Detroit - the city bankrupt

• Detroit - the city bankrupt

July 19, 2013, the City of Detroit, Michigan, declared bankruptcy due to inability to pay nearly 20 billion debt. This is the largest municipal bankruptcy in US history. Once respectable areas have become feral slums.

the city stalled engines at once. It all started back in 1958 with the death of the legendary "Packard". Twenty years later, another blow to the heavy-handed US auto industry caused increase in gasoline prices. Since 2005, a large car GM trio, Ford and the Chrysler, which is in a difficult situation, put a quarter of a million people outside.

The "Welcome to Detroit" and that the city was founded in 1701, March 3, 2013:

In the end, Detroit finished off the mortgage crisis.

Detroit, Michigan, July 18, 2013

to patch holes in the budget of the former mayor of the city planned with the help of casino revenue. But this idea also failed. Who will go with a lot of money to where the police or an ambulance is necessary to wait for a few hours?

Abandoned building in Detroit

For the maintenance of emergency services also do not have money. As there is not expected them to education, pensions and benefits. Even street lights here include only the center.

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The view from the window of an abandoned factory in Detroit

By the way, Detroit was the former mayor after he was jailed for extortion and corruption.

Detroit dominant, Michigan, July 18, 2013

Plan "B" of the authorities in Detroit there. Last attempt to save the city from bankruptcy crisis manager used a month ago. He made a "generous" offer to creditors: 10 cents on the dollar debt. They refused. Now lenders are not seen and these money. Detroit dominant, Michigan, July 18, 2013

What is himself a former car capital of America right now? Half of those in Detroit over 16 years, for a long time does not work anywhere, simply because there is no place. Car manufacturers have become rusty ruins. No wages - no taxes.

Center Detroit, Michigan, March 2, 2013

On the ruins of growing crime. The population flees from Detroit. 2 million. Inhabitants in the 1950s, is now 3 times less. Since 2000, the city's population has fallen by more than a quarter to 700 thousand inhabitants.

Detroit dominant, Michigan, July 18, 2013

In the magnificent color photographs from the archives of the Library of Congress was captured Detroit in 1942, full of strength and hope for the future

Detroit, 1942

View of the Woodward Avenue from the Maccabees Building, 1942

In the ruins are the theater and the station, to the masterpieces of the gallery seriously eyeing to be auctioned off.

Abandoned building Fox Theater

Another Theater in Detroit now is a parking lot

Abandoned houses are even in the center. Currently, about 40,000 houses and empty plots. Detroit, March 3, 2013

Detroit, March 3, 2013

36% of the population live below the poverty line. The City spends $ 100 million more than it earns, and the rest compensates for loans.

The queue for free products, personal hygiene items and household items, 18 December 2008

Detroit leads in the number of murders among all US cities with populations over 200 thousand people. Murder in Detroit occur three times more often than the US average.

Detroit, July 18, 2013

This is the largest municipal bankruptcy in US history. However, while the application of Detroit city authorities for recognition bankrupt was declared unlawful. Such a ruling handed down judgment Michigan. Detroit, July 18, 2013