New hopes and old woes as Detroit exits bankruptcy
Work is in progress to restore the US city, but problems like crimes and a reduced population remain
Mon, Jan 05, 2015 - 5:50 AM
Enjoying a bit of fun at Campus Martius Park in Detroit, Michigan. The city is hoping that outsiders see its potential, after it shed almost US$7 billion of its roughly US$18 billion debt following the largest municipal bankruptcy in US history.
AFTER the largest municipal bankruptcy in US history, Detroit hopes outsiders see its potential and not its history of racial conflict, financial crisis and dramatic population loss.
The city, founded as a small French fort on the Detroit River that grew to be a hub of the...