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Mayor Bing Announces AAA Michigan Support for Fire Equipment

Breaking News - Original 05-16-2013 Hits:222 Cathy Nedd - avatar Cathy Nedd

Mayor Bing Announces AAA Michigan Support for Fire Equipment

    Detroit Mayor Dave Bing announced today that AAA Michigan will donate $23,500 to the Detroit Public Safety Foundation to pay for the inspection of 20 aerial ladders and 4,600 feet of ground ladders used by the Detroit Fire Department (DFD).  The gift is the latest in a recent series of recent corporate donations in support of the City of Detroit’s public safety operations.   “Once again, one of Detroit’s corporate citizens has come forward and generously shown its support for our public safety operations, our first responders and our citizens,” Mayor Bing said.  “The proper inspection of our fire department’s aerial ladders and ground ladders was a critical need that AAA Michigan has graciously met.  I appreciate the leadership and continued concern for public safety that AAA has demonstrated with this gift.” "Our history of supporting the community dates back nearly a century," said AAA Michigan President Steve Wagner.  "We are very pleased to present the Detroit Fire Department with this grant, which we know will help save lives."              The ladder inspections are required to keep DFD equipment in compliance with standards of the National Fire Protection Association (NFPA), an independent organization that establishes fire safety codes and regulations for various industries and the firefighting profession.  Detroit Fire Commissioner Donald Austin ordered last February that until a full inspection of the entire ladder fleet is completed, DFD will not engage in manned aerial ladder operations -- unless there is an immediate threat to life.  In cases where a manned ladder must be used, every effort will be made to properly support the ladder.  DFD continues to use unmanned aerial ladders as “water towers” to fight large fires. “We are grateful for AAA’s generous donation,” Commissioner Austin said.  “Aerial ladders can place firefighters 100 feet above ground, often with large amounts of water flowing under high pressure.  Because...

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EFM Report: Detroit Should Get Out of Power Supply Business

Breaking News - Original 05-13-2013 Hits:116 Cathy Nedd - avatar Cathy Nedd

EFM Report:  Detroit Should Get Out of Power Supply Business

  The current state of Detroit’s electricity grid is not only unreliable but a burden to the city and its residents and the maintenance of the public lighting system has cause the city to continue to operate at a loss, according to a new report emergency financial manager Kevyn Orr will release Monday to the public.   The report is coming 45 days after Gov. Rick Snyder named Orr, a Washington DC bankruptcy attorney emergency manager setting in motion the emergency wheels to get the city on the road to financial stability. According to the report the city estimates a $250 million to $500 million in capital improvements that would be needed to modernize Detroit’s public lighting system, funds that the city does not have and cannot generate at this time. “The Emergency Manager believes that it is in the best interest of the citizens of Detroit for the city to exit the power supply business. As of 2010, when the city ceased generating a portion of the electricity it sold, the grid has solely operated as a resale mechanism for its 200-­‐plus customers. The current state of the City's electricity grid has been characterized as unreliable, as well as a liability to the city and its citizens,” the report stated. “. Accordingly, the Emergency Manager seeks both to limit the city's exposure to the liabilities associated with an aging grid and provide a solution to ensure reliable power to the City of Detroit. For this reason, the city's electricity customers will be transitioned to a third party, and the grid will be closed down pursuant to a phased plan.” The Detroit Public Lighting (DPL) department serves over 200 commercial electric customers and about 88,00 streetlights.  The report cites the recently created Public Lighting Authority (PLA) as part of a comprehensive plan to overhaul the city’s...

