Detroit files for Chapter 9 bankruptcy amid staggering debts

[blackzeus]

I grew up in Metro-Detroit (not actually Detroit, but went there every now and then) and this has been a long time coming. They need a fresh start.


The worst part is that there's no reason Detroit shouldn't be the exact same thing as Chicago outside of politics and terrible management from city officials.

Who in the f*ck would move to Detroit?

 

[Trip]

We made some horrible business deals as a city.. I don't think there has been worse deals in the history of America since Louisiana Purchase.

the Dutch did buy Manhattan for some beads and a tee pee

 

[the next guy]

4700 Saint Clair St, Detroit, MI 48214 - Zillow

Move to Detroit brehs.

 

[Blackking]

hol up what happened. i saw on twitter about him not showing up or nothin but im not in the city so i didnt know why

for his entire adult like Charles liked young dikk; his friends, the city and even his church all knew it... but for some reason some mother was upset with him for sending sexual text to her son.. her son was in his 'mentorship' program. That's hilarious to me.. you send your already 'sweet' acting son.. to a gay guys mentorship program... and you are upset when he probably gets piped down. Anyway, nikkas still haven't learned from that Kwame shyt i guess.

 

[Blackking]

They are?!?

Breh I got the property list for June 7000 pages for just Metro Detroit

First off ... That's metro Detroit... the entire state's real-estate market is hurting. 2. People are flooding to certain areas... Midtown, downtown, is first. There are even incentive programs to attract the young professional class. They will expand a lil beyond that once that area is developed. I own 2 properties in the area and cac non-stop ask me if I'm selling. 1 in woodbridge 1 closer to downtown. I'm not talking about some shyt off conner or something.

 

[kp404]

the Dutch did buy Manhattan for some beads and a tee pee

Didn't matter in hindsight since the English Debo'ed that shyt like a 5th grade bully though

 

[Atlrocafella]

So will the city not be able to easily gain access to credit to fund local and state projects and constructions? I would imagine creditors turning away from Detroit or having high ass interest rates. Taxes will have to go up to I guess.

 

[Kings County]

didnt even know a city could file bankruptcy

 

[Swiggy]

Business leaders expect to escape major impact from Detroit bankruptcy | The Detroit News

This makes me feel a little better, but shyt still has me shook as fukk.

 

[Batsute]

Maaaaan, I wish I had the finances to buy land and sit on it for five to ten years like them Arabials. Trust me those bailout are coming and when Detroit bounces back that city is gonna be Little Dubai.

 

[bigrodthe1]

First off ... That's metro Detroit... the entire state's real-estate market is hurting. 2. People are flooding to certain areas... Midtown, downtown, is first. There are even incentive programs to attract the young professional class. They will expand a lil beyond that once that area is developed. I own 2 properties in the area and cac non-stop ask me if I'm selling. 1 in woodbridge 1 closer to downtown. I'm not talking about some shyt off conner or something.

I respect what you spitting but it will not be a REAL true statement until folks DO start back flocking to areas such as Conner. They fukked the city up by running every out JUST to develop downtown and Midtown. I want to see them doing something with my area of Woodward from 6 Mile to 8 mile since they will be opening the Meyers next week. It makes no sense how this area looks.

 

[AntoineWalkerShimmy]

Why even try to prop it up?

Just let it fester.

Sometimes you gotta cut it loose.

Not every city is meant to make it.

http://hbo.vice.com/episode-nine

That's how they felt/feel about Chicago. And look what happened; what they thought they had contained started to seep out.

 

[I'm Billy FUCO!!]

 

[Eastside Get The Money]

This bankruptcy is only gonna make it easier for Illitch and Gilbert to run the city. Those two are really trying to make a corporate monopoly

 

[PriceisRight]

It's So Cold in the D - YouTube