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If the bonds are approved in March, the junk-rated city plans to issue $250 million of new money, unlimited tax general obligation bonds in 2020.
September 17 -
The Detroit Water and Sewerage Department is promising a five-year, $500 million capital program to upgrade water and sewer pipes.
June 27 -
If approved, the junk-rated city would issue $200 million of new money unlimited tax general obligation bonds in the summer of 2020.
May 31 -
The city announced that it has acquired 200 acres of land as part of its deal to land a new assembly plant.
May 23 -
Chief Financial Officer Dave Massaron said Detroit will work with Public Resources Advisory Group to build more robust investor relations as it looks to build out its debt model.
May 10 -
Detroit approved its first budget after leaving state oversight and city officials say they will get its ratings back to investment grade.
April 16 -
Detroit CFO says it's on track to exit state oversight without the need for legislative actions.
April 5 -
Developments in Detroit's auto industry give the city an edge over other Midwest cities, according to Moody's Investors Service
March 7 -
At BB-minus, the city remains three notches below investment grade. A changed rating methodology for priority-lien revenue debt also pushed $430 million of bonds to speculative grade.
February 7 -
Detroit Mayor Mike Duggan will name a permanent replacement for the departing John Hill in the spring.
December 21