Orr cancels creditors' bus tour of Detroit
Detroit — Emergency Manager Kevyn Orr on Tuesday scrapped a scheduled bus tour for Wall Street creditors of the city’s worst areas.
Several creditors decided against taking the tour Wednesday and said they would rather spend time researching the city’s financial condition, the emergency manager’s spokesman Bill Nowling said.
Initially, 25 people — mostly bondholders, insurers and other unsecured creditors from New York City and New Jersey — signed up but several have canceled in the wake of media attention and interest in covering the tour. The tour required creditors to sign a waiver indemnifying the city if anyone was injured or killed during the roughly three-hour trip. . . .
http://www.detroitnews.com/article/20130709/METRO01/307090082#ixzz2YhteWOk0
Posts
