From The Detroit Free Press: ‘White House To Announce $300M In Aid Friday To Make Detroit Safer, Erase Blight’

Full piece here.

‘Nearly $300 million in aid for Detroit — from federal and state coffers, private businesses and charitable foundations — will be announced Friday as Obama administration officials visit the city to discuss what can be done to help eradicate blight, improve transportation, encourage new business and make residents safer.’

Life support?:

‘Sperling wasn’t immediately able to break down just how much of the $300 million represents new funding and how much had already been awarded to Detroit but, for whatever reason, hadn’t reached the city before. But he said much of it represented an effort by adminisitration officials to scour their departments for funding that Detroit could access’

How did Detroit get here?

Very comprehensive and easy to navigate.

More from Megan McArdle on the behavior that comes with pension bonuses:  Not worth saving.

Some links on this site: Charlie LeDuff, Detroit’s populist, citizen journalist’s youtube channel here.  At least he’s sticking around.

Are you looking at beautiful photos and feeling sorry for Detroit, and yourself?  See Time Magazine’s photo essay by Yves Marchand and Romain Meffre (less porn-like, more thoughtful).

Hipster hope, artists, collectivists and small business types can’t save it either:  A Short Culture Wars Essay-Two Links On Detroit & ‘Ruin Porn’

GM is not a municipality, but good money got put in, probably after bad and it reeks of politics: From The Detroit News: ‘How The Treasury, GM Stock Deal Got Done’

What about the popular arts and culture?:Update And Repost-From Grist.Org Via The New Republic Via The A & L Daily: ‘Getting Past “Ruin Porn” In Detroit’…A Few Thoughts And A Tuesday Poem By Philip Levine

A garage sale for the city’s art? Virginia Postrel At Bloomberg: ‘Detroit’s Van Gogh Would Be Better Off in L.A.’From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Walter Russell Mead takes a look at the blue model (the old progressive model) from the ground up in NYC to argue that it’s simply not working.  Check out his series at The American Interest

From Bloomberg: ‘Detroit Recovery Plan Threatens Muni-Market Underpinnings’

2 thoughts on “From The Detroit Free Press: ‘White House To Announce $300M In Aid Friday To Make Detroit Safer, Erase Blight’

  1. Ron,

    Pretty much, or if the President has an ideological, political, or even sentimental attachment to your plight, you may get bailed out. Not exactly a principle that works for everyone.

Leave a Reply to Ron Scubadiver Cancel reply