Kevyn Orr

Economy
12:11 pm
Thu March 27, 2014

Here's a short list of the 8 Detroit creditors who will win and lose the most

Courtesy of Bridge Magazine

Long before Detroit Emergency Manager Kevyn Orr rolled out his proposal in February for paying back the city’s creditors, bankruptcy experts knew the pain would not be spread evenly.

Because so much of the city’s debt – nearly $6 billion owed to pay back loans for the city’s sprawling water and sewer department – cannot be reduced in bankruptcy court, the creditors feeling the brunt of the cuts are retirees and city employees.

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Investigative
8:55 pm
Tue March 25, 2014

Detroit's emergency manager on bankruptcy developments

Detroit emergency manager Kevyn Orr spoke at the University of Michigan and took questions on the one-year anniversary of his appointment to guide the city through bankruptcy.
Credit Lester Graham / Michigan Radio

On the one-year anniversary of his appointment, Detroit’s emergency manager spoke about the latest developments in the city's bankruptcy in a speech at the University of Michigan.

One thing in the works is getting a $120 million loan from Barclays of London. A state board approved the loan today. The Detroit City Council also approved the deal, despite concerns that the money might be used to pay big-money bankruptcy consultants. But, emergency manager Kevyn Orr says, ‘not so.’

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Politics & Government
5:00 am
Wed March 19, 2014

Lease proposal: Joe Louis Arena to be darkened, demolished after Red Wings leave

The Detroit Red Wings’ owners will keep renting Joe Louis arena through at least 2015, according to a proposed lease presented to the Detroit City Council Tuesday.

City officials have already cleared the way for the Red Wings’ owners, Mike and Marian Ilitch, to build a new arena complex for the hockey team.

But the question remains about what to do with Joe Louis Arena, which the city of Detroit owns. Right now, the two sides are retroactively negotiating a lease agreement that expired in 2010.

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Stateside
10:48 pm
Thu March 13, 2014

Kevyn Orr reflects on his past year as Detroit's Emergency Manager

Kevyn Orr was appointed Emergency Manager one year ago tomorrow.
Michigan Radio

An interview with Detroit News Business Columnist Daniel Howes.

It's Thursday. Time for our weekly check-in with Detroit News Business Columnist Daniel Howes.

It’s hard to believe it will be one year ago tomorrow that Kevyn Orr was appointed Detroit's Emergency Manager. Orr sat down to talk to the Detroit News. What does he say about these past 12 months?

Daniel Howes joined us today.

Listen to the full interview above.

Stateside
4:25 pm
Tue February 25, 2014

Detroit bankruptcy reorganization plan in place; what's the next move for stakeholders?

Lester Graham Michigan Radio

It's been five days since emergency manager Kevyn Orr released the bankruptcy reorganization blueprint, which maps out a way to wipe out billions in debt, spend over half a billion in tearing down abandoned buildings and invest one billion to improve city services.

Now that all stakeholders have had a chance to digest the blueprint, the battle lines are being drawn.

Detroit Free Press columnist Rochelle Riley joined us today to give us a look ahead.

Listen to the full interview above.

Politics & Culture
4:19 pm
Tue February 25, 2014

Stateside for Tuesday, Feb. 25, 2014

We've almost all done it – you might have even done it just today: Made a purchase online.

But have you ever wondered why you have to pay sales tax on online purchases from some retailers like Target, but not others, like Amazon? There's new legislation in Lansing that might change that. We found out more on today's show.

Then, close your eyes. Now, picture a farmer. What comes to mind? You probably pictured a man, but more women are raising crops now in Michigan. We took a look at what's behind the rise in female farmers.

And, it was the most infamous event of one of the most painful and divisive times in Michigan's history. A new play at the Charles H. Wright Museum of African American History explores the Algiers incident which occurred during the Detroit riots. 

First on the show, it's been five days since emergency manager Kevyn Orr released the bankruptcy reorganization blueprint, which maps out a way to wipe out billions in debt, spend over half a billion in tearing down abandoned buildings and invest $1 billion to improve city services.

Now that all stakeholders have had a chance to digest the blueprint, the battle lines are being drawn.

