Will the state send cash to Detroit?
Each week we speak with Ken Sikkema, former Senate Majority Leader and Senior Policy Fellow at Public Sector Consultants, and Susan Demas, political analyst for Michigan Information and Research Service.
Governor Rick Snyder officially announced the appointment of an emergency manager for Detroit today. He named Kevyn Orr, a Washington D.C. lawyer who represented Chrysler in it’s 2009 bankruptcy as his manager of choice. Orr has many ties to Michigan including graduating from the University of Michigan Law School.
" I think the city is going to need some cash in order to meet some obligations and restructuring, whether or not that is going to be an easy sell is a different matter," said Demas.
"If this gentleman [Kevyn Orr] can actually show some results to get this city in the right direction than I think the attitude in Lansing would be different toward more money, and more investment," Sikkema said.
Listen to the full interview above.