Ten Biggest Dilemmas Detroit Faces After Filing Bankruptcy
Published at(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:
- The city’s unfunded liabilities top $18 billion.
- The city owes money to over 100,000 creditors.
- Nearly 80,000 buildings have been abandoned and many are unsecured.
- Population of Detroit has fallen from 1.86 million in 1950 to 700,000 today.
- Some 47 percent of properties are delinquent in paying their taxes.
- Police take an average of 58 minutes to respond to calls.
- Only 8.7 percent of violent crimes are solved and Detroit has the highest crime rate in the U.S. of large cities.
- Manufacturing jobs in the city have slid from a peak of 200,000 to just 20,000 today.
- Only 7 percent of the city’s eighth graders are proficient in reading.
- 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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