DETROIT (WKZO) -- If Detroit’s Emergency Manager didn’t have the attention of the City’s Creditors before, he has it now, after the Motor City has become the largest in U.S. History to file for Chapter 9 Bankruptcy protection.
Ron Kitchens, the President of S.W. Michigan First says its time for him to get to work to do his research and get out the facts that West Michigan is not Detroit.
He says it’s also a lesson learned on just how important it is that local Governments are stable.
At a conference on that issue yesterday morning in Kalamazoo, local leaders concluded they had to work harder at consolidating services and finding new revenue sources to prevent what is happening in Detroit from happening here.
Kalamazoo City Commissioner and former Municipal Law Attorney Bob Cinabro says other towns have gone thru a bankruptcy, but never one as large or as complex as Detroit, and its difficult to comprehend the far reaching and painful consequences.
He says a bankruptcy is more than just a legal strategy, it also carries a social stigma. He just hopes it doesn’t rub off on the rest of Michigan.
Nothing like this has ever happened before, it will be difficult and painful to get through and studied for years.