Who Killed Detroit City and Why?
July 18, 2013
Cities don’t die because of happenstance. The city of Detroit has been murdered by the same forces that are slowly killing cities all across the United States.
Detroit Becomes the Largest US City to Declare Bankruptcy
On July 18, 2013, Detroit declared Chapter 9 bankruptcy to squelch most of their $18 billion in debts. The Chapter 9 filing occurred only four months after the appointment of an emergency financial manager. ‘Let me be blunt: Detroit’s broke,’ says Michigan’s governor, Rick Snyder. Snyder went on to say that Detroit is the heart of Michigan and if Detroit is in trouble, Michigan is in trouble.
Detroit is the largest American city to declare bankruptcy, officially succumbing to job losses in the auto industry, decades of population flight, and the collapse of revenue to cover everything from policing to street lighting.
By the end of this article, the reader will come to see the prophetic wisdom of Governor Snyder’s words as the bankruptcy of Detroit is a portend of what is to come to most American cities.
Detroit Was Once the Pride of America