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Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
The air show is a free event showcasing daredevil pilots, parachute teams, and formation jet flyers, as well as water-skiing and boat-jumping demonstrations. With its proximity to city beaches and skyline, the show is visible from almost anywhere along the Chicago lakefront. The show features both civilian and military pilots, and flight teams ...
On July 18, 2013, the restructuring expert did just that, making Detroit the largest city in the U.S. to file for bankruptcy. “Bankruptcy is a miserable process," Orr, 65, told The Associated ...
By the time Detroit declared bankruptcy at 4:06 p.m. on July 18, 2013, Detroit had accumulated $18 billion in debt and city retirees' pension funds were underfunded by $3.5 billion. The number of ...
Detroit auto show begins. Area of city: 41 square miles. 1909 - Ford Building constructed. 1911: Chevrolet opens its first factory in Detroit. This was significant in the birth of Detroit as the center of the American automobile industry, something that became huge in the city's economy and overall identity. 1912 Navin Field (baseball park) opens.
In 2013, Detroit had some 21,000 retired workers who were owed benefits, with underfunded obligations of about $3.5 billion for pensions and $5.7 billion for retiree health coverage.
An air show (or airshow, air fair, air tattoo) is a public event where aircraft are exhibited. They often include aerobatics demonstrations, without they are called "static air shows" with aircraft parked on the ground. The largest air show measured by number of exhibitors and size of exhibit space is Le Bourget, followed by Farnborough, with ...
The Second City Detroit was a comedy theater and training center in Novi, Michigan. It was the Second City's third mainstage location in North America following the Second City Chicago and Toronto. [42] Originally established in September 1993 in downtown Detroit, [42] it relocated to a strip mall in Novi in 2005.