Tagged: Kevyn Orr

The Detroit City Council has approved a more than $1 billion budget for the city’s upcoming fiscal year.

That budget is nearly the same as the one Mayor Dave Bing proposed last month.

Detroit's emergency manager, Kevyn Orr, wants to account for assets held in the Detroit Institute of Arts, which has sparked fears that part of the collection could be sold in the future.

We've posted information here, and Michigan Radio's Sarah Cwiek will have an update for us later today.

Update 11:34 a.m.

The DIA just put out this statement on their Facebook page:

"The DIA strongly believes that the museum and the City hold the museum’s art collection in trust for the public. The DIA manages and cares for that collection according to exacting standards required by the public trust, our profession and the Operating Agreement with the City. According to those standards, the City cannot sell art to generate funds for any purpose other than to enhance the collection. We remain confident that the City and the emergency financial manager will continue to support the museum in its compliance with those standards, and together we will continue to preserve and protect the cultural heritage of Detroit."

9:19 a.m.

Detroit is in a big financial hole, and the man in charge of righting the ship wants to know what can be sold.

Mark Stryker and John Gallagher of the Detroit Free Press report that Detroit's emergency manager, Kevyn Orr, is considering whether the DIA's art collection, with a roughly estimated value of $14 billion, should be counted as assets that can be sold to pay debts:

Liquidating DIA art to pay down debt likely would be a monstrously complicated, controversial and contentious process never before tested on such as large scale and with no certain outcome. The DIA is unusual among major civic museums in that the city retains ownership of the building and collection while daily operations, including fund-raising, are overseen by a nonprofit institution.

Stryker and Gallagher report on the many hurdles facing such a sale, including ...

• restrictions on selling off city assets in municipal bankruptcy law,
• museum ethics and operating rules that forbid selling art,
• opposition from patrons who donated art,
• and major a public outcry against such a sale:

“There would be hue and cry the likes of which you’ve never heard,” said Ford Bell, president of the American Alliance of Museums in Washington, D.C. “The museum should be a rallying point for the rebirth of Detroit and not a source of funds.”

Orr spokesman Bill Nowling said there's no plan yet to sell any asset of the city, but he said all the city's assets must be accounted for.

Detroit emergency manager Kevyn Orr named former Cincinnati Police Chief James Craig as Detroit's new Chief of Police.

Michigan Radio's Sarah Hulett attended the press conference, where Orr announced that Craig will begin July 1, 2013:

The new police chief of Michigan's largest city says he's committed to reducing violence and making the Detroit Police Department a premier police agency.

This announcement followed the plan that Orr outlined in his 45-day report on Detroit's economic status. 

After 45 days in office, a report from Detroit’s Emergency Manager Kevyn Orr was released this morning, taking an in-depth look at the city’s financial situation.

What’s clear from the 41-page report — Detroit is broke and its finances are in worse shape than previously thought. The city has almost $9.5 billion bonds and other debt, almost $6 billion in unfunded retiree health care, and will end its budget year with a shortfall of more than $160 million.

What do these numbers really mean for the city? And why is there such a disparity between what we’ve heard from city leaders and the report?

Detroit’s Emergency Manager Kevyn Orr joined us in the studio today, to answer these questions and more.

Listen to the full interview above.

State officials announced over the weekend that they'll lend money to Pontiac schools to avert a pay-less payday.

But, there's no resolution in Buena Vista Township where that school system abruptly shut down after running out of money. On today's show: a temperature check on school funding across Michigan - just how many districts are close to the financial edge?

And Detroit Emergency Manager Kevyn Orr joined us today. He released a report on the city's disastrous finances. The State's Emergency Manager law requires this report to be issued  45 days after Orr's appointment.

We also talk about what Marquette, Michigan is doing right. "Placemaking" is leading to efforts to create more livable, vibrant and creative communities. We wanted to find out where "placemaking" is working and how cities across Michigan could benefit. Arnold Weinfeld, the director of Strategic Initiatives at the Michigan Municipal League, joined us to talk about this effort.