A committee in the Michigan Senate is poised to vote on legislation to provide $195 million in state money to help bankrupt Detroit’s retirees and city workers.
An online bidding war sparked growing virtual interest — crashing a Detroit auction website.
The Detroit Institute of Arts has filed a response to objections by Detroit creditors to the Grand Bargain.
Detroit Mayor Mike Duggan says he believes it really helped out that he and city council showed a unified front in supporting the measure, approved by the Michigan House on Thursday.
Michigan lawmakers have taken an initial step toward helping bankrupt Detroit by committing $195 million in state money to protect city retirees from steep pension cuts.
“You couldn’t ask for a better time to bring these dollars in.”
The effort to torpedo a proposed settlement in the Detroit bankruptcy case could complicate chances for completing the deal, just as its prospects seemed to be improving.
Members of the public testify at a committee hearing in Lansing over Detroit’s “Grand Bargain” and the state’s possible $195-million contribution to the city’s bankruptcy plan.
Museum attorney Arthur O’Reilly said inspecting fragile art is risky.
Michigan lawmakers are considering legislation to provide state aid to help settle Detroit’s bankruptcy.