Items Tagged with 'emergency manager'

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DETROIT — A bankruptcy expert who represented Chrysler during its successful restructuring has been chosen to steer Detroit out of the financial abyss that has swallowed the distressed city, which was once one of the nation's most prosperous. Read More

Michigan's governor said Friday that unless Detroit's fortunes suddenly and miraculously improve, he will appoint an emergency manager to take control of the city that was once one of the nation's most prosperous manufacturing centers. Read More

LANSING — Gov. Rick Snyder put a new emergency-manager law on the books in Michigan on Thursday, weeks after voters repealed a version that gave sweeping powers to a single person to overhaul financially distressed communities. The new law will give local governments and ailing school districts the opportunity to choose their own remedy. Read More