In the Media Archive
Detroit's stakeholders agree: Financial stability agreement is just the start April 23, 2012
By Ryan Kelly and Nancy Kaffer
The financial stability agreement that sets the course for Detroit's future has been signed, but the real work of reforming the city's broken budget and service delivery is just beginning. To that end, about 150 members of Detroit's business, civic and grassroots communities met today at the Max M. Fisher Music Center to generate ideas for the city and the state in resolving the financial crisis. Marick Masters, professor of business and an adjunct professor of political science at Wayne State University, said money alone will not solve the problems. In the automakers' restructuring, an important piece of the puzzle was a common vision uniting government, union and other community leaders for a desired outcome, Masters said.