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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 ...
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.
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 ...
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.
On Saturday 19 November 1949 a Douglas C-47A-90DL (DC-3) operated by Meteor Air Transport NC54337 crashed into a house on Detroit’s east side while on a (second attempt) landing approach to Detroit City Airport. Both pilots and one occupant of the house were killed.
With at least 70,000 abandoned buildings, 31,000 empty houses, and 90,000 vacant lots, Detroit has become notorious for its urban blight. In 2010, Mayor Bing proposed a plan to bulldoze one-fourth of the city. Detroit is a metropolis that sprawls 139 square miles. In comparison, Manhattan is just over 22 square miles.