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Caitlin Devitt

Recent Stories From this Author

Moody's Downgrades Detroit COPs Amid Low Recoveries
October 21, 2014 Moody's Investors Service dropped its rating on Detroit's $1.5 billion of certificates of participation to C from Ca, saying...

Detroit Judge Questions Orr on Land Value in FGIC Deal
October 21, 2014 More details on Detroit's crucial settlement with bond insurer Financial Guaranty Insurance Co. emerged Tuesday, while...

Ruling on Detroit Bankruptcy Set for Early November
October 20, 2014 U.S. Bankruptcy Judge Steven Rhodes is set to rule on Detroit's bankruptcy late in the first week of November, likely putting...

Michigan Gears Up for $195M Payment to Bankrupt Detroit
October 20, 2014 A Michigan authority created to oversee the disbursement of nearly $200 million of state aid to bankrupt Detroit held its...

Detroit's Convention Center Selling $300M This Week
October 17, 2014 Detroit's convention center is hitting the market Wednesday with $300 million of bonds that marks its first public offering...

Wayne County Likely To Restart Bond-Financed Detroit Jail Project
October 17, 2014 The board of Wayne County, Mich. has rejected a plan to move a half-built abandoned jail site in downtown Detroit, making it...

Riverfront Property Key as Detroit Nails Deal with FGIC
October 16, 2014 Detroit reached a settlement with FGIC, the last major holdout creditor in its bankruptcy case, that gives the bond insurer a...

Former NYC Budget Director Named Detroit Deputy Mayor
October 16, 2014 Detroit Mayor Mike Duggan hired former New York City budget director Carol O'Cleireacain as a deputy mayor. She will find new...

County to Decide Fate of Bond-Financed Detroit Jail
October 15, 2014 Officials in Wayne County, Mich., are contemplating the fate of a half-built, bond-financed jail in downtown Detroit that has...

A Sign of Better Days for Michigan Local Governments
October 14, 2014 Though Michigan's largest city remains mired in a historic bankruptcy, fiscal conditions appear to be improving for many of...


Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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