Gov. Snyder: 'Detroit's comeback is underway' - New York News

Gov. Snyder: 'Detroit's comeback is underway'

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  • Gov. Snyder: 'Detroit's comeback is underway'More>>

  • Detroit files plan to fix debt, leave bankruptcy

    Detroit files plan to fix debt, leave bankruptcy

    Friday, February 21 2014 12:49 PM EST2014-02-21 17:49:57 GMT
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
    Detroit's emergency financial manager filed a plan Friday that would bring the city out of bankruptcy, providing for the first time a detailed look at what the Motor City would look like when it finally sheds its financial burdens.
LANSING, Mich. (WJBK) -

Gov. Rick Snyder issued the following statement today on the filing of a plan of adjustment by  Detroit Emergency Manager Kevyn Orr that is part of the city's restructuring under Chapter 9 of the U.S. Bankruptcy Code:

"Detroit's comeback is underway. Emergency Manager Kevyn Orr has submitted a thoughtful, comprehensive blueprint directing the city back to solid financial ground, a crucial step toward a fully revitalized Detroit.  There will be difficult decisions and challenges for all sides as this process moves forward.

The state's focus is on protecting and minimizing the impact on retirees, especially those on fixed, limited incomes, restoring and improving essential services for all 700,000 Detroit residents and building a foundation for the city's long-term financial stability and economic growth.

This plan of adjustment is a critical step forward as we look to resolve problems decades in the making.

Let's use this plan as a call to action for a voluntary settlement as part of the mediation process to resolve the bankruptcy more quickly and soften the tough but necessary changes. We already have witnessed some strong collaboration around innovative ideas. We hope there can be more and that these efforts come to fruition.

Detroit's long-term viability is not just essential for its residents -- but to all Michiganders."

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  • FAA extends ban on U.S. flights to Tel Aviv

    FAA extends ban on U.S. flights to Tel Aviv

    Wednesday, July 23 2014 1:17 PM EDT2014-07-23 17:17:17 GMT
    The Federal Aviation Administration has extended the ban on U.S. carriers from flying to Tel Aviv for another 24 hours. Word came from the FAA at about 12:40 pm. on Wednesday, 24 hours after it issued its initial ban to Israel and following a rocket launch from Gaza that landed near the Ben Gurion airport.
    The Federal Aviation Administration has extended the ban on U.S. carriers from flying to Tel Aviv for another 24 hours. Word came from the FAA at about 12:40 pm. on Wednesday, 24 hours after it issued its initial ban to Israel and following a rocket launch from Gaza that landed near the Ben Gurion airport.
  • NBA's Felton pleads guilty in gun case

    NBA's Felton pleads guilty in gun case

    Wednesday, July 23 2014 12:15 PM EDT2014-07-23 16:15:05 GMT
    Former NY Knicks point guard Raymond Felton pleaded guilty Wednesday in a Manhattan gun case, taking a plea deal that involved admitting a felony but spares him jail. Last winter, after Felton's law student wife filed for divorce, her attorney brought a loaded semi-automatic handgun to a police precinct and said it was Felton's and she wanted it out of the house, authorities said.  Felton's attorney said he never threatened anyone with the gun.
    Former NY Knicks point guard Raymond Felton pleaded guilty Wednesday in a Manhattan gun case, taking a plea deal that involved admitting a felony but spares him jail. Last winter, after Felton's law student wife filed for divorce, her attorney brought a loaded semi-automatic handgun to a police precinct and said it was Felton's and she wanted it out of the house, authorities said. Felton's attorney said he never threatened anyone with the gun.
  • Fortune 500 firm Sealed Air moving HQ to Charlotte

    Fortune 500 firm Sealed Air moving HQ to Charlotte

    Wednesday, July 23 2014 12:01 PM EDT2014-07-23 16:01:51 GMT
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from...
    North Carolina has convinced Fortune 500 packaging company Sealed Air Corp. to move nearly 1,300 jobs to the Charlotte area by relocating its New Jersey headquarters and consolidating management operations from several...
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