Detroit's Post-Bankruptcy Blues

Published September 16, 2014 at 1:50 PM EDT

Monument to Joe Louis in downtown Detroit. (memories_by_mike/Flickr)

Detroit is one step closer to ending its bankruptcy ordeal after it reached a settlement with one of its remaining creditors.

Syncora Guarantee Inc. has withdrawn its objections to the city’s restructuring plan in return for a deal worth a fraction of the $200 million the company said it was owed.

Still, when Detroit does emerge from bankruptcy it doesn’t mean its revenue problems will be over.

From the Here & Now Contributors Network, Michigan Radio’s Lester Graham explores why.

Reporter

Lester Graham, investigative reporter for Michigan Radio. He tweets @MichiganWatch.

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