Hoping to show creditors that Detroit is simply in no position to even pay the $11.449 billion it owes, emergency manager Kevyn Orr planned to take some of them on a bus tour of parts of the city not likely to make a Fast Company profile about downtown's comeback.
The plan was to shuttle about 25-40 creditors around Wednesday on a DDOT bus, but Orr had to cancel the trip because so many participants backed out.
According to Orr spokesman Bill Nowling, they were afraid of being photographed.
Detroit News: 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.
“The creditors are pulling out — they don’t want their pictures taken,” Nowling said.
Also, they probably resented the idea of riding public transportation like common proles, interacting with poor people who are not directly in their employ, and really, being this deep into flyover country.
I mean, really, Michigan. If your rents are this low, how does the co-op board keep out the undesirables?
