Tag Archive | "plan"

How creditors voted on Detroit’s $18 billion bankruptcy plan

Here’s a breakdown of how Detroit’s creditors voted on the city’s restructuring blueprint, called a plan of adjustment. Judge Steven Rhodes will consider the results of a vote during a massive trial to begin Aug. 14, after which he will decide whether to approve the debt-cutting plan. Full News here – freep

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VIEW VOTES: Retirees approve Plan of Adjustment

A tabulation of votes by Detroit retirees shows they overwhelmingly support the Bankruptcy Plan of Adjustment.  Full News here – Detroit | WXYZ

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Detroit Red Wings owner Mike Ilitch always wanted ‘more than a new arena’ in bold plan, official says

DETROIT, MI — It was never just about an arena. Take it from George Jackson, the now retired Detroit Economic Growth Corp. CEO and president. Jackson sat in years worth of meetings and was convinced from day one that 85-year-old Red Wings owner Mike Ilitch wanted to do more for his hometown. “What we were […]

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Detroit Red Wings arena plan could save two historic, blighted Cass Corridor 1920s hotels

DETROIT, MI — Two of the largest, most blighted structures just north of downtown Detroit could be saved as part of Red Wings owner Mike Ilitch’s $ 650 million plan for a new hockey arena and entertainment district. The Detroit Free Press reported Sunday the Hotel Eddystone and Hotel Park Avenue could “stand as visual […]

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Yahoo!, Live Nation aim to bring concerts to your couch; unclear if Detroit shows are part of plan

DETROIT, MI — Yahoo and Live Nation have created a new way to bring concerts to music fans, and the company hope it leads to profitable rewards. The New York Times reported Monday that Tuesday’s Dave Mathews Band concert in Jacksonville, Fla. is “the first in an ambitious partnership to supply free live video streams […]

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Stage set for trial on city’s exit plan

The ‘grand bargain’ is on track to become the Grand Coalition, because that’s what’s forming ahead of next month’s confirmation trial before U.S. Bankruptcy Judge Steven Rhodes. Full News here – Detroit News columnists RSS from The Detroit News

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Plan of adjustment vote heading toward approval

The voting on Detroit’s plan of adjustment is now closed and 7 Action News has learned one of the final steps in bankruptcy is heading for approval. Full News here – Detroit | WXYZ

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Crucial bankruptcy debt-cutting plan reportedly being approved by Detroit retirees

Detroit retirees appear to be approving the so-called “grand bargain” as part of a $ 7 billion debt reduction plan that is seen as crucial to the city settling its Chapter 9 bankruptcy. Full News here – Detroit News

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Last Votes Cast Over Plan to Lift Detroit From Bankruptcy

Last Votes Cast Over Plan to Lift Detroit From Bankruptcy CHICAGO — Final votes on Detroit's plan to emerge from bankruptcy this fall were submitted on Friday by its creditors, including Detroit workers and retirees, and the city is expected to file a formal tally of those votes in federal court by July 21 … […]

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Wayne plan for countywide school tax divisive

Property values and student enrollment will determine the winners and losers if Wayne County voters approve a countywide school millage hike that faces opposition from some wealthier districts. Full News here – Schools RSS from The Detroit News

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Wayne plan for countywide school tax divisive

Property values and student enrollment will determine the winners and losers if Wayne County voters approve a countywide school millage hike that faces opposition from some wealthier districts. Full News here – Metro/State News RSS from The Detroit News

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Parody Website Challenges Detroit Bankruptcy Plan

Parody Website Challenges Detroit Bankruptcy Plan That's on the front page of the KevynOrr.com website, a parody of the plans to bail Detroit out of its unprecedented bankruptcy. Anyone who has conducted any interviews with the variety of players involved with the plans to revive Detroit knows that … Full News here – Read more […]

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Pistons plan for all scenarios with Monroe

Stan Van Gundy has to do a lot to reshape the Pistons into a team that can consistently win. Full News here – Sports | WXYZ

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Disputes over information requests in creditor’s challenge of Detroit bankruptcy plan subject of Thursday hearings

“Syncora told the City that it was not asking the City to create information — it merely wanted to know what the City knew and relied on when it made the decision to discriminate in the retirees’ favor.” Full News here – Detroit News

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Detroit Rolls Out New Model: A Hybrid Pension Plan

Detroit Rolls Out New Model: A Hybrid Pension Plan Detroit, saddled with a pension system it cannot afford, has introduced a new plan with the cooperation of its unions, which have been among the most vocal opponents of cutbacks. While both retired and active workers now participate in the same city … Full News here […]

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