CHICAGO — Michigan Gov. Rick Snyder Tuesday formally declared the city of Allen Park to be in a state of fiscal emergency after denying the city’s appeal last month.

The city, a once-wealthy suburb of Detroit, faces a series of fiscal challenges that are due in part to a failed $30 million bond-financed film studio development. The city’s inability to meet debt service on the 2009 bonds without dipping into its general fund has aggravated its fiscal situation and sparked a series of downgrades into junk-bond territory.

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