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Orr cancels creditors bus tour of Detroit

Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de
Detroit's emergency financial manager Kevyn Orr talks to members of the media outside the Detroit Newspapers building about the report he de

DETROIT (WKZO) -- Detroit emergency manager Kevyn Orr has cancelled a planned bus tour of the city for creditors.

Orr proposed the trip for bondholders and other unsecured creditors from New York and New Jersey after some resisted agreeing to concessions and are instead pushing for the emergency manager to sell city assets.  Originally, 25 people had signed up for the tour, but several cancelled after media attention about the trip began building.

A spokesman for the emergency manager says the creditors would also rather spend the time researching the financial condition of Detroit.

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