10 Biggest Dilemmas Detroit Has to Face
Here are 10 problems faced by Detroit, which has declared bankruptcy.
July 19, 2013 — -- intro:
Detroit became the largest city to file for bankruptcy on Thursday. While Michigan's governor and Detroit's mayor say Detroit has a chance to emerge stronger from this, the city has a number of challenges ahead of it.
quicklist:title: The city's unfunded liabilities top $18 billion.text:
quicklist:title: The city owes money to over 100,000 creditors.text:
quicklist:title: Nearly 80,000 buildings have been abandoned and many are unsecured.text:
quicklist:title: Population of Detroit has fallen from 1.86 million in 1950 to 700,000 today.text:
quicklist:title: Some 47 percent of properties are delinquent in paying their taxes.text:
quicklist:title: Police take an average of 58 minutes to respond to calls.text:
quicklist:title: Only 8.7 percent of violent crimes are solved and Detroit has the highest crime rate in US of large cities.text:
quicklist:title: Manufacturing jobs in the city have slid from a peak of 200,000 to just 20,000 today.text:
quicklist:title: Only 7 percent of the city's eighth graders are proficient in reading.text:
quicklist:title: The city manager says its retirement system is underfunded by $3.5 billion.text: