Wednesday, July 03, 2013

The Detroit Bus Tour: Kevyn Orr to show creditors just how staggering Detroit's challenges are

The Detroit Free Press reports:
Detroit emergency manager Kevyn Orr, locked in a tense standoff with creditors whom he has asked to accept a fraction of the $11.4 billion they’re owed, will load a group of about 25 bankers on a city bus next Wednesday, and lead them on a tour of some of Detroit’s most desperately blighted areas. They’ll start downtown at Grand River Avenue, and travel out to Brightmoor, where hundreds of abandoned homes and businesses populate gap-toothed blocks that used to teem with residential and commercial activity. Then the tour might also cut across Seven Mile to the east side, and come back down Gratiot, a hollowed thoroughfare that runs through the 48205 ZIP code, which led the city in shootings and homicides in 2011. The idea? To prick the consciences of the city’s creditors, and raise some empathy capital with them in hopes that they’ll avoid forcing Detroit into bankruptcy.
The great moments of Blue America.