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Detroit resurrected: To bankruptcy and back

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What happens when an iconic American city goes broke? At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American history—the Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed? In Detroit Resurrected, Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press, provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves. The battle to rescue this iconic city pulled together those who believed in its future—despite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself "one tough nerd"; emergency manager Kevyn Orr, a sharp-shooting lawyer and "yellow-dog Democrat"; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life. Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the city's numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens. Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of America's iconic cities.
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ISBN:
9780393248913
9781515920045
9780393248920
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Grouped Work ID53adf449-bdc7-8031-c92a-40b28a044827
Grouping Titledetroit resurrected to bankruptcy and back
Grouping Authornathan bomey
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2021-03-26 20:02:02PM
Last Indexed2021-05-13 00:09:57AM
Novelist Primary ISBNnone

Solr Details

accelerated_reader_point_value0
accelerated_reader_reading_level0
auth_author2Yen, Jonathan.
authorBomey, Nathan,
author2-roleYen, Jonathan.
hoopla digital.
author_displayBomey, Nathan
available_at_bemisBemis Public Library
detailed_location_bemisBemis Lower Level
display_descriptionWhat happens when an iconic American city goes broke? At exactly 4:06 p.m. on July 18, 2013, the city of Detroit filed for bankruptcy. It was the largest municipal bankruptcy in American history—the Motor City had finally hit rock bottom. But what led to that fateful day, and how did the city survive the perilous months that followed? In Detroit Resurrected, Nathan Bomey delivers the inside story of the fight to save Detroit against impossible odds. Bomey, who covered the bankruptcy for the Detroit Free Press, provides a gripping account of the tremendous clash between lawyers, judges, bankers, union leaders, politicians, philanthropists, and the people of Detroit themselves. The battle to rescue this iconic city pulled together those who believed in its future—despite their differences. Help came in the form of Republican governor Rick Snyder, a technocrat who famously called himself "one tough nerd"; emergency manager Kevyn Orr, a sharp-shooting lawyer and "yellow-dog Democrat"; and judges Steven Rhodes and Gerald Rosen, the key architects of the grand bargain that would give the city a second chance at life. Detroit had a long way to go. Facing a legacy of broken promises, the city had to seek unprecedented sacrifices from retirees and union leaders, who fought for their pensions and benefits. It had to confront the consequences of years of municipal corruption while warding off Wall Street bond insurers who demanded their money back. And it had to consider liquidating the Detroit Institute of Arts, whose world-class collection became an object of desire for the city's numerous creditors. In a tight, suspenseful narrative, Detroit Resurrected reveals the tricky path to rescuing the city from $18 billion in debt and giving new hope to its citizens. Based on hundreds of exclusive interviews, insider sources, and thousands of records, Detroit Resurrected gives a sweeping account of financial ruin, backroom intrigue, and political rebirth in the struggle to reinvent one of America's iconic cities.
format_bemisBook
eAudiobook
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Books
eBook
id53adf449-bdc7-8031-c92a-40b28a044827
isbn9780393248913
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itype_bemisJuvenile Biography
last_indexed2021-05-13T06:09:57.202Z
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literary_formNon Fiction
literary_form_fullNon Fiction
local_callnumber_bemis336.774 BOMEY,NA
owning_library_bemisBemis Public Library
owning_location_bemisBemis Public Library
primary_isbn9780393248913
publishDate2016
record_details
Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:.b50200197BookBooksFirst edition.EnglishW.W. Norton & Company, [2016]xv, 297 pages ; 25 cm.
overdrivecmc:ODN0002685905eAudiobookAudio BooksUnabridged.EnglishTantor Audio, 2016.1 online resource (10 audio files) : digital
overdrivecmc:ODN0002666007eBookeBookEnglish2016.1 online resource
hoopla:MWT11626090eAudiobookAudio BooksUnabridged.EnglishTantor Audio, 2016.1 online resource (1 audio file (9hr., 31 min.)) : digital.
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Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b50200197.i12398841xOn ShelfOn Shelffalsetruetruefalsefalsetrue5, 6, 7, 8, 9, 170, 10, 171, 11, 12, 13, 14, 15
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subject_facet
Detroit (Mich.) -- Economic conditions -- 21st century
Detroit (Mich.) -- Politics and government -- 21st century
Economic history
Electronic books
Financial crises
Financial crises -- Michigan -- Detroit -- History -- 21st century
History
Law
Michigan -- Detroit
Municipal bankruptcy
Municipal bankruptcy -- Michigan -- Detroit -- History -- 21st century
Nonfiction
Politics and government
title_displayDetroit resurrected : to bankruptcy and back
title_fullDetroit resurrected : to bankruptcy and back / Nathan Bomey
Detroit resurrected : to bankruptcy and back [electronic resource] / Nathan Bomey
Detroit resurrected [electronic resource] : To bankruptcy and back. Nathan Bomey
title_shortDetroit resurrected
title_subTo bankruptcy and back
topic_facetEconomic conditions
Economic history
Financial crises
History
Law
Municipal bankruptcy
Nonfiction
Politics and government