday for restructuring the city's $18 billion debt as it begins to emerge from...

Detroit Files Plan To Emerge From Bankruptcy

AP | Posted 02.21.2014 | Business

DETROIT (AP) — Detroit's emergency manager filed a plan Friday to restructure the city's $18 billion debt by making cuts to pensions and creditors w...

Pensioners Win and Banks Lose a Round in the Detroit Bankruptcy

Wallace Turbeville | Posted 03.23.2014 | Detroit
Wallace Turbeville

Why did Detroit emergency manager Kevyn Orr rush through a settlement that even the bankruptcy court found to be fundamentally out of balance while simultaneously pounding away at the public employee pensions?

Detroit's Bankruptcy Filing: Not With a Bang, But With a Thud

John Patrick Leary | Posted 03.17.2014 | Detroit
John Patrick Leary

When a federal bankruptcy judge ruled that municipal pensions are vulnerable under federal bankruptcy law, no one was surprised. Little about life in 21st-century America prepares anyone to expect a judge to stand up for public pensions.

Judge Challenges Bankrupt Detroit's Secretive Deal With Banks

The Huffington Post | Ashley Woods | Posted 01.23.2014 | Business

The federal judge overseeing Detroit's historic bankruptcy abruptly halted a trial Wednesday, ordering the city to renegotiate a proposed settlement w...

Michigan's Takeover of Detroit Exposes Strains Over Control

stateline | Stephen C. Fehr | Posted 01.23.2014 | Politics

This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily repo...

Kevyn Orr Isn't Off The Hook Yet

AP | ED WHITE | Posted 12.29.2013 | Detroit

DETROIT — DETROIT (AP) — Detroit's emergency manager faced tough cross-examination Tuesday from lawyers for unions and retirees as he defended...

Detroit EM: Bankruptcy Was 'Unavoidable'

AP | JEFF KAROUB | Posted 10.28.2013 | Business

DETROIT -- DETROIT (AP) — Detroit's emergency manager testified Monday that he had thought as late as June that a bankruptcy filing could be avoided...

Orr Denies Bankruptcy Allegation In Court

AP | JEFF KAROUB | Posted 10.26.2013 | Detroit

DETROIT -- DETROIT (AP) — Detroit's emergency manager testified Friday that he did not promise to seek bankruptcy protection for the city as a condi...

Detroit Takes Out Another Loan

AP | Posted 12.12.2013 | Detroit

DETROIT — DETROIT (AP) — Detroit's state-appointed emergency manager says a $350 million loan has been secured to help the city pay its way ou...

Taking the Wheels Off the Motor City

Michael Rose | Posted 01.23.2014 | Politics
Michael Rose

Sadly, Governor Snyder's bankruptcy plan seems more about weakening unions and protecting corporate subsidies and tax breaks than it does about shoring up Motown for the long haul.

No Pensions For New Hires?!

AP | COREY WILLIAMS | Posted 09.27.2013 | Detroit

DETROIT -- Hoping to stanch some of the red ink flowing from Detroit, its emergency manager is riling the workforce with a proposal to close the city'...

The Real Danger Of Detroit's Abandoned Buildings

The Huffington Post | Kate Abbey-Lambertz | Posted 09.16.2013 | Business

Detroit is now undergoing an official "blight emergency," according to an order signed by the city's emergency manager last month. One-fifth of the ci...

On Defending the DIA: A Reply to Roberta Smith

John Patrick Leary | Posted 11.12.2013 | Detroit
John Patrick Leary

Will the Detroit Institute of Arts' art collection really be privatized to pay the city's debts, or is the whole thing just a political gambit?

Detroit Says Bankruptcy Court Is Only Option

AP | By COREY WILLIAMS | Posted 11.07.2013 | Detroit

DETROIT (AP) — Detroit's huge debt, lack of cash to provide residents with some basic services, and the army of creditors demanding money are among ...

How Best To Spend The Detroit Institute of Arts' 15 Minutes of Fame

Michael G. Bennett | Posted 10.23.2013 | Detroit
Michael G. Bennett

What could be more fitting than to use the DIA's collection to save the collection, to help save Detroit and to put politicians on notice that art matters?

Broke Detroit Lost $1 Million In A DRAWER

The Huffington Post | Kate Abbey-Lambertz | Posted 08.11.2013 | Detroit

Detroit, which filed for bankruptcy last month and has long-term debts estimated over $18 billion, needs every penny it can get. That's why a report t...

Detroit Must Grow Up and Liquidate Assets

Steve Siebold | Posted 10.08.2013 | Politics
Steve Siebold

The message we're sending other cities as well as our own citizens is it's OK to mismanage all of your money because the government will come riding in on the white horse to save you.

Christie's Appraisal Will Determine Fate Of Detroit Art

Reuters | Posted 10.08.2013 | Detroit

By Joseph Lichterman DETROIT, Aug 7 (Reuters) - Detroit is sorting through the Detroit Institute of Arts' collection to see what it co...

Could Detroit Have A Clean Balance Sheet In 14 Months?

Reuters | Posted 10.08.2013 | Detroit

By Nick Carey DETROIT, Aug 7 (Reuters) - Detroit's emergency manager voiced confidence on Wednesday that the city coul...

Detroit Creditors Want Debt Restructured, But Not Kevyn Orr

Reuters | Posted 10.08.2013 | Detroit

* Restructuring proposed for unlimited tax GO bonds-source * Debt overhaul to provide more liquidity to the city-source ...

A Little Good News For Bankrupt Detroit

Reuters | Posted 10.07.2013 | Detroit

(Corrects day of week to Wednesday, not Tuesday) DETROIT, Aug 7 (Reuters) - Detroit's state-appointed emergency manager said on Wednes...