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Deal Might Be The Key to Save Detroithttp://www.npr.org/2012/04/06/150129157/deal-might-be-the-key-to-save-detroitBlotting-Not Squatting-In Detroit Neighborhoodshttp://www.npr.org/2011/12/05/142341520/blotting-not-squatting-in-detroit-neighborhoodsDetroit right to accept agreementhttp://www.thetimesherald.com/article/20120410/OPINION01/304100010DSO outlook upbeat, but funding worries persisthttp://www.detroitnews.com/article/20120410/ENT01/204100358/DSO-outlook-upbeat--but-funding-worries-persistDetroit Can't Waithttp://www.michigan.gov/detroitcantwaitThe city of Detroit has faced a wide range of troubles over the past several decades, including significant population losses, a declining tax base, and the economic restructuring and reconfiguration of its primary industry, automobile manufacturing. This past week, Mayor Dave Bing signed an agreement with Governor Rick Snyder that will prevent the city from having to declare bankruptcy, which seemed like a solution that was in the best interest of many stakeholders, including residents of the Motor City. The city currently holds long-term debt that is close to $12 billion, and the hope is that this cooperative agreement will address the city's long-term fiscal problems. As part of his commitment to the process, Governor Snyder launched a website ("Detroit Can't Wait") that states that "in the short term the streetlights are on at night and the trash is picked up." The city will also have to review long-term contracts and agreements with a number of its unionized employees, which may also be a difficult and involved process. The city can ill afford to wait to move forward, as without new loans Detroit will run out of cash in mid-May.The first link leads to a piece from last week's The Economist which talks about Detroit's recent financial woes. The second link will take visitors to a good report on the recent deal between the city and the state government filed by NPR as part of their "Tell Me More" series. The third link will whisk users away to a piece on "blotting" in Detroit. As the NPR feature describes it, "blotting" is the process by which some Detroit residents are annexing vacant lots around their own property and making use of this otherwise abandoned land. The fourth link leads to an editorial from this Monday's Port Huron Times Herald on this recent decision that notes that "the troubled city [Detroit] truly has embarked on the long road to right itself." Moving along, the fifth link leads to a piece from this Tuesday's Detroit News about the financial situation of the world-famous Detroit Symphony Orchestra. The last link will take interested parties to the website created by Governor Snyder to inform Michigan residents and members of the public about the ongoing situation in Detroit regarding the city's financial health.
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