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| Rejecting an appeal by some Detroit leaders, Gov. Rick Snyder of Michigan said Thursday that his administration was proceeding with plans to send an emergency manager to run the state’s largest city, and that he favors a lawyer who worked on Chrysler’s bankruptcy proceedings for the job. |
| “In many respects it’s a sad day,” Mr. Snyder said Thursday afternoonduring a news conference in Detroit, which has been strained by annual cash shortages and $14 billion in long term liabilities even as residents have complained of fading, insufficient services. “But again I like to say it’s an opportunity.” |
| Mr. Snyder said he was recommending Kevyn D. Orr, a Washington lawyer and partner at Jones Day who has focused on restructuring businesses, to become Detroit’s first emergency manager. The governor’s recommendation all but ensures that Mr. Orr, who was part of the team that represented Chrysler in bankruptcy proceedings in 2009, will be chosen. Under state law, a board of leaders from several state departments formally hires emergency managers, and that board was preparing to meet later on Thursday. |
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http://www.nytimes.com/2013/03/15/us/gov-rick-snyder-kevyn-orr-emergency-manager-detroit.html?emc=na |
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