Rick’s Pick

Snyder announces emergency manager for Detroit, won’t reveal candidate.

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March 4, 2013, 4:49 a.m.

Gov. Rick Snyder (R) an­nounced Fri­day that he would ap­point an emer­gency fin­an­cial man­ager for De­troit, but did not name his can­did­ate. Snyder: “I look at today as a sad day, a day I wish had nev­er happened in the his­tory of De­troit, but also a day of op­tim­ism and prom­ise.” (De­troit Free Press)

Snyder, on his can­did­ate: “It’s a per­son who has been suc­cess­ful in terms of us­ing in­ter­per­son­al skills in a very, very chal­len­ging situ­ation that in­volves many dif­fer­ent con­stitu­en­cies or dif­fer­ent groups. … It’s a per­son that has ex­tens­ive fin­an­cial and leg­al back­grounds that doesn’t need to get up to speed in terms of the chal­lenges and is­sues about deal­ing with long-term li­ab­il­it­ies and tax is­sues or get­ting up to speed with the facts of this situ­ation. And it’s someone who’s got a track re­cord of mak­ing de­cisions.”

“Snyder didn’t name the can­did­ate be­cause the city has a win­dow of 10 days to ap­peal his de­cision that De­troit is in a state of fin­an­cial emer­gency.” (De­troit News)

State Sen. Cole­man Young (D), whose fath­er was may­or of De­troit from 1974-1993: “This is go­ing to be a night­mare. This is go­ing to be tra­gic. I just think they’re go­ing to go in there and sell off all our as­sets. We’re not go­ing to have any­thing left. And if you sell off the as­sets, we’re still go­ing to be in debt.” (Bloomberg)

De­troit News ed­it­or­i­al­izes: “Rad­ic­al in­ter­ven­tion is the an­swer. … Real­ist­ic­ally, an emer­gency man­ager is the most ef­fi­cient way to ad­dress the city’s press­ing needs.”


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