What Michigan and Suburbanites Owe Detroit
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Dec. 4 (Bloomberg) -- In his decision finding Detroiteligible for municipal bankruptcy this week, U.S. BankruptcyJudge Steven Rhodes wrote: “The city no longer has theresources to provide its citizens with basic services. WasDetroit’s bankruptcy a foregone conclusion? Of course it was.”
But absent from the decision was any discussion of the roleof Detroit’s revenue or of how critical it would be to anysustainable post-bankruptcy comeback -- or of how the stateshould and could contribute to a meaningful recovery.