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
9780393248920
9781515920045
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Grouping Information

Grouped Work ID53adf449-bdc7-8031-c92a-40b28a044827
Grouping Titledetroit resurrected to bankruptcy and back
Grouping Authornathan bomey
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-04-15 08:03:46AM
Last Indexed2024-04-18 21:38:12PM

Solr Fields

accelerated_reader_point_value
0
accelerated_reader_reading_level
0
auth_author2
Yen, Jonathan
author
Bomey, Nathan
author2-role
Yen, Jonathan
Yen, Jonathan,reader
hoopla digital
author_display
Bomey, Nathan
available_at_bemis
Bemis Public Library
detailed_location_bemis
Bemis Lower Level
display_description
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.
format_bemis
Book
eAudiobook
format_category_bemis
Audio Books
Books
eBook
id
53adf449-bdc7-8031-c92a-40b28a044827
isbn
9780393248913
9780393248920
9781515920045
itype_bemis
Juvenile Biography
last_indexed
2024-04-19T03:38:12.409Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_bemis
336.774 BOMEY,NA
owning_library_bemis
Bemis Public Library
owning_location_bemis
Bemis Public Library
primary_isbn
9780393248913
publishDate
2016
publisher
Tantor Audio
Tantor Media, Inc
W.W. Norton & Company
recordtype
grouped_work
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
United States
title_display
Detroit resurrected : to bankruptcy and back
title_full
Detroit Resurrected : to bankruptcy and back [electronic resource] / Nathan Bomey
Detroit resurrected : to bankruptcy and back / Nathan Bomey
Detroit resurrected [electronic resource] : To bankruptcy and back. Nathan Bomey
title_short
Detroit resurrected
title_sub
to bankruptcy and back
topic_facet
Economic conditions
Economic history
Financial crises
History
Law
Municipal bankruptcy
Nonfiction
Politics and government
United States

Solr Details Tables

item_details

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ils:.b50200197.i12398841xBemis Lower Level336.774 BOMEY, NA1falsefalseOn ShelfMay 15, 2017below
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overdrivecmc:ODN0002685905ODN0002685905Overdrive (CMC)Online Overdrive (CMC)eAudiobookAudio Books1falsetrueOverdrive (CMC)http://link.overdrive.com/?websiteID=162&titleID=2685905Available OnlineOverdrive (CMC)
overdrivecmc:ODN0002666007ODN0002666007Overdrive (CMC)Online Overdrive (CMC)eBookeBook1falsetrueOverdrive (CMC)http://link.overdrive.com/?websiteID=162&titleID=2666007Available OnlineOverdrive (CMC)

record_details

Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
ils:.b50200197BookBooksFirst editionEnglishW.W. Norton & Company[2016]xv, 297 pages ; 25 cm
hoopla:MWT11626090eAudiobookAudio BooksUnabridgedEnglishTantor Media, Inc20161 online resource (1 audio file (9hr., 31 min.)) : digital.
overdrivecmc:ODN0002685905eAudiobookAudio BooksUnabridgedEnglishTantor Audio20161 online resource (10 audio files) : digital
overdrivecmc:ODN0002666007eBookeBookEnglish20161 online resource

scoping_details_bemis

Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
ils:.b50200197.i12398841xOn ShelfOn Shelffalsetruetruefalsefalsetrue195, 5, 6, 7, 8, 9, 10, 170, 11, 171, 12, 13, 14, 15
hoopla:MWT11626090Available OnlineAvailable Onlinefalsetruefalsefalsefalsefalse