The people, the city's most important asset, must not be forgotten
By Richard C. Harwood
August 13, 2013
Lately I’ve done a run of radio interviews about Detroit’s post-bankruptcy future. Among the messages I’ve felt compelled to express is the following: While the city faces steep financial challenges, don’t sell off the soul of the community to balance the books.
Emergency manager Kevyn Orr says that resolving the bankruptcy requires all “assets” to be on the table. Sadly, that includes promised pensions and health care for the city’s retirees. It also includes the renowned art collection at the Detroit Institute of Art, valued at billions of dollars. Already, Christie’s auction house has gone to the Institute to conduct appraisals.
Read more at The Detroit News: http://www.detroitnews.com/article/20130813/OPINION01/308130002#ixzz2bye0R829