Ten Biggest Dilemmas Detroit Faces After Filing Bankruptcy

Cornelia Schaible/Getty Images(DETROIT) — Detroit became the largest city to file for bankruptcy on Thursday.

While Michigan’s governor and Detroit’s mayor say the city has a chance to emerge stronger from this, the city has a number of challenges ahead of it. 

Here are 10 of the biggest dilemmas Detroit has to face:

1. The city’s unfunded liabilities top $18 billion.
2. The city owes money to over 100,000 creditors.
3. Nearly 80,000 buildings have been abandoned and many are unsecured.
4. Population of Detroit has fallen from 1.86 million in 1950 to 700,000 today.
5. Some 47 percent of properties are delinquent in paying their taxes.
6. Police take an average of 58 minutes to respond to calls.
7. Only 8.7 percent of violent crimes are solved and Detroit has the highest crime rate in the U.S. of large cities.
8. Manufacturing jobs in the city have slid from a peak of 200,000 to just 20,000 today.
9. Only 7 percent of the city’s eighth graders are proficient in reading.
10. Only 8.7 percent of violent crimes are solved and Detroit has the highest crime rate in the U.S. of large cities.

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