The city will stop providing health insurance to retirees beginning March 1.
As of today, Belle Isle is officially a state park. The state will run the park as part of a 30-year lease from the city of Detroit.
The plan has been touted as the blueprint for Detroit’s future and key in the city’s sojourn through the largest municipal bankruptcy in U.S. history.
The city of Detroit and its retirees were able to reach an agreement over health care benefits Friday …
“Our focus has been to help Detroit regain a strong economic footing,” said Kevyn Orr.
“It’s important to note that the DIA is not in bankruptcy, in fact it is functioning extraordinarily well.”
The W.K. Kellogg Foundation is giving $40 million to prevent the sale of Detroit art and help city retirees.
“This is a settlement. This is not a bailout, and I want to be very, very clear about that,” the governor said.
Orr had promised a plan by January, but negotiations between Detroit and creditors have changed the timetable.
“People would be most understanding if we’re talking about protecting pensioners vs. bailing out a city. And I think that’s what our conversation is mostly going to be about.”