People from Detroit, including pensioners and bondholders, are rightly nervous about bankruptcy City stop their bottom lines. Kevyn Orr, Detroit emergency manager, has provided a solid financial fundamentals to solve Detroit through spending cuts, the management and sale of assets, but bold citizens to protect and improve the action required utilities. To this end, Detroit should look to the city of Pontiac that has revolutionized the government has recovered lost decades of government land through sound economic reform. Detroit presents unique challenges and implement all the reforms of Pontiac may not be possible, but it is worth exploring ….
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