Thursday, February 07, 2019

Detroit gets double the good news

A new day in Detroit | Photo by Frank Nemecek
Detroiters got two pieces of good news today. Both of which point to continued recovery for the Motor City.

First, Standard's & Poor's announced that they raised the City of Detroit's credit rating. The credit agency said in part “Detroit is demonstrating the ability to meet its budget demands, while also providing a strong reserve cushion against unexpected events or stagnating revenues,. They went on to add that Detroit “must continue investing in public infrastructure and economic development initiatives” to help stabilize its population and tax base.

I know simply from being in this neighborhood that things are getting better in Detroit on a slow but steady basis. Regardless, it's exciting to have an international agency like Standard's & Poor's confirm what I have been telling everyone for some time now.

More details about the improved credit rating for Detroit is available here.

The second piece of good news came from the Detroit Fire Department. They confirmed that 2018 saw the lowest number of structure fires in our city since the 1960s. This was a 42% drop in fires since 2014.

The Detroit News has more on this drop in structure fires on their website.

There are a lot of people who have put an enormous amount of work into making these two things happen. I thank each and every one of them and look forward to more great things for Detroit in the near future.

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