Our Pick
Posted on @rawstates
Detroit files for bankruptcy
July 18, 2013
Detroit, Michigan
CC0 · Wikimedia Commons
The largest municipal bankruptcy in American history, with $18 billion in debt and a population down from 1.85 million to 700,000. Creditors moved on the DIA's collection. Foundations and the state assembled the Grand Bargain that saved the art and cut pension losses.
That was 1 of the hidden places.
Location: city-level
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