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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 Detroit News reported that more than half of Detroit property owners did not pay taxes in 2012, at a loss to the city of $131 million (equal to 12% of the city's general fund budget). The first comprehensive analysis of the city's tens of thousands of abandoned and dilapidated buildings took place in the spring of 2014.
This created many more jobs for African Americans in the city of Detroit as a lot of working men went off to war. 1918 1918 influenza epidemic. WW1 ends; 1919 - Orchestra Hall opens. 1920: Detroit becomes the 4th largest city in America; 1920s: All throughout the 1920s, patterns arose of whites beginning to define black neighborhoods by race.
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 (/ d ɪ ˈ t r ɔɪ t / ⓘ dih-TROYT, locally also / ˈ d iː t r ɔɪ t / DEE-troyt) [8] is the most populous city in the U.S. state of Michigan. It is the largest U.S. city on the Canadian border and the county seat of Wayne County. Detroit had a population of 639,111 at the 2020 census, [9] making it the 26th-most populous city in ...
Partly because Ford was the biggest of big names in Detroit, and partly because city leaders were desperate to stem a decline that dated at least from the 1950s.. But there’s even more to it.
Video showed a collapse of the Temple Bar in Detroit Friday, with caution tape blocking off the historic dive bar. Detroit's historic Temple Bar, founded in 1927, closed indefinitely after partial ...
The sale of the Silverdome, completed in 1975 at a cost of $55.7 million (approx. $225 million in 2012 dollars) and sold in 2009 for $583,000, was viewed by many as a symbol of the collapse of real estate prices in the Detroit metropolitan area though many local leaders and residents claimed the sale was brought about due to the incompetence of ...