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Business

Detroit recovery plan

Published: 09 Nov 2014 - 12:42 am | Last Updated: 19 Jan 2022 - 06:10 pm

An October 3, 2013 file picture shows Detroit’s Frederick Douglass Homes, the nation’s first public housing project, being demolished with the help of a federal grant. US Bankruptcy Judge Steven Rhodes on Friday approved a plan to get Detroit out of bankruptcy, the largest in the history of municipalities in the United States, renegotiating the city’s massive debt of nearly $18bn.