Tonight, Detroit Emergency Manager Kevyn Orr will hold a public informational meeting. It's scheduled for 6:30 p.m. at the Wayne State University Law School Spencer M. Partrich Auditorium.
Michigan Radio's Sarah Cwiek will be there and will give us an update later tonight.
According to Kirk Pinho at Crain’s Detroit Business:
The meeting is required under Public Act 436 of 2012, the state's emergency manager law, within 30 days of Orr submitting his financial and operational plan to the state Department of Treasury, although it does not need approval from the electorate or the treasury department. Orr submitted his plan on May 13. The plan largely reaffirmed what was already known about Detroit's financial problems, including that the city has a budget deficit of $380 million and over $15 billion in debt and liabilities.
The Wayne State Law School is located at 471 W. Palmer St.
Tonight's meeting precedes Orr's meeting on with creditors on Friday.
That's when Orr will meet behind closed doors with the city's creditors, in an attempt to bargain with representatives to avoid a trip to bankruptcy court. The creditors represented at the meeting will include everyone from the city's employee unions to big banks.
Orr's spokesman Bill Nowling sent us a list of all the creditors who were invited to attend the Friday's meeting.
Check out the creditors who were invited here.
-Julia Field and Melanie Kruvelis, Michigan Radio Newsroom
