Chapter 9, Chapter 9, Chapter 9…

Last Friday, the city’s emergency manager, Kevyn D. Orr, started negotiations with creditors, asking them to accept pennies on the dollar for the $15 billion to $17 billion they are owed. Short of bankruptcy, he says, he has no plans to sell off assets.

But if Detroit does file for bankruptcy, one of the great tragedies (at least, according to the NYT) is that the historical society might have to sell off all or part of its collection of “62 lovingly maintained classic cars”. This collection includes a 1924 two-door Hupmobile, Henry M. Leland’s 1905 Cadillac Osceola, a 1960 Chevrolet Corvair…and an AMC Pacer as well as a 1984 Dodge Caravan.

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