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Detroit's emergency manager: expect a long road to recovery

Tuesday, Dec 03, 2013 - 02:03

Detroit's state-appointed emergency manager, Kevyn Orr, welcomes a federal court's approval of the city's bankruptcy, but warns it will take time to ''dig out'' of the the city's problems.

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Good afternoon. And thank you for coming. We are gratified with the court's ruling today regarding the city's eligibility. To pursue a plan of adjustment. Under chapter nine of federal bankruptcy. Well we're very pleased. We remain very concerned. About the need to just the city's debt. To improve his level of services for a citizens. And -- also prepare for the city to exit this receivership. An -- that restores democracy. To the sixth. We have some heavy work ahead of us the first I'd like to think the judge for his thoughtful and reasoned opinion. As well as thanking his clerks and the staff who clearly. Spent a lot of time going through the record. Analyzing the arguments. And preparing a very meticulous ruling in this regard. We're also please everybody make some headway. Even in this process. On revitalizing cities services. Putting in a new solid waste contract. Getting the lights initiative restored. Helping the new police helping new police chief drive down crime. And otherwise reinvent and revitalize the city so that I can address the many concerns that have been coming this way for so long. But as I said before we have a lot of work ahead of us and what I would ask. Both our creditors none of whom by the way filed an objection to eligibility. But equally important our labor partners. To come forward with us. And take this opportunity even in the process of litigation and appeals. To try to get that the sorely needed reform. That this city has got to achieve. So we can move forward into a new day. And we can prepare hopefully. A consensual. Plan of adjustment. And be able to remove the receivership over the city. So they can grow and thrive.

Detroit's emergency manager: expect a long road to recovery

Tuesday, Dec 03, 2013 - 02:03

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