Is Detroit’s ‘Grand Bargain’ a Template for Distressed Cities?

Detroit’s “Grand Bargain” strategy leveraging civic foundation support during its 2013 bankruptcy and how this unique approach could be a model for other distressed cities facing major pension burdens is discussed by Howard Husock, vice president for policy research at the Manhattan Institute for Policy Research. Husock speaks with reporter Andrew Coen about his new report “The Pension Grand Bargain: A Reform Model for Cities” and how Chicago, St. Louis, Cleveland, St. Louis and Buffalo can benefit from Detroit’s plan (1:43). Husock also touches on if galvanizing charities to address pension liabilities can also be achieved at the state level (7:45) and what changes he has noticed in his more than two decades of public policy research (11:48).