Billionaire Rescues Michigan City With Cash to End Fiscal Plight

  • Kalamazoo turns to philanthropists for $70 million donation
  • Funds begin an endowment to cover budget, finance tax cuts

In Kalamazoo, Michigan, a city besieged by poverty and state aid cuts, Mayor Bobby Hopewell had few options left. The city had already thinned the ranks of the police force and halted work on aging infrastructure, only to keep spending millions more than it brings in.

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