Transcript: Press briefing remarks by Detroit Emergency Manager Kevyn Orr on the Chapter 9 bankruptcy eligible ruling by Judge Steven Rhodes on Dec. 3, 2013

Partial transcript of press conference remarks by Detroit Emergency Manager Kevyn Orr on the Chapter 9 bankruptcy eligible ruling by Judge Steven Rhodes on Dec. 3, 2013:

We are gratified with the court’s ruling today regarding the city’s eligibility to pursue a plan of adjustment under Chapter 9 of the Federal Bankruptcy Code.

While we are very pleased, we remain very concerned about the need to adjust the city’s debt, to improve its level of services for its citizens, and to also prepare for the city to exit this receivership in a fashion that restores democracy to the city.

We have some heavy work ahead of us. But first, I’d like to thank the judge for his thoughtful and reasoned opinion as well as thanking his clerks and his staff who clearly spent a lot of time going through the record, analyzing the arguments, and preparing a very meticulous ruling in this regard.

We’re also pleased that we’re able to make some headway even in this process on revitalizing city services, putting in a new solid waste contract, getting the lights initiative restored, helping the new police chief drive down crime, and otherwise reinvent and revitalize this city so that it can address the many concerns that have been coming this way for so long.

But as I said before, we have a lot of work ahead of us and what I would ask both our creditors – none of whom, by the way, filed an objection to our eligibility – but, equally important, our labor partners to come forward with us and to take this opportunity even in the process of litigations and appeals to try to get at the sorely-needed reforms that this city has got to achieve so we can move forward into a new day. And we can prepare, hopefully, a consensual plan of adjustment and be able to remove the receivership over this city so they can grow and thrive.

With that, I’d be happy to take any questions.

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