LANSING — Gov. Rick Snyder today named Brad Coulter, who works for a turnaround consulting company , as emergency manager for the city of Lincoln Park. Snyder recently declared a financial emergency in Lincoln Park after city officials requested a… Continue Reading  

Gov. Rick Snyder appointed an emergency manager for Lincoln Park, a Detroit suburb that’s struggled with deficits and rejected an agreement to bring its finances under control. Snyder named Brad Coulter, a 54-year-old Detroit-area finance consultant , to oversee the… Continue Reading  

As published by Deadline Detroit Business My bills are all due and the baby needs shoes and I’m busted Cotton is down to a quarter a pound, but I’m busted I got a cow that went dry and a hen that… Continue Reading  

As published in the Detroit Free Press A fascinating new chapter in Detroit’s storied history of labor-management showdowns is about to unfold over the next few weeks, as the city presses pensioners and other key parties to accept terms that… Continue Reading  

For some domestic steel buyers, it is now cheaper to purchase steel from China than from Pittsburgh. The reason: a near-record spread between the prices for almost all kinds of steel in the U.S. and steel prices everywhere else. The… Continue Reading  

As published in The Detroit News The winner of today’s Detroit mayoral election will need to cool the rhetoric to get any power in city operations, say experts who have been watching developments in the city. Wayne County Sheriff Benny… Continue Reading  

As heard on WWJ News Radio SOUTHFIELD (WWJ) – There’s a new tool to help Michigan school districts determine the state of their financial health. Michigan-based Munetrix has developed a rating system ranking districts from zero for low risk, up… Continue Reading  

As published in The News-Herald AUBURN HILLS — The Big Three automakers, including Auburn Hills-based Chrysler Group, say Detroit’s Chapter 9 bankruptcy filing will not affect their business. All three businesses released statements showing their support for the cash-strapped city…. Continue Reading  

As published in The Detroit News The parent company of the firm that runs the U.S. side of the Detroit-Windsor Tunnel filed for Chapter 11 bankruptcy Thursday. The filing reignited a spirited defense by the city of Windsor, which owns… Continue Reading  

The spigot has been opened for a new regional authority to take over the Detroit Water and Sewerage Department. Emergency Manager Kevyn Orr and his consulting team on Friday released a restructuring report detailing, among other ideas, plans for a… Continue Reading