Four months ago, the city of Detroit turned the page on a difficult chapter of its long and storied history. Last December, Detroit emerged from the nation’s largest-ever municipal bankruptcy. The so-called “grand bargain” that sealed the deal cut $7-billion of the city’s debt and injected millions of dollars to reduce pension cuts for city retirees.
Current State speaks with the man at the center of that process, Kevyn Orr. He served 21 months as Detroit’s state-appointed emergency manager. He’s in Lansing today to speak to members of the Lansing Regional Chamber.