Tag Archive | "plan"

Developer revives plan for downtown housing project

The 12-to-14-story project would create between 96 and 108 1-and-2 bedroom apartments with up to half of them set aside for low-to-medium income tenants. Full News here – Oakland Business

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Creditor Syncora to drop objections to Orr’s plan in Detroit bankruptcy

Bond insurer Financial Guaranty Insurance Co. (FGIC) would be the sole remaining major creditor fighting the city’s plan to slash more than $ 7 billion in liabilities and reinvest $ 1.4 billion in services over 10 years. Full News here – freep

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Experts: Meridian plan to lease provides options

Kirk Pinho – When plans for a new $ 111 million Meridian Health Plan building were made public last September, the news was met with anticipation: Detroit was on track for its first new skyscraper downtown since 2006.But sometimes business sensibilities change real estate plans. Plans for the 320,000-square-foot headquarters building have been scrapped, and […]

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$450 million Detroit Red Wings arena plan focused on Michigan, Detroit sourcing

Detroit Red Wings arena planners hope to contract majority of $ 450 million project to Michigan, Detroit companies Full News here – Detroit News

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Charts presented at trial break down reinvestment in Detroit’s bankruptcy plan

During testimony from a leading Detroit consultant in the city’s bankruptcy trial Friday, a number of charts related to planned reinvestment initiatives were entered into evidence. Full News here – Detroit News

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Detroit’s CFO: Bankruptcy plan ‘a road map to how we should be operating’

Detroit Chief Financial Officer John Hill testified today that he believes numbers in the city’s blueprint for exiting bankruptcy are reasonable and stand a strong chance of keeping the city solvent. Full News here – freep

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Where things stand with Detroit's bankruptcy plan

Where things stand with Detroit's bankruptcy plan DETROIT – More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. Here's a look at the past … Full News […]

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Charter school authorizers propose evaluation plan

Authorizers of Michigan’s charter schools have proposed establishing a voluntary accreditation and standards system after state education officials cited performance, transparency and oversight deficiencies for one quarter of them. Full News here – Schools RSS from The Detroit News

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Plan to cut Detroit schools’ pay by 10% OK’d

State education officials have approved a plan by Detroit Public Schools to slash pay by 10 percent district wide to help erase the district’s $ 127 million deficit. Full News here – Schools RSS from The Detroit News

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Detroit schools plan 10 percent pay cuts, closings

Teachers and administrators at Detroit Public Schools will see their pay slashed by 10 percent starting Oct. 1 if state education officials approve the district’s proposal for offsetting a failed countywide tax millage. Full News here – Schools RSS from The Detroit News

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Bankruptcy restructuring plan may test city pols

The soft opening Monday of Detroit’s landmark bankruptcy trial, scheduled to begin late next week, is coming down to a simple test: Full News here – Detroit News columnists RSS from The Detroit News

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Detroit Public Schools faces Friday deadline to revise deficit-cutting plan

Detroit — Officials with Detroit Public Schools have until Friday to submit an updated deficit elimination plan to state officials that explains how the district will wipe out $ 127 million in debt. Full News here – Schools RSS from The Detroit News

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Michigan cities plan record bond sales to pay for retiree benefits

Bloomberg News – Michigan municipalities, facing a year-end deadline to borrow for retirement costs, are planning record bond sales to pay for workers’ health care and pensions. Macomb County plans a $ 270 million sale of municipal debt, its biggest ever, to finance retiree health-care costs, while Kalamazoo is considering a historic $ 100 million […]

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Duggan’s water plan taps need for change

Let’s get something straight: a water department that spent way too many years giving way too many Detroiters a pass for not paying their bills is a management failure. Full News here – Detroit News columnists RSS from The Detroit News

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Mayor Duggan announces water shutoff plan

Detroit’s mayor says the city will provide financial help for water customers in an effort to reduce mass service shutoffs that were the subject of protests and widespread criticism, including from the United Nations. Full News here – Detroit | WXYZ

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