Detroit avoiding bankruptcy is the goal, Snyder says - New York News

Detroit avoiding bankruptcy is the goal, Snyder says

Posted: Updated:
Detroit skyline Detroit skyline
LANSING, Mich. (WJBK) -

If you were a betting person, the popular bet in Detroit these days is that Emergency Manager Kevyn Orr has the city on a direct path right into Chapter 9 bankruptcy.

Governor Rick Snyder will not join in that speculation, saying that Orr is doing his job. However, if you were making that bet, the governor has this advice.

"The goal is not to be in bankruptcy," Snyder said.

The governor was at a farm auction on Tuesday hoping that the assets of Detroit are not auctioned off as part of a deficit reduction plan now in the works.

As for those talks between creditors and Orr, the governor observed, "Any actions where Kevyn can come to agreement with creditors or action in terms of moving forward is a positive thing whether or not there's a bankruptcy. Again, the goal is not to be in bankruptcy. The goal is to get a resolution with creditors that allows Detroit to be successful."

There are some who believe it is Orr that has the final say on sending the city into Chapter 9, but the governor made it clear he has the final word.

"At some point, if he believes it's appropriate, he'll come and make a recommendation to me on whether or not I should approve doing a bankruptcy. He has not made that recommendation to me at this point in time," Snyder said.

There are all sorts of political ramifications of having Detroit in bankruptcy court in the midst of the governor's reelection campaign next year.

Responding to the comment "that would make you responsible for the bankruptcy of Detroit," the governor said, "I've never backed away from taking responsibility for my job."

He then shrugged his shoulders, seeming to say so be it, and if the trigger for bankruptcy has to be pulled, the governor will pull it.

In the second video, Leon Labreque from LJRP in Troy shares his insights on the possible effects of a Detroit bankruptcy and why it could end up impacting taxpayers in other Michigan cities.

  • Tim SkubickMore>>

  • Mark Schauer details proposal to help women in the workplace

    Mark Schauer details proposal to help women in the workplace

    Wednesday, July 23 2014 5:59 PM EDT2014-07-23 21:59:06 GMT
    Gubernatorial candidate Mark Schauer is looking to win over the female voters in the upcoming election. He's proposing five points to help women in the workplace.
    Gubernatorial candidate Mark Schauer is looking to win over the female voters in the upcoming election. He's proposing five points to help women in the workplace.
  • The curse of Michigan's Lt. Governor

    The curse of Michigan's Lt. Governor

    Tuesday, July 22 2014 6:25 PM EDT2014-07-22 22:25:25 GMT
    No kid ever grows up wanting to be lt. governor, the second banana in state government.In Michigan there is a rich history of the second-in-charge wanting to use the office as a stepping stone to the top job as governor. Turns out it’s been a slippery stone as only two of twelvel.g.'s actually made it.The two winners were lt. governor John Swainson who served as the right-hand man to Gov. Soapy Williams and when he decided to retire, Mr. Swainson ran and won.Lt. Governor Bill Milliken served...
    No kid ever grows up wanting to be lt. governor, the second banana in state government.In Michigan there is a rich history of the second-in-charge wanting to use the office as a stepping stone to the top job as governor. Turns out it’s been a slippery stone as only two of twelvel.g.'s actually made it.The two winners were lt. governor John Swainson who served as the right-hand man to Gov. Soapy Williams and when he decided to retire, Mr. Swainson ran and won.Lt. Governor Bill Milliken served...
  • Jennifer Granholm back in office?

    Jennifer Granholm back in office?

    Monday, July 7 2014 10:14 AM EDT2014-07-07 14:14:46 GMT
    Oh boy, the anti-Granholm mob will have fun with this.  They are talking in California about running the former Michigan governor for something as part of the “new generation” of D’s on the west bank.
    Oh boy, the anti-Granholm mob will have fun with this.  They are talking in California about running the former Michigan governor for something as part of the “new generation” of D’s on the west bank.
  • Local NewsLocal NewsMore>>

  • 'Spider-man' slugs cop in Times Square

    'Spider-man' slugs cop in Times Square

    Monday, July 28 2014 6:13 AM EDT2014-07-28 10:13:27 GMT
    A man dressed as Spider-Man was arraigned on charges he punched a police officer who told him to stop harassing tourists in Time Square. Junior Bishop, 25, faces charges of assault, criminal mischief, resisting arrest and disorderly conduct. Police say the officer interceded after Bishop demanded at least $5 from a woman he posed for a picture with, instead of the $1 she offered.
    A man dressed as Spider-Man was arraigned on charges he punched a police officer who told him to stop harassing tourists in Time Square. Junior Bishop, 25, faces charges of assault, criminal mischief, resisting arrest and disorderly conduct. Police say the officer interceded after Bishop demanded at least $5 from a woman he posed for a picture with, instead of the $1 she offered.
  • Kayakers breach New York's JFK airport security

    Kayakers breach New York's JFK airport security

    Sunday, July 27 2014 3:46 PM EDT2014-07-27 19:46:29 GMT
    The tower at John F. Kennedy International AirportThe tower at John F. Kennedy International Airport
    Two kayakers have been cited for trespassing after breaching a Kennedy Airport security perimeter.
    Two kayakers have been cited for trespassing after breaching a security perimeter at New York's Kennedy Airport.
  • Woman gets 20-year prison term for fatal stabbing

    Woman gets 20-year prison term for fatal stabbing

    Sunday, July 27 2014 2:32 PM EDT2014-07-27 18:32:05 GMT
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
    A southern New Jersey woman who fatally stabbed a man last year during an argument in his home has been sentenced to 20 years in state prison.
  • Local NewsLocal NewsMore>>

  • Sunday's storm captured by Fox 2 viewers

    Sunday's storm captured by Fox 2 viewers

    Sunday, July 27 2014 11:48 PM EDT2014-07-28 03:48:38 GMT
    We have more video of the storm and storm damage from across southeast Michigan. It's Fox 2 viewer pics and video that you sent to us.
    We have more video of the storm and storm damage from across southeast Michigan. It's Fox 2 viewer pics and video that you sent to us.
  • Storm damage in Oakland and Macomb counties

    Storm damage in Oakland and Macomb counties

    Sunday, July 27 2014 11:26 PM EDT2014-07-28 03:26:48 GMT
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
    Damage was reported across Metro Detroit Sunday after severe storms moved across our area. About 200,000 customers lost power in the hail, heavy rain, strong winds, localized flooding and thunder and lightning.
  • Person of interest sought in April Millsap murder

    Person of interest sought in April Millsap murder

    Sunday, July 27 2014 7:57 PM EDT2014-07-27 23:57:45 GMT
    We now know more about who police are looking for in the murder of April Millsap, 14, of Armada. Sunday, police released a sketch of a person of interest in the unsolved case.
    We now know more about who police are looking for in the murder of April Millsap, 14, of Armada. Sunday, police released a sketch of a person of interest in the unsolved case.
  • PoliticsPoliticsMore>>

  • Election info for 2014 Michigan primaries

    Election info for 2014 Michigan primaries

    Tuesday, June 24 2014 5:31 PM EDT2014-06-24 21:31:30 GMT
    Elections for the office of Michigan State Senate and for the office of Michigan House of Representatives will consist of a primary election on August 5, 2014, and a general election on November 4, 2014.
    Elections for the office of Michigan State Senate and for the office of Michigan House of Representatives will consist of a primary election on August 5, 2014, and a general election on November 4, 2014.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices