Bringing The World Home To You

© 2024 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton 94.1 Lumberton 99.9 Southern Pines 89.9 Chadbourn
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Detroit's Post-Bankruptcy Blues

Monument to Joe Louis in downtown Detroit. (memories_by_mike/Flickr)
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Syncora Guarantee Inc. has withdrawn its objections to the city’s restructuring plan in return for a deal worth a fraction of the $200 million the company said it was owed.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.
  • Copyright 2021 NPR. To see more, visit https://www.npr.org.