OCP is foreclosing on old detroit city....

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OCP is foreclosing on old detroit city....

Postby roadwarriormfp » Fri Jul 19, 2013 3:53 am

In what seems to be real life mimicking movies...

Detroit City declares bankruptcy, now all we need is for a lrage multinational company to take over and build robocop.

http://www.abc.net.au/news/2013-07-19/d ... cy/4829984

Detroit has became the largest city in US history to file for bankruptcy protection, succumbing to debt of $US18.5 billion ($20.2b).
Detroit by the numbers

411 homicides in 2012
58 minutes for police to respond to calls, compared to 11 mins nationwide
Only one third of the city's ambulances work
40 per cent of the city's streetlights don't work
78,000 abandoned buildings
Population down from 1.8 million in 1950 to 685,000 today
Debt of $US18.5 billion

Once the fourth largest US city, Detroit has seen its population shrink by more than half, from 1.8 million in 1950 to 685,000 today, as crime, flight to the suburbs, and the hollowing out of the auto industry have all eaten away at its foundations.

Thousands of residents left Detroit when the financial crisis hit and without them and their taxes, the city has gone broke. The city has an annual deficit of around $US400 million.

"The citizens of Detroit need and deserve a clear road out of the cycle of ever-decreasing services," Michigan governor Rick Snyder said in a letter accompanying the court filing.
Video: Foreign Correspondent: The decline of Detroit (ABC News)

"The only feasible path to a stable and solid Detroit is to file for bankruptcy protection."

Detroit stopped making payments on some of its $US18.5 billion of debt and obligations last month.

Mr Snyder appointed an emergency manager with a background in bankruptcy earlier this year to restructure Detroit's finances.

He said he had "very much hoped" the move would help the city avoid bankruptcy, but that now it is time to "face the fact that the city cannot and is not paying its debts as they become due, and is insolvent."

He listed a host of problems that prove Detroit cannot meet its obligations to its citizens either.
Long list of problems in crime-hit city
A car drives past abandoned houses in Detroit Photo: There are 78,000 abandoned buildings scattered across the city. (AFP: Jeff Haynes)

The homicide rate is the highest in nearly 40 years, and, for more than two decades, Detroit has been on the list of the most dangerous cities in the United States.

People have to wait an average of 58 minutes for the police to respond to their calls, compared with an average of 11 minutes nationwide.

A lack of funds for maintenance and repairs means only a third of the city's ambulances work and police cars and fire trucks are also in poor condition.

There are 78,000 abandoned buildings scattered across the city, and 40 per cent of the streetlights do not work.

The city's tax rate has reached its legal limit and even if it could raise rates, residents cannot afford to pay more, Mr Snyder said.

Barry Beale owns Shantinique records, one of the city's iconic record stores. He says the city is struggling.

"I don't think anybody really in charge. Nobody seems to have an answer or can get anything done," he said.

The long term effects of the move to file for bankruptcy protection will be felt by the city's current and former employees.

The city's two pension funds are suing over moves to cut retiree benefits; there are claims they are underfunded by $US3.5 billion.

But the city's emergency manager, Kevyn Orr, has moved to reassure the city's remaining residents.

"Services will remain open, paycheques will be made, bills will be paid. Nothing changes from the standpoint of the ordinary citizen's perspective," he said.
We are 100% snafu....
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Re: OCP is foreclosing on old detroit city....

Postby Chase Bansi » Sat Jul 20, 2013 6:37 am

The proverbial question: does art imitate life or does life imitate art?

This does add credence to my theory that sci-fi authors are our modern day prophets.

On the factual side the courts are already stepping in on weather or not this can actually happen, the city owes pensions etc that they just can't walk away from. I'm sure it will take years for this to get straightened out.
Detroit is an industrial ghost town. The automobile manufacturing gold rush has moved elsewhere leaving the population to wither away.
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Re: OCP is foreclosing on old detroit city....

Postby DetritusMaximus » Sat Jul 20, 2013 7:34 am

Think about it, we can come up with nearly a trillion dollars to rescue some companies playing risky games with other peoples money, but what do you think would happen if Detroit asked the federal government for a $20 billion bailout to keep afloat and their emergency services up to date for the safety of 600,000 people?
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Re: OCP is foreclosing on old detroit city....

Postby roadwarriormfp » Sun Jul 21, 2013 1:09 am

sadly Australias manufacturing is almost zero now.
Ford Australia was given death by a thousand cuts... cheap imports, little to no import tarrifs.
Holden will stop the Commodore in a few yrs as well and probably close up shop as well.
We used to have mega iron ore factories here to, now all of our raw materials go overseas and then comes back!

