Nov 9, 2014 10:39 AM by News Staff
DETROIT (AP) - The largest U.S. city to endure bankruptcy has exited insolvency $7 billion lighter in debt and with hopes of improving itself.
Detroit's long-term fiscal recovery plan was approved Friday by a bankruptcy judge and calls for $1.7 billion to remove blight and fix city services over the next 10 years.
The city will spend $420 million to raze vacant houses and clear lots; $167 million for new police, fire and EMS vehicles; and $715 million to hire and train workers and for other general upgrades.
Bishop White hopes to soon see the benefit of it trickle down to his neighborhood.
The 67-year-old lives in one of only four occupied houses on his west side block and says if the money is "going to better everything," he's for the plan.
Copyright 2014 The Associated Press. All rights reserved.
2 days ago