It probably came as a surprise to no one that Michigan Gov. Rick Snyder today announced his intention to name an emergency financial manager to run Detroit, citing the city’s runaway deficits and no indication that elected officials can solve the problem on their own.
In a Town Hall-style meeting, Snyder said he had someone in mind for the job, but would not name that person until after a 10-day appeal period is over. A hearing for a possible appeal has been set for March 12.
“I look at today as a sad day, a day I wish had never happened in the history of Detroit, but also a day of optimism and promise,” Snyder said.
Some residents view the appointment of an emergency manager as a hostile takeover of their city, but after decades of decline, there doesn’t seem to be any alternative.