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Caitlin Devitt

Recent Stories From this Author

Buyers Found for Detroit Convention Center Debt
October 23, 2014 The Michigan Finance Authority sold $300 million of bonds for Detroit's convention center Wednesday, seeing yields on the...

Detroit Plan Feasible, Expert Tells Bankruptcy Judge
October 22, 2014 The trial on Detroit's debt-adjustment plan adjourned after court-appointed finance expert Martha Kopacz testified that its...

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...


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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