Detroit Free Press columnist Rochelle Riley joined us today to give us a look ahead.

Investigative
7:00 am
Mon February 24, 2014

Detroit's infrastructure crumbling while city has trouble collecting cash

Compuware World Headquarters at Campus Martius is a gleaming example of the Detroit's downtown revival. It depends on the deteriorating infrastructure of the city.
Credit Lester Graham / Michigan Radio

The radio version of this story.

The plan to guide Detroit out of bankruptcy includes up to $150 million a year for ten years to repair neglected infrastructure.  The city could go a long way in paying for that if it can find a way to collect money already owed to it.

The Compuware World Headquarters building at Campus Martius is a gleaming example of a downtown revival.

But last week, just down the block, the façade of revival was peeled back for a moment. An old water pipe broke.

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Stateside
5:29 pm
Mon February 3, 2014

What do local leaders think about Detroit's bankruptcy now?

Detroit Emergency Manager Kevyn Orr has submitted a so-called “plan of adjustment” to Detroit creditors.

It’s been about six months since Orr filed for Chapter 9 bankruptcy for the city.

So, more than half a year later, what do local leaders in Michigan think about the bankruptcy?

Tom Ivako joined us today. He’s with the Center for Local, State and Urban Policy at the University of Michigan.

*Listen to the audio above.

Opinion
8:45 am
Mon January 13, 2014

Detroit's City Council might prolong state control

Lessenberry commentary for 1/13/14

If you own a hotel, this is a good week to be in Detroit, where thousands of journalists and auto industry people are flocking to town for the North American International Auto Show.

Hopefully this will bring some good publicity for the city, which badly needs it. Last week was a setback, especially in terms of city government. But I think most people don’t realize how damaging it was. More on this in a moment.

But first, this will be the first time ever that the auto show will be in a Detroit where the mayor is not the most powerful figure. Today, that would be emergency manager Kevyn Orr.

A week ago, we would have figured this was an anomaly, and that next year, Mayor Mike Duggan would be ready to welcome the auto buffs to a normal city where the elected officials were fully in charge. Now, however, that’s not so certain.

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Politics & Government
9:50 pm
Thu January 9, 2014

Orr's plan for Detroit delayed

Kevyn Orr
Credit Sarah Cwiek / Michigan Radio

DETROIT (AP) - Detroit's state-appointed emergency manager is delaying the release of his plan to shepherd the city through bankruptcy.

A spokesman for Kevyn Orr told The Associated Press on Thursday that no new date is being given for the report's release because the city is continuing mediation with creditors.

Orr had said he'd submit his plan to a federal bankruptcy judge in early January. The court-imposed deadline is mid-March.

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Politics & Government
5:00 am
Tue January 7, 2014

Detroit emergency manager "freezes" pension benefits, then backs off -- temporarily

Detroit emergency manager Kevyn Orr moved to “freeze” pension benefits for some city retirees — then suspended that action as the city and pension fund representatives talk in mediation.

Orr quietly issued that order late last month. It affects members of Detroit’s General Retirement System—not police officers or firefighters, who have their own, separate pension fund.

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Politics & Government
5:01 pm
Wed January 1, 2014

Duggan sworn in as Detroit's 75th mayor

Mike Duggan, after winning the Detroit mayoral primary.
Credit Sarah Cwiek / Michigan Radio

Wasting no time, Mike Duggan was officially sworn in as Detroit’s 75th mayor on New Year’s Day.

Duggan took the oath in a small interoffice ceremony, surrounded by his family.

He comes into office as Detroit’s fate hangs in the balance in bankruptcy cout, with his mayoral powers limited by emergency manager Kevyn Orr.

Orr and Duggan have a power-sharing agreement that gives the mayor control of most day-to-day city operations. Duggan says he’ll do what he can with that.

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Politics & Government
6:00 am
Fri December 20, 2013

Duggan, Orr reach power-sharing agreement in Detroit

Detroit mayor-elect Mike Duggan will have broad powers to run the city’s day-to-day business.

Duggan and emergency manager Kevyn Orr have reached a power-sharing agreement that gives Duggan control over most city functions.

While Duggan will have substantial operational powers, he’s also promised not to “interfere” with any of Orr’s financial control.

