From The Detroit Free Press: ‘Detroit Bankruptcy Creditors Ask Judge To Take Steps Toward Sale Of DIA Treasures’

Full piece here.

In case you missed it:

‘The DIA has pledged to protect its collection vigorously in court. Michigan’s attorney general has issued a formal opinion stating that a forced sale of art would be illegal because the museum holds the works in the public trust, but legal experts say the ruling may not hold up in court’

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’

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’

From The Detroit Free Press By Way Of Via Media: ‘How Detroit Went Broke’

Full piece here.

Very comprehensive and easy to navigate.

‘Other cities also have profound problems today — Chicago, Providence, R.I., Baltimore. But only Detroit is in bankruptcy court.’

A sad tale that didn’t have to end up here:

Even by the late 1950s, the signs of strain were showing in industrial cities. Population and housing values peaked in Detroit in the 1950s and began their long and seemingly unstoppable decline. The urban riots of the 1960s, including Detroit’s, accelerated the process.

By the 1960s, in Detroit as in city after city, the process was well under way. And mayors and civic leaders, here and elsewhere, began their long, anguished battle against decline.

The more people that left, the more the city leaders raised taxes and drove more people out until it became a wasteland of decay, increasing mismanagement and corruption.

America:  Tackle your pension problems and municipal debt issues now to help avoid this cruel fate.  The pie needs to be growing.

See this piece from Urbanophile:

‘The last thing Detroit teaches us is that America too often doesn’t learn from its mistakes.  Detroit’s troubles have been evident for quite some time, yet it’s hard to see that many other post industrial cities have managed to carve out a different path.  Rather, they pretended that Detroit’s fall was somehow unique due to its auto industry dependence – and managed to ignore other failed cities as well – while embarking on the same turnaround strategy via conventional wisdom and silver bullets.

Another quote, this time from Ira Stoll:

‘Indeed, if there is a single fact that sums up the state of American political economy at the present moment, it is this: the Boston office building once home to Inc. Magazine and Fast Company, which chronicled and celebrated small and fast-growing businesses, is now the headquarters of a publication called “Compliance Week.”’

Will the tech sector fill the hole?  Fracking, low-taxes and new investment in industry?  An information and knowledge-based economy?

How close are we to drifting into a higher-tax, heavily-regulated, less dynamic, federally managed State of affairs?

Nationalized and potentially socialized health-care?

Take him to Detroit:

———————–

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’

From The Detroit Free Press: ‘DIA’s Art Collection Could Face Sell-Off To Satisfy Detroit’s Creditors’

Full piece here.

The city’s finances are worse than realized, the corruption deeper, the rot more thorough, leaving many interests still unwilling to face bleak reality.  It’s been a long, slow decline, and it may come down to hawking the city’s art collection:

‘The DIA is unusual among major civic museums in that the city retains ownership of the building and collection while daily operations, including fund-raising, are overseen by a nonprofit institution.’

Many collectors who donated to the museum have put restrictions on their donations, so if it gets that far along there will be much confusion as to what can and can’t be sold, and where the proceeds would go.

Detroit’s industry is gone, and unlike New York City, which still has a diversified portfolio and a tax base to squeeze during tough times, Detroit has virtually nothing to fall back on.  It’s a ghost town:

“New York went into receivership, (and) nobody forced it to sell Central Park,” Nowling said. “We’re certainly going to make that argument that they’re jewels of the city that are just inherent to the city itself that we need to have. But people need to be prepared.’

Be prepared.

Detroit’s not too big to fail, the argument a delegation of mayors pleading to the Federal Government and the Ford Administration made for the Big Apple back in 1975:

————

Perhaps this is why Mayor Bloomberg got so angry recently when the taxi deal got blocked. The budget he’d prepared relied on similar gimmicks. Even NYC can probably only placate some voting blocs for so long with limited revenue.

***As for budget gimmicks on the national level, green schemes and union deal failures have been swept quietly under the rug.  Our deficits are getting scary.  Unemployment remains high.  Our politics remains deeply partisan, and by many appearances, nearly dysfunctional at the moment.

Addition: As a reader points out, the NY metro area is growing.  Yes it’s growing, but its politics is badly in need of updating, and like other major American cities, has its share of patronage, rot, and cronyism.  It is a world city as well.

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

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

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’

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.

Via Youtube: Ric Burns—New York: A Documentary Film – Episode One: The Country and The City (1609-1825)

A museum industrial complex…more complexes…who are the people museums should be serving? James Panero At The New Criterion: ‘Time to Free NY’s Museums: The Met Responds’