Detroit Resurrected: To Bankruptcy and Back

Nonfiction, Reference & Language, Law, Bankruptcy, History, Americas, United States
Cover of the book Detroit Resurrected: To Bankruptcy and Back by Nathan Bomey, W. W. Norton & Company
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Nathan Bomey ISBN: 9780393248920
Publisher: W. W. Norton & Company Publication: April 25, 2016
Imprint: W. W. Norton & Company Language: English
Author: Nathan Bomey
ISBN: 9780393248920
Publisher: W. W. Norton & Company
Publication: April 25, 2016
Imprint: W. W. Norton & Company
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from W. W. Norton & Company

Cover of the book Sauces & Shapes: Pasta the Italian Way by Nathan Bomey
Cover of the book This Will Be Difficult to Explain: And Other Stories by Nathan Bomey
Cover of the book Honey and Junk: Poems by Nathan Bomey
Cover of the book Delta Blues: The Life and Times of the Mississippi Masters Who Revolutionized American Music by Nathan Bomey
Cover of the book Rilke and Andreas-Salomé: A Love Story in Letters by Nathan Bomey
Cover of the book Stories of God by Nathan Bomey
Cover of the book Anxiety + Depression: Effective Treatment of the Big Two Co-Occurring Disorders by Nathan Bomey
Cover of the book Expressive Anatomy for Comics and Narrative: Principles and Practices from the Legendary Cartoonist (Will Eisner Instructional Books) by Nathan Bomey
Cover of the book Shadow of Cain: A Novel by Nathan Bomey
Cover of the book Red Cavalry by Nathan Bomey
Cover of the book Worried?: Science investigates some of life's common concerns by Nathan Bomey
Cover of the book Mathletics: A Scientist Explains 100 Amazing Things About the World of Sports by Nathan Bomey
Cover of the book The End of Faith: Religion, Terror, and the Future of Reason by Nathan Bomey
Cover of the book Saving Italy: The Race to Rescue a Nation's Treasures from the Nazis by Nathan Bomey
Cover of the book Packing for Mars: The Curious Science of Life in the Void by Nathan Bomey
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy