Detroit councilman: Increased parking fines an ‘anti-growth strategy’

April 21, 2014
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Detroit councilman: Increased parking fines an ‘anti-growth strategy’

  There’s at least one city councilmember who’s less than pleased with Detroit Emergency Manager Kevyn Orr’s plan to increase all parking violation fines. Councilman Gabe Leland, whose district represents the city’s west side, issued a statement today, calling Orr’s plan a potential “deterrent” to attracting people to the city. I don’t believe the argument...
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The Ypsilanti mystery pooper saga continues

April 18, 2014
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The Ypsilanti mystery pooper saga continues

Ypsilanti police are still searching for the person dubbed the “mystery pooper.” Someone has been, as the Associated Press politely puts it today, “soiling slides at an Ypislanti playground over the last six months.” So, of course, someone purchased an electronic billboard along I-94 near Huron St. at exit 183 that delivers multiple calls for action:...
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Here is why landlords could do well in Wayne County

April 17, 2014
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Here is why landlords could do well in Wayne County

CNN has a message to all prospective landlords: Head to Wayne County! Occupancy and rental rates are increasing, the report says, creating an opportunity for serious returns on investments. In fact, after comparing the median sales price of homes to average monthly rents in nearly 1,600 counties, RealtyTrac found that Detroit’s Wayne County offers...
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Detroit’s grand bargain still needs Lansing’s approval

April 16, 2014
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Detroit’s grand bargain still needs Lansing’s approval

In this week’s Metro Times we took a look at the state legislature’s role in Detroit’s ongoing bankruptcy — in particular, how it must approve a $350 million pledge for the so-called “grand bargain” to remain intact. And, with last night’s announcement of a significant deal between the city and Detroit’s pension boards and retiree groups,...
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Detroit launches website to auction city-owned homes

April 14, 2014
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Detroit launches website to auction city-owned homes

“Neighbors wanted.” That’s the message on the homepage of buildingdetroit.org, a new website launched by the City of Detroit today to auction off city-owned homes to prospective buyers who pledge to fix them up and move in. “We are moving aggressively to take these abandoned homes and get families living in them again,” Mayor Mike...
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This is what life was like when the Red Wings last missed the playoffs

April 11, 2014
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This is what life was like when the Red Wings last missed the playoffs

It lives! It’s been awhile since the Detroit Red Wings missed the playoffs; the team clinched its 23rd consecutive playoff berth this week, the longest such streak in professional sports. And, as you can expect, life was exceptionally different back in 1990. Sports Illustrated’s Extra Mustard blog offers a rundown today on what was...
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Judge signs off on Detroit’s $85 million swaps settlement

April 11, 2014
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Judge signs off on Detroit’s $85 million swaps settlement

The judge overseeing Detroit’s historic bankruptcy has signed off on an $85 million settlement involving two banks tied to a horrendously complex financial deal to shore up the city’s pension systems. U.S. Bankruptcy Judge Steven Rhodes previously rejected two offers involving Bank of America and UBS, an international bank based in Switzerland with affiliates...
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Retiree Tales, Vol. Two: ‘The governor fooled us again’

April 9, 2014
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Retiree Tales, Vol. Two: ‘The governor fooled us again’

  Detroit continues to work its way through bankruptcy court. Detroit Emergency Manager Kevyn Orr’s currently proposed debt-shedding plan could slash police and fire employees monthly pension checks by 15 percent, while general employees could see a 26 percent cut, unless they reject the plan, which then could see that figure rise as high...
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Former-Goldman Sachs VP: Detroit bankruptcy didn’t need to happen

April 8, 2014
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Former-Goldman Sachs VP: Detroit bankruptcy didn’t need to happen

We dropped by Wayne State University’s law school this morning to hear former Wallace Turbeville,  former Goldman Sachs vice president and current senior fellow at Demos, highlight a report he published on Detroit’s bankruptcy last fall. In case you haven’t read it, Turbeville’s findings don’t exactly mesh with Detroit Emergency Manager Kevyn Orr’s analysis...
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Expired parking meter fines in Detroit would jump to $45 under emergency manager proposal

April 7, 2014
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Expired parking meter fines in Detroit would jump to $45 under emergency manager proposal

Parking scofflaws beware: All fines for parking violations will increase under a proposal from Detroit Emergency Manager Kevyn Orr, effectively squashing the practice of settling for an expired meter ticket instead of a parking lot. (We consider ourselves well-versed in the field.) The move follows a suggestion Orr made in his 440-page Disclosure Statement,...
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