Bailing on Detroit

I’m reblogging since I have a soft spot for Detroit… I think it is more than worth mentioning that the city has lost more than 50 percent of its 1950 population. While there is undoubtedly much corruption, the sheer loss of tax dollars from property tax to fund city infrastructure and pensions is simply not there. It is, as they say, a Wicked Problem.

cities@manchester

Jamie Peck, Department of Geograpy, UBC and Honorary Professor at SEED, University of Manchester, continues his analysis of the on-going restructuring of Detroit and its wider significance for the future of US cities.

Detroit is about to enter a new phase, in its protracted state of financial emergency.  The city’s Emergency Manager, Kevyn Orr—who was appointed by Michigan’s Republican Governor in March 2013, following the breakdown of a so-called “consent agreement” with the state, en route to a long-anticipated declaration of municipal bankruptcy—will soon publish his “plan of adjustment.”  This will spell out the details of what will be tantamount to a court-administered structural adjustment of Detroit, implemented by an unelected financial technocrat whose far-reaching powers trump practically all of those of the city’s elected officials, including the Mayor.  It will set the Motor City on a new path, doubtless based on some inventive (but at the same time…

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