Sadly it seems going "offshore" where labour is 5cents a day and maximising profits is the in thing now.
As for proping up megabanks... dont get me started! lol

Our small city where I live has just 170000 people, yet our debt is now $440MILLION!!!!
We are 100% snafu....
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Re: OCP is foreclosing on old detroit city....

Postby DGSimo » Sun Jul 21, 2013 8:32 am

If your curious as to the landscape of Detroit heres a link with some photos:
http://www.nydailynews.com/news/nationa ... ?pmSlide=0

As a Michigan resident I steer well clear of Detroit though unless I'm packing. I think in the 10 years I've been here I've been to Detroit maybe, twice if that.

Yet ironically enough though people were willing to donate $70,000 for a RoboCop statue that'll be put somewhere downtown...
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Re: OCP is foreclosing on old detroit city....

Postby DetritusMaximus » Sun Jul 21, 2013 9:41 am

It's one of the failures of capitalism. In chasing the dollar (or yen, or lira, or rupee), guided by the ideology that profit is good and maximum profit is godly, our business brothers are unhindered by worries of the local or national impact of their policies and most especially, any sense of responsibility to the communities and municipalities that are heavily invested in those businesses. In the 70's the American automakers really began to compete with products from overseas but somehow expected the new kids to play by the old rules. When that didn't happen their (and many other industries) solution was to make US labor compete with lower cost labor around the globe. You can't do that and at the same time brag about our standard of living. That can't go on forever and something has to give. That something is once again the people. The businessmen made their profits, some have even lost a bit but still retire comfortably, while those that provided the labor and municipal infrastructure to support the industries are left by the wayside with mounting legacy debt and no tax base to support that same infrastructure. And now, as that pidgeon comes home to roost it be laid at the feet of the community leaders for 'screwing it up'.
In one sense, no one is right and no one is wrong. Business and capitalism are quicker and much more adaptable to globalization, our cities are not. Money can move, cities cannot. Money is not our nation (or any nation....except Monte Carlo), but the people are.
The thing so many seem to forget is that the economy (any economy) and money are tools of the people, not the other way around. It is suppose to work for us.
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Re: OCP is foreclosing on old detroit city....

Postby NuffTorque » Sun Jul 21, 2013 1:20 pm

Sounds like detroit is going to be the place to film any future post apoc movies.

By the time they get around to making a MM5, they could film it there.... :D
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Re: OCP is foreclosing on old detroit city....

Postby Peter Barton » Mon Jul 22, 2013 10:42 pm

Detroit is a Mad Max-like urban wasteland full of scroungers looking to murder you if you don’t let them steal your car.


OK, so the rest of the article goes on to explain how Detroit is NOT like that, but the opening paragraph did get me in!

http://www.businessinsider.com/detroit- ... z2ZqdbroVj
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Re: OCP is foreclosing on old detroit city....

Postby kennerado » Tue Jul 30, 2013 6:41 pm

Escape from Detroit.....

There has been talk of Paramount hiring writers to pen another attempt at a new Beverly Hills Cop movie, I say set it in Detriot since Foley was from there anyway. Would be easy to find filming locations and give the city a bit of a boost.
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Re: OCP is foreclosing on old detroit city....

Postby Peter Barton » Thu Aug 01, 2013 2:43 am

kennerado wrote:Escape from Detroit.....

There has been talk of Paramount hiring writers to pen another attempt at a new Beverly Hills Cop movie, I say set it in Detriot since Foley was from there anyway. Would be easy to find filming locations and give the city a bit of a boost.


They're already making films in Detroit, but no Beverley Hills Cop unfortunately...

BURN is a feature documentary about Detroit, told through the eyes of Detroit firefighters, who are charged with the thankless task of saving a city that many have written off as dead.

Firefighters have an up-close view of the best and worst in any city. This is especially true for Detroit. Detroit is a picture of the future of American industrial cities in a post-industrial age: One foot in a prosperous past, with an uncertain next act, struggling to survive in a changing economy.

Since 1950, racial tensions and vanishing industry have cut Detroit’s population in half from 1.8 million, making it a housing market horror story and leaving behind 80,000 abandoned homes.And in Detroit, social problems manifest themselves in one way – FIRE.

The result is a dying city with one of the highest arson rates in the world.

Los Angeles, a city of 4 million people, sees 11 structure fires per day. Compare that to Detroit, which has 713,000 residents and 30 structure fires a day.


http://www.detroitfirefilm.org/
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