(adsbygoogle = window.adsbygoogle || []).push({}); Motor city has moved into the pit stop to start the process of chapter 9 bankruptcy. After months of trying to break a deal it has sent a request to the courts.
Detroit is not the only city to have done this but it by far the biggest one yet. Coming in at number 18 in terms of population it still a big city. Adding to the city great history is the fact it becomes biggest municipal bankruptcy in U.S. history.
Of course Detroit is not alone other cities have gone down this path due to the 2008 crisis along with poor management of financials matters. Detroit was pretty much going to hit the wall sooner or later. For people who are curious Jefferson County, Alabama was the biggest at $4 billion. Detroit has smashed that record being in $20 billion debt.

So what caused Detroit to fall from grace.
Detroit’s population has declined 63 percent from 1953. 1.8 Million to 700,000.
Unemployment at 18.6 percent , 50% of the work force is not working who are over the age of 16.
Per capita income is just $15,261 per year, meaning not much tax.
High crime rate
78,000 buildings are abandoned or blighted with 12,000 fires per year.
Property values are low , less people pay tax as a result.
Bad governance for decades.
$20 Billion debt

Things are looking up Detroit the motor industry is slowly coming back, tech companies are moving in. People are slowly coming back as a result parts of the city are being repaired. So who knows Detroit may become a driver of growth in the area once again after year of decline. New york after all in the 1970s almost faced doing this but was able to avoid and become a key city.

It's a dump of a city anyway, inb4 ghost town and new military training site.

So... I live about an hour away from Outsider...