Kevyn Orr

6:28 am
Wed December 10, 2014

Snyder Declares Detroit's Financial Emergency Over

Lead in text: 
A hearing is scheduled for Monday to determine when Detroit will exit bankruptcy
Detroit - Gov. Rick Snyder has accepted a recommendation from Detroit's emergency manager that the city's financial crisis has ended and it should emerge from receivership. The governor, in a Tuesday letter to Kevyn Orr, said he will terminate Orr's appointment and announce during a Wednesday news conference that the financial emergency in Detroit is officially over.
6:19 am
Fri September 26, 2014

Emergency Manager Stays on, but Power Restored to Detroit Elected Officials

Lead in text: 
Orr will remain Detroit Emergency Manager until bankruptcy process is completed
Detroit — City Council members unanimously approved a resolution Thursday that transfers power back to Detroit's elected leadership while keeping the emergency manager in place through the remainder of the city's bankruptcy.The agreement, revealed late Thursday, comes following marathon closed-door talks over Kevyn Orr's next duties that spanned about 16 hours over three days.
5:03 pm
Fri May 16, 2014

Detroit Retirees Almost Agreed to Try to Force KIA Art Sale

Lead in text: 
The proposal fell apart a few months ago after the state stepped in.
Detroit retirees nearly joined with creditors last fall to try to force the sale of the Detroit Institute of Arts' masterpieces and other assets, but a pledge of millions from the state persuaded retirees to abandon the plan, according to interviews and confidential documents obtained by the Free Press.
7:29 am
Wed May 14, 2014

Detroit Emergency Manager Says State Money Needed for "Grand Bargain"

Lead in text: 
Local and national foundations have agreed to contribute $366-million if settlement is reached
Detroit emergency manager Kevyn Orr on Tuesday pleaded with Lansing lawmakers to kick in $195 million in upfront cash as part of a 'Grand Bargain' to help resolve the city's historic Chapter 9 bankruptcy - while some of city's largest creditors devised strategies to block the fund meant to shore up pensions and protect DIA art from being sold to pay off debt.
5:24 pm
Fri April 18, 2014

Future of Detroit Art Collection Still in Question

Lead in text: 
Bondholders and other Detroit city creditors could still press for a sale of the Detroit Institute of Arts' works.
Experts said that even in the wake of tentative agreements between the city and Detroit retirees and pensioners, the bondholders and others pushing hard for a sale of art still have viable legal arguments. It's therefore too early to predict whether or not Detroit's emergency manager might still be pressured into putting DIA art back on the table, they said.