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Politics & Government
6:38 pm
Wed December 11, 2013

In his farewell speech Bing says, 'I will remain involved in Detroit's transformation'

Dave Bing

Detroit Mayor Dave Bing says he’s pleased with how his administration has “moved the needle forward on Detroit’s future.”

Bing talked about his accomplishments and challenges as mayor in a farewell speech to the Detroit Economic Club Wednesday.

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Stateside
4:47 pm
Thu December 5, 2013

Will the DIA survive Detroit's bankruptcy? A Detroit News columnist shares his thoughts

The Detroit Institute of Arts.
Flickr

What’s going to happen with the Detroit Institute of Arts?

 

That’s the question on the minds of many Michiganders after the city of Detroit was deemed eligible for Chapter 9 bankruptcy on Tuesday.

Daniel Howes, a business columnist with The Detroit News, talks with us about all things DIA – a recent appraisal of the institute’s collection, emergency manager Kevyn Orr’s interest in the museum, and a possible rescue plan cooked up by a federal judge.

Listen to full interview above. 

Politics & Government
8:38 am
Wed December 4, 2013

Lessenberry talks Detroit bankruptcy

Peter Martorano Flickr

This Week in Michigan Politics, Jack Lessenberry and Christina Shockley discuss Detroit's bankruptcy eligibility.

As many observers expected, Judge Steven Rhodes ruled yesterday that Detroit is bankrupt, and that the city can proceed with its Chapter 9 filing.  Judge Rhodes said the city did not negotiate in good faith with the creditors and it was clear the state planned the inevitable bankruptcy as soon as Kevyn Orr was named emergency manager for Detroit. Judge Rhodes also said public employee pensions can be cut as part of the restructuring. He also ruled Michigan's Emergency Manager law constitutional.

Click here to listen to the full interview

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Opinion
8:22 am
Mon December 2, 2013

What happens after the Detroit bankruptcy ruling

Lessenberry commentary for 12/2/13

Tomorrow morning, Federal Bankruptcy Judge Steven Rhodes will announce whether or not Detroit can file for bankruptcy. If, as expected, he does authorize this, it will mean grim times ahead.

The city almost certainly will lose some assets; creditors will get paid only a fraction of what they are owed, and elderly and retired city workers may lose at least some of their pensions.

None of this will be easy, or fun. But we all have to hope that is exactly what the judge does. Otherwise, the city will be in the position of a dying lamb among a flock of turkey buzzards.

The city has close to 100,000 creditors who together are owed probably more than $18 billion. If the judge rules Detroit is ineligible for bankruptcy, then that will take the freeze off all the lawsuits creditors filed against the city before the Motor City asked for bankruptcy protection back in July. 

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Politics & Government
9:50 pm
Thu November 21, 2013

Report questions assumptions behind Detroit bankruptcy

 A new report says declining revenues and bad Wall Street deals—not out-of-control spending or generous pension benefits--contributed the most to Detroit’s bankruptcy.

The report from the left-leaning think tank Demos also accuses Emergency Manager Kevyn Orr of attacking the problem in “inappropriate” ways that are “not rooted in fact.”

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Stateside
4:35 pm
Thu November 21, 2013

Will Detroit's new mayor work well with the emergency manager and governor?

Center, Detroit's Mayor-elect Mike Duggan
Duggan for Detroit

In the weeks after the Detroit’s mayoral election, a top aide to Gov. Rick Snyder recently quipped that “adults” are now running Detroit’s city hall.

Does that point to a better working relationship between the governor, Detroit’s Emergency Manager Kevyn Orr, and the city’s Mayor-elect Mike Duggan?

Detroit News Business Columnist Daniel Howes is taking a look at the relations between Detroit’s leadership and the governor’s office.

Listen to the full interview above. 

Law
7:00 am
Fri November 15, 2013

Detroit bankruptcy judge rejects bid to keep loan terms secret

The judge in Detroit’s bankruptcy case has denied a bid to keep some details of a controversial loan agreement secret.

Judge Steven Rhodes ruled Thursday that the city must disclose all the terms of a proposed loan from the British financial giant Barclays. That loan deal is as complex as it is controversial.

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