Irvin Reid: Detroit needs an emergency manager
Irvin D. Reid, a member of the Financial Review Team for Detroit, Wayne State University president emeritus, Eugene Applebaum chair and business professor, opines about the need for a financial manager in the city. He writes: “Detroit’s leaders are fiddling while the city burns. We are collapsing under the weight of debt created by legacy costs, uncollected revenues and bloated payrolls for too many city workers for a population only 40 percent of its size just 15 years ago. Detroit still has a footprint designed to serve that former population, but a third of the city is vacant.”
