Category: Detroit

Month in Review: April, 2015

22 May, 2015 (10:02) | Bankruptcy, CDSs, Chicago, Cities, Contract rights, Detroit, Diego Rivera, Epictetus, Month in review, Municipal bankruptcy, Museums, Philanthropy, R. A. Lafferty, Speculation, US News | No comments

By: David A. Smith “The site is now known as the Great Blue Island Swamp.” – R. A. Lafferty, “What’s the Name of that Town?”, 1964 R. A. Lafferty In 1964, the mad genius of science fiction R. A. Lafferty wrote a short story in which not only had the City of Chicago been vaporized, […]

A tale of two cities: Part 12, A beautiful city rising from this abyss

29 April, 2015 (10:00) | Annexation, Bankruptcy, Chicago, Cities, Detroit, Finance, Housing, Infrastructure, Municipal bankruptcy, Pension funds, Real estate taxes, Speculation, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 11 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, Part 9, and Part 10.] By: David A. Smith “It is a far, far better thing that I do, than I have ever done; it is a far, far better rest […]

A tale of two cities: Part 11, Only Detroit has a lower bond rating

28 April, 2015 (10:00) | Annexation, Bankruptcy, Chicago, Cities, Detroit, Finance, Housing, Infrastructure, Municipal bankruptcy, Pension funds, Real estate taxes, Speculation, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 10 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, and Part 9.] By: David A. Smith “And who among the company at Monseigneur’s reception could possibly doubt that a system rooted in a frizzled hangman, powdered and gold-laced, pumped, and […]

A tale of two cities: Part 10, Division of public property, debts, town paupers, and taxes

27 April, 2015 (09:00) | Annexation, Bankruptcy, Chicago, Cities, Detroit, Finance, Housing, Infrastructure, Municipal bankruptcy, Pension funds, Real estate taxes, Speculation, Urbanization, US News, Zoning |

[Continued from last week’s Part 9 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, and Part 8.] By: David A. Smith “Keep where you are because, if I should make a mistake, it could never be set right in your lifetime.” Charles Dickens, A Tale of Two […]

A tale of two cities: Part 9, Grievances would be addressed

24 April, 2015 (10:00) | Annexation, Bankruptcy, Chicago, Cities, Detroit, Finance, Housing, Infrastructure, Municipal bankruptcy, Pension funds, Real estate taxes, Speculation, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] By: David A. Smith “Liberty, equality, fraternity, or death; — the last, much the easiest to bestow, O Guillotine!”  Charles Dickens, A Tale of Two Cities With Chicago’s economy sinking and its […]