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Detroit Deputy Mayor Calls For $137 Million

Detroit Deputy Mayor Kirk Lewis says the city needs to issue more than a hundred million dollars in bonds to execute a turnaround plan and avoid an emergency manager. The City Council voted Tuesday afternoon to borrow 137-million dollars in bonds. Lewis says the bond plan is supported by state officials.

“You know, you cannot do a turnaround without money. And so this is one vehicle to get money. I think that at some point later we’re going to have a discussion with the state to talk about other types of cash infusions to help the city turn around.”

Lewis says he understands some people may be concerned that the bond payments will add to the city’s substantial debt. But he says the cash infusion is necessary to avoid a complete state takeover of Detroit.