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Detroit Emergency Manager Defends Use of Consultants in Financial Recovery

Breaking News - Original 05-13-2013 Hits:192 Cathy Nedd - avatar Cathy Nedd

Detroit Emergency Manager Defends Use of Consultants in Financial Recovery

  The criticism that the use of consultants getting paid over a million dollars per month to help craft a financial recovery map for Detroit is baseless according to emergency financial manager Kevyn Orr. Since December of last year, Detroit agreed to pay $14 million to nine different companies to provide financial and legal services in the city’s turnaround. In an exclusive interview with the Michigan Chronicle’s Bankole Thompson ahead of his Monday announcement of a financial operating plan, Orr vigorously defended the city's consultants saying it is disingenuous for some to be questioning use of consultants some of whom were here before his arrival. “I think part of it is Detroit’s been sort of removed from the world. First of all the amount of money that’s paid is actually small relative to other major cities. We shouldn’t be so provincial about the dollars,” Orr said. “We’ve gotten ourselves into a situation where the amount of debt given ordinary course- the way the city has been running- somebody’s got to come in here with a fresh perspective and say we can’t continue running in place, doing what we are doing that’s taken us to the edge of ruin.” Orr said if the city were to shut down today and no police or fire services in operation as well as the water department, the city could not pay of its debt in half a generation. He said the magnitude of work that has to b done in a city that has over 15 billion dollars of debt against a revenue stream of a billion dollars or less requires new fresh eyes. “Frankly in my opinion to have the consultants most of whom were here before I got here and to hear any criticism about consultants that have been here longer than a year helping the city is...

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Bill Proctor retiring after thirty-three years

Breaking News - Original 04-29-2013 Hits:599 Amber Bogins - avatar Amber Bogins

Bill Proctor retiring after thirty-three years

After thirty-three years of being a staple in Detroit media with WXYZ-TV, award-winning reporter Bill Proctor announced his retirement, effective May 10th. Proctor joined WXYZ-TV in May of 1980 as general assignment writer. Throughout his career, Proctor has received numerous accolades, including the 1999 Best Coverage Award for breaking news by the Michigan Association of Broadcasters. Proctor is also the winner of the 1983 "Outstanding Media Award" from Michigan's Crime Prevention Association. A former police officer for the Federal Protective Service in Washington, D.C., Proctor highlighted two or three unsolved crimes during each program, which aired twice a week. Expounding upon his passion for criminal justice, Proctor founded “Proving Innocence” a non-profit organization dedicated to providing investigators to innocent convicts in cases of wrongful convictions in the hopes of proving their innocence and getting the charge overturned. He plans to continue his work with this organization upon his retirement.   Follow Amber L. Bogins @AmberLaShaii

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DDOT bus crash injures several passengers (video)

Breaking News 04-24-2013 Hits:467 Roz Edward, National Content Director - avatar Roz Edward, National Content Director

DDOT bus crash injures several passengers (video)

   DETROIT — A Detroit Department of Transportation bus crashed into a Ford Taurus that ran a stop sign at Evergree south north of Joy in Detroit Wednesday morning injuring several passengers,   No one was seriously injured, said Detroit Police Officer Rickey Townsel. Evergreen Avenue near the crash site south of Joy Road remains closed.   the DDOT bus ended up on the front lawn of a nearby home.   It appears to have struck a tree when veering off the road.    No further details have been released at this time.      

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Ricin suspect freed, marshals say; attorney says he was set up (video)

Breaking News 04-23-2013 Hits:416 Roz Edward, National Content Director - avatar Roz Edward, National Content Director

Ricin suspect freed, marshals say; attorney says he was set up (video)

        (CNN) -- The Mississippi man accused of sending ricin-tainted letters to President Barack Obama and other officials has been released from federal custody, a spokesman for the U.S. Marshals Service said Tuesday.Paul Kevin Curtis, an Elvis impersonator from Corinth, Mississippi, was charged with sending a threat to the president last week after letters containing the poison triggered security scares around Washington. But a preliminary hearing that had been scheduled to continue on Tuesday was canceled and Curtis was released.There is a bond attached to his release, but the conditions of the bond are under seal at this point, said Curtis' attorney, Christi McCoy. She said her client has been framed by someone who used several phrases Curtis likes to use on social media."I do believe that someone who was familiar and is familiar with Kevin just simply took his personal information and did this to him," McCoy told CNN. "It is absolutely horrific that someone would do this." < Curtis was accused of sending letters containing "a suspicious granular substance" to Obama, Sen. Roger Wicker, R-Mississippi; and Sadie Holland, a Justice Court judge in Lee County, Mississippi. The FBI said the substance tested positive for ricin, a toxin derived from castor beans that has no known antidote.The FBI said no illnesses had been found as a result of exposure to the toxin.McCoy called Curtis an activist who is passionate about organ and tissue donation. Her client wants to right some wrongs in that industry, she said."I have a client who is not only not guilty, he is truly 100% innocent," she added. She did acknowledge that he has "a history of some mental issues," but said they are not severe.  

