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Volume 76 – Number 46

July 24-30, 2013

michiganchronicle.com

CITYVOTE A Community Voter Information Guide to the City of Detroit’s August 6 Primary Election

In this week’s edition, the Michigan Chronicle’s special voters guide, “CITYVOTE.” And be sure to vote on Aug. 6.

BANKRUPTCY Detroit’s financial reckoning is here

WHAT’S INSIDE Mayor candidates discusss their qualifications (Page A-3) Mike Duggan and Fred Durhal Jr. both believe they are the right man to become the next mayor of Detroit, at one of the most crucial and complex times in the city’s history. They explain the whys and wherefores of their candidacies.

Belle Isle Summer Saturdays kicks off (Page A-5) The Belle Isle Conservancy, in partnership with the Detroit Recreation Department, is launching a new program, Belle Isle Summer Saturdays (BLISS, to bring new energy to one of metro Detroit’s most popular parks.

Meijer opens its doors and its heart to Detroit (Page B-1) Meijer Co-CEO Mark Murray hopes Detroit residents will embrace his company’s commitment to offer the best products, prices and people in the market today.

Comerica Bank expands annual Shred Day (Page C-1) On a recent Saturday, Comerica Bank teamed up with Iron Mountain Incorporated and CBS Detroit to host its sixth annual free community Shred Day to help metro Detroiters fight against identity theft. The response was overwhelming.

GOVERNOR RICK SNYDER and Detroit emergency manager Kevyn Orr announced last week that the city is in chapter 9 bankruptcy, making Detroit the largest municipality in U.S. history to file for bankruptcy. – Andre Smith photos

By Bankole Thompson CHRONICLE SENIOR EDITOR

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ichigan Gov. Rick Snyder took an unprecedented move last week, authorizing Detroit emergency manager Kevyn Orr to place the state’s largest city into chapter 9 bankruptcy protection. In doing so, Detroit became the largest municipality in U.S. history to file Bankole Thompson for bankruptcy, a move that has wide-ranging ramifications in the face of assurances that this is the best solution for the city. At issue right now is the legitimacy of the bankruptcy filing by Orr who is being accused by pensioners and creditors of not negotiating in good faith in addressing the city’s $18 billion legacy debt.

Gilbert vows stronger support for Detroit

By Bankole Thompson CHRONICLE SENIOR EDITOR

BANKOLE THOMPSON (right), editor of the Michigan Chronicle, sits down with Detroit emergency manager Kevyn Orr and Michigan Governor Rick Snyder during an exclusive interview after the announcement of Detroit’s chapter 9 bankruptcy. Federal Judge Steven Rhodes, who has been selected to hear the bankruptcy case, will hold a hearing this week on the good faith negotiation claim. Orr and Snyder vehemently denied the accusations this week in my sit-down interview with both men following their announcement of the chapter 9 filing. They both

insisted that the bankruptcy move is to salvage Detroit from its economic crisis. “We’ve gotten here after 60 years and how many times, if you look back, could you say something should have been done,” Snyder said. “I just want to make it crystal clear

See BANKRUPTCY page A-4

As local and national political leaders as well as pundits take shots at who and what is to blame for the bankruptcy of a major American city like Detroit, the business leadership in the city is pledging stronger support of the Motor City following news that Detroit filed for bankruptDan Gilbert cy on July 18, becoming the largest municipality in U.S. history to seek chapter 9 protection. Emergency manager Kevyn Orr

See GILBERT page A-4

Obama pushes bipartisan student loan deal: A win for students

Nick Cannon: A man of many talents (Page D-1)

“Helping more of our young people afford college should be at the forefront of American’s agenda. It shouldn’t be a Democratic or a Republican issue.” — President Barack Obama, University of Colorado-Boulder, April 24, 2012

cal undergraduate $1,500 over the life of those loans.

The plan allows borrowers to benefit from the low interest rates currently available in the marketplace and guarantees that borrowers are able to lock in these rates over the life of The Obama administra- their loans. In the future, fixed tion has called on Congress to rates would be determined swiftly pass a bipartisan com- each year by market condipromise to keep student loan tions, helping ensure that borinterest rates low this year. rowers’ rates are more in line The bipartisan compromise, with the government’s own which is similar to a plan pro- cost of borrowing, while capposed by the president in the ping how high rates can rise. spring, will cut rates on all new The plan also represents a reloans this year and save a typiSee LOANS page A-4

Actor, television host, rapper, comedian, radio host. Nick Cannon does it all. “The only people who achieve goals are the ones who go after them and don’t take no for an answer,” he said. MARVIN BEATTY, Detroit developer and civic leader, discusses Meijer opening its first store in Detroit and why it is crucial for African-American developers to be engaged in the economic revitalization of the city. – Andre Smith photo

Beatty speaks out on Meijer’s Detroit commitment By Donald James SPECIAL TO THE CHRONICLE

$1.00

Of late, there have been countless news stories emanating from Detroit that have focused on the city’s bankruptcy and other municipal woes. However, all news stories about the city are not doom

and gloom. On Thursday, July 25, Meijer made great news by cutting the ribbon on its first Detroit store, much to the delight of Detroiters, who for decades, have been shut out of national retail shopping within the city limits. See A3 for story.

Interview with Detroit mayoral candidate Mike Duggan. See page A-3.

Interview with Fred Durhal Jr., candidate for Detroit mayor. See page A-3.

Read special interview with Mark Murray, co-CEO, Meijer. See page C-1.


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