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Mar 2013
01
March 01, 2013

Street Talk: Motor City: It’s time to pay the piper


Like it or not, West Michigan’s business fortunes are tied to Detroit. So, when one part of the body is injured, other parts feel the pain.

Gov. Rick Snyder declared a state of financial emergency for Detroit that in all likelihood will set off a chain of events that include the naming of an emergency financial manager for Motown and a possible lawsuit by the Detroit City Council.

Detroit’s finances are a mess. But there is hope — maybe — for Big D, according to Tim Horner and Stephen Grow, co-chairs of Warner Norcross and Judd’s Emergency Manager Law Group in Grand Rapids.

Read the rest of the article here.
 
Source: Grand Rapids Business Journal

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