Well there is 2.2 million human beings that live in metropolitan Detroit and I feel empathy for them.
$18 billion Detroit’s estimated debt obligations.
$11.9 billion City’s unsecured obligations to lenders and retirees.
$6.4 billion City’s obligations backed by enterprise revenues (Revenue Bonds).
38 cents Of every tax dollar that the city collects goes to service legacy debt and other obligations rather than providing services for the city’s residents and businesses.
$115.5 million Detroit’s negative cash flows in fiscal year 2012.
8% Interest accrued on Detroit’s deferred payment of pension fund contributions.
Over 100,000 Estimated number of Detroit creditors.
22% Reduction in city employees since fiscal year 2010.
1.85 million Detroit’s population in 1952, its highest point.
62% Decline in Detroit’s population from 1950 to 2012.
150,000 Number of manufacturing jobs Detroit lost between 1947 and 1963 as smaller auto makers disappeared and Big Three auto makers move operations to suburbs and out of state.
47% Detroit’s share of US auto sales in 2008.
80% Of Detroit’s manufacturing was lost between 1972 and 2007.
78% Of Detroit’s retail establishments were lost between 1972 and 2007.
735,104 Number of jobs in Detroit for residents and non residents in 1970.
346,545 Number of jobs in Detroit for residents and non residents in 2012.
9.4% Jobless rate in Detroit as of June 2013.
30% Decline in Detroit’s municipal income tax receipts since 2002.
36% Of Detroit’s population lives below the poverty level.
54% Of Detroiters own a home.
16% Of Michigan’s population lives below poverty level.
28% Decline in Detroit’s receipts from utility user’s tax over the last decade.
$1.6 billion Decline in city’s assessed property values over the last five years.
$134.9 million Property tax revenues for city’s 2013 fiscal year.
139 square miles Detroit’s city footprint.
40% Of city’s street lights do not work.
78,000 Number of abandoned structures in Detroit, representing 20% of the city’s housing stock.
210 City parks were closed during fiscal year 2009, reducing its total by 66%.
Source: Alexander Rozens, Bloomberg Brief
And some of the good people of Detroit are stepping up-
http://www.cbc.ca/asithappens/features/2013/07/22/a-gang-of-volunteer-lawn-mowers-are-helping-keep-the-bankrupt-detroits-parks-open/