Top Obama administration officials are winging their way to Detroit on Friday and bringing major cash and muscle to bring the city back.
It's not a blank-check bailout but they have hundreds of millions of dollars in grant monies, a lot of which the city hasn’t been able to access because it’s been out of compliance. An audit done at the request of Emergency Manager Kevyn Orr shows the city gets nearly $300 million a year in federal grants, almost all of which are out of compliance in order to get the monies.
The feds are vowing to help get those and new monies to where they are needed most, including $150 million for blight, $30 million for public safety and $140 million for public transportation. Plus, they’re sending people here with technology expertise to clean up city services.
The cavalry is coming with cash in hand. President Obama’s National Economic Council Director Gene Sperling made it clear they aren’t here to help with bankruptcy but to help with revitalization.
"What’s going to be significant about tomorrow is that you’re going to see not only myself from the White House and three cabinet members, you’re going to see the governor, the mayor the emergency manager, key business leaders, foundations, who are all coming together; announcing various partnerships, tangible partnerships, with resources to be part of Detroit’s revitalization," he said.
What are some of those tangibles here? -- $25 million dollars for 150 new firefighters. Some of the monies announced Friday are new, and some the city has qualified for but because it was out of compliance could not access.