Emergency manager: Casino money key to Detroit - KMSP-TV

Emergency manager: Casino money key to Detroit

Posted: Updated:
DETROIT (AP) -

Detroit's state-appointed emergency manager testified that access to casino tax revenues is key to the city staying afloat financially.

Transcripts of Kevyn Orr's Friday deposition were released Tuesday.

An attorney for Syncora Guarantee questioned Orr. The debt insurer had questions about a deal that would let Detroit settle millions of dollars in pension debt with two banks for as little as 75 cents on the dollar.

A judge earlier ruled casino tax revenue can't be withheld from Detroit while the city is seeking Chapter 9 bankruptcy.

Meanwhile, during the deposition, Orr said he has "no plans to use art to relieve the liquidity crisis that the city is in now." Detroit's financial situation has raised concerns about whether the Detroit Institute of Arts' collection might be at risk of sale.

  • Local NewsLocal NewsMore>>

  • Prosecutor to discuss sex-assault allegations against former Tigers pitcher Evan Reed

    Prosecutor to discuss sex-assault allegations against former Tigers pitcher Evan Reed

    Wednesday, July 30 2014 7:27 AM EDT2014-07-30 11:27:48 GMT
    Evan ReedEvan Reed
    Wayne County Prosecutor Kym Worthy plans to hold a news conference to announce the results of the warrant review regarding former Tigers pitcher Evan Reed.
    Wayne County Prosecutor Kym Worthy plans to hold a news conference to announce the results of the warrant review regarding former Tigers pitcher Evan Reed.
  • Attorney wants investigation of city clerk over Arab-American voter suppression

    Attorney wants investigation of city clerk over Arab-American voter suppression

    Tuesday, July 29 2014 11:43 PM EDT2014-07-30 03:43:20 GMT
    It is the tale of two cities. one paints a picture of a meticulous Dearborn Heights city clerk, following the law and fighting for a fair election. The other a story of abuse of power, mishandled ballots and voter suppression.Fatima Abdrabboh is an attorney and Michigan's director of the Arab-American Anti-Discrimination Committee the largest chapter in the country. She is calling for a full-scale investigation into claims that Walter Prusiewicz mishandled ballots from Arab-American voters fo...
    It is the tale of two cities. one paints a picture of a meticulous Dearborn Heights city clerk, following the law and fighting for a fair election. The other a story of abuse of power, mishandled ballots and voter suppression.Fatima Abdrabboh is an attorney and Michigan's director of the Arab-American Anti-Discrimination Committee the largest chapter in the country. She is calling for a full-scale investigation into claims that Walter Prusiewicz mishandled ballots from Arab-American voters fo...
  • Warren grandparents upset after grandchildren see racist graffiti at park

    Warren grandparents upset after grandchildren see racist graffiti at park

    Tuesday, July 29 2014 11:15 PM EDT2014-07-30 03:15:40 GMT
    Tuesday afternoon Bruce and Lubertha Callaway took their grandchildren to Shaw Park in Warren when they saw something they couldn't believe.
    Tuesday afternoon Bruce and Lubertha Callaway took their grandchildren to Shaw Park in Warren when they saw something they couldn't believe.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices