A small enclave of Detroit is considering municipal bankruptcy to help rid itself of a decades-old water debt that has grown to about $20 million and threatens to swamp the already financially struggling city.
A small Detroit enclave is considering municipal bankruptcy to help rid itself of a water debt that has grown to about $20 million and threatens to swamp the already financially struggling city A small Detroit enclave is considering municipal bankruptcy to help rid itself of a water debt that has grown to about $20 million and threatens to swamp the already financially struggling city
Over 50,000 people lived there in 1930. Homes — elegant and spacious — rivaled some of those built in Detroit. The city is just under 3 square miles and is a shell of its auto baron past, when manufacturing boomed and money flowed. Fewer than 9,000 now call it home. The auto companies are long gone, leaving strip malls and retail shops to bolster the city’s dwindling business tax base.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's what the progress of the $20 billion Intel project in New Albany looks likeIntel says work on its $20 billion project in New Albany has hit an important milestone as teams begin to pour concrete at the site.
Read more »
Star Wars Jedi: Survivor is almost $20 off thanks to Epic’s latest Mega salePlayStation owners need not apply.
Read more »
650-Foot Freighter Hauling Salt Gets Stuck in Sand Near Detroit Island Park ShoreAn enormous freighter packed with salt got a little too close to the shore in the Detroit River on Wednesday.
Read more »
Man, 63, cut by knife when suspect jumps into vehicle in attempted robberyThe attempted robbery occurred in Akron's Highland Square neighborhood, police say.
Read more »
Detroit enclave built on auto industry struggles under $20M water debtA small enclave of Detroit is considering municipal bankruptcy to help rid itself of a decades-old water debt that has grown to about $20 million and threatens to swamp the already financially struggling city
Read more »
ServiceNow and Nvidia team up on generative AIServiceNow announced its first-ever share-repurchase program of up to $1.5 billion Tuesday, and CEO Bill McDermott predicted a "$20 billion-plus company...
Read more »