© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Nominee: Detroit Fix 'Olympics Of Restructuring'

clickondetroit.com

The governor's nominee to become Detroit's emergency financial manager says the job is the "Olympics of restructuring" but he feels compelled to take it on.

Michigan Governor Rick Snyder announced Thursday that he's recommending that a state panel name bankruptcy expert Kevyn Orr to the job of restructuring Detroit's finances and bringing its budget back into balance.

A state panel is expected to consider the nomination Thursday afternoon.Orr says Detroit is a "storied American city" that can "rise from the ashes."

Orr says he's met with Detroit Mayor Dave Bing and says the city's elected leader is "willing to be part of the solution."

He says he hopes the City Council also will work with him.

Orr represented the automaker Chrysler during its successful restructuring.

Related Content
Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!