On July 18th, 2013, Detroit, once driven by the success of the Big Three, General Motors, Ford and Chrysler, declared bankruptcy. The former US industrial city was officially released Wednesday, December 10th, with the management powers back to the mayor and city council.
The justice system approved plans to emerge from bankruptcy in early November, the largest in the history of the municipalities in the United States, renegotiating its staggering debt of nearly $8 billion.
“I do want to tell the Michigan message more to the country, of our comeback, because a lot of people don’t recognize what a success we’ve had, what a success Detroit’s becoming. ” said Rick Snyder, the Governor of Michigan, on Wednesday.
“What would Washington be like if everyone agreed not to fight or blame one another,” he added. “There’d be a whole lot of time to get work done.” 
Detroit, a city founded by the French Antoine de la Mothe Cadillac in 1701 and takes its name from its location at the confluence of the Great Lakes and St. Lawrence River, has been experiencing a sharp economic decline resulting in entire neighborhood abandonment and large rates of crime, single handedly becoming the symbol of the 2008 financial crisis.
Part of the funds released by this debt reconstruction will include the rehabilitation of urban infrastructure. The city suffered a giant power outage that had knocked out power to schools, hospitals and prisons in early December. To prevent further outages, the finances of the city will now be under the control of a committee composed of representatives of Michigan.
Many are claiming that while Detroit is out of Bankruptcy, they aren’t out of the woods. Many other states haven’t even come close to the amount of infrastructure, crime and blight issue rates as this, and few have seen worse financial situations.
“The governor has been a prince, from my perspective,” Kevyn Orr, the emergency manager of Michigan, said. “He kept his word on everything we ever discussed. He was the one most stable relationship I’ve had in this whole thing. He was the one weekly meeting I looked forward to.” Orr stated in a press release that he looks back on his term with a bitter sweet view. He’ll be stepping down from a difficult time as emergency manager and the face of the state is likely in a worse state than it was when he took it, though one couldn’t post the blame on any single entity.