Detroit’s bankruptcy settlement will not solve the city’s problems

In December, a federal judge ruled that the city of Detroit’s bankruptcy proceedings could continue, and it is now likely to take years for the city to settle its creditors’ claims. Gary Sands, Laura A. Reese, and Mark Skidmore look at Detroit’s recent history which has been characterized by deindustrialization and depopulation, and public mismanagement and corruption. They argue that even after the city’s bankruptcy is concluded, Detroit’s underlying fundamental structural weaknesses mean that its problems are unlikely to go away.