State aid and JPMorgan investment: What's next for Detroit? - FOX 32 News Chicago

State aid and JPMorgan investment: What's next for Detroit?

Posted: Updated:
(WJBK) - The Michigan House has approved a plan to send $195 million in aid to Detroit. But the money comes with strings attached. We go over the details of the so-called "grand bargain." Also, the largest bank in the country wants to invest $100 million in Detroit. Is that a noble move or publicity stunt?

On the panel:

Mayor Mike Duggan, Detroit
FOX 2's Andrea Isom
FOX 2 legal analyst Charlie Langton

Then, Fox 2's Charlie Langton takes Let It Rip to the Detroit Metropolitan Wayne Co. Airport and asks Michigan travelers, 'When you travel where do you tell people you're from?'

  • Local NewsLocal NewsMore>>

  • M-1 rail project to begin

    M-1 rail project to begin

    Tuesday, July 22 2014 8:31 AM EDT2014-07-22 12:31:11 GMT
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
    Woodward Avenue in downtown Detroit will soon be shut down for four months.
  • Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Recalled: Fresh fruits sold at Trader Joe's, Costco & Sam's Club

    Tuesday, July 22 2014 7:37 AM EDT2014-07-22 11:37:54 GMT
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
    A California company is recalling fresh fruits nationwide due to possible listeria contamination.
  • Pensioners approve Detroit bankruptcy plan

    Pensioners approve Detroit bankruptcy plan

    Monday, July 21 2014 11:39 PM EDT2014-07-22 03:39:04 GMT
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
    The city of Detroit says workers and retirees have approved pension cuts, a crucial step to emerging from the largest municipal bankruptcy in U.S. history. The city reported results Monday after two months of balloting ended July 11. A judge still must hold a trial to determine if Detroit's overall bankruptcy plan is fair and feasible, but support from retirees is vital.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices