In Detroit, Scales of Finance and Fairness Have Tipped Over
On July 18, 2013 Kevyn Orr, Detroit’s emergency manager, acted on the remarkably broad authorities afforded him by an eight-month-old state law and filed a petition to launch the largest municipal bankruptcy in U.S. history. Orr’s intent, he said, was to reduce the beleaguered city’s operating costs, reduce the cost of servicing the city’s debt, and set Detroit on a fresh course to redevelopment and prosperity. During a news conference that evening, Detroit’s elected one-term …