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Dan Gilbert company acquires majority interest in Greektown Casino, offers to buy remaining shares

In a bid to become sole owner in Detroit's Greektown Casino-Hotel, Dan Gilbert's Athens Acquisition LLC, has offered to acquire the remaining shares from Greektown Superholdings Inc. after taking majority control of shares in the casino last month.

In a bid to become sole owner in Detroit's Greektown Casino-Hotel, Dan Gilbert's Athens Acquisition LLC, has offered to acquire the remaining shares from Greektown Superholdings Inc. after taking majority control of shares in the casino last month.

A Dec. 20 acquisition of a large block of Greektown shares by Rock Gaming LLC's Athens is contingent only upon approval of its gaming license by the Michigan Gaming Control Board.

In a letter sent to Greektown Superholdings today, Athens offered to pay $81 per share for the shares it has not already acquired, Greektown said in a statement.

The Greektown board of directors "intends to fully review and investigate the proposal and to explore all strategic alternatives available," the company said.

According to the letter sent to Greektown, Athens purchased a small number of shares in Greektown this summer before acquiring the larger block Dec. 20. Combined, the two blocks of shares give Rock Gaming LLC's Athens an ownership of more than 50 percent.

In the letter, Athens said it believes the proposal provides "significant value for the company's shareholders in light of recent similar transactions and comparable publicly trading companies and also represents a significant premium over recently reported trades in the company's shares."

"We recognize that minority shareholder protection is an appropriate board concern," Athens said. "Accordingly, shareholders who decline our proposal would be entitled to participate in any sale of the company on terms that are no less favorable than those received by Athens Acquisition."

Declining shareholders would also be entitled to the fair market value of their shares in the event that Athens Acquisition obtains ownership of the entire company through a merger, Athens said. In exchange, it "respectfully" requested that Greektown's board terminate the rights agreement that it entered into at the end of December.

On Dec. 31, Greektown Superholdings Inc.'s board of directors adopted a shareholder rights plan, or poison pill, to ward off takeovers.

Although Athens' most recent purchase of shares predated the rights plan that Greektown put in place, and Athens is therefore deemed under the rights plan to be the current beneficial owner of shares representing majority voting power, "we feel that cooperation between Athens Acquisition and the board is the best path toward a solution that benefits all stakeholders," Athens said in the letter.

The deal is subject to approval from the state gaming board, which is scheduled to meet Tuesday. It's not immediately clear whether it will review the deal as early as that meeting.

In an email sent to employees this afternoon, Gilbert, who is chairman of Rock Gaming, referred to "Project Athens," saying: "Just think of all of the possible threads. It's endless.

"Picture a thriving downtown urban casino with an incredible unique entertainment district around it that we grow all the way from Greektown to Campus Martius and then melds into all of the exciting growth and investment that is already taking place up and down Woodward Avenue."

Plans are still in the early phase. But Rock Gaming LLC Chairman Gilbert said he plans to make significant investment in the Greektown Casino-Hotel and the enhancement and growth of the entertainment district.

"We see this unique area extending to Campus Martius and along Woodward Avenue, building on the positive momentum already occurring in the heart of downtown Detroit," he said.

Urban casino development in large Midwest cities has been a primary focus of Rock's investment strategy over the past few years, CEO Matt Cullen said in a release.

Given its substantial focus on downtown Detroit, Greektown Casino-Hotel "could not be more in the epicenter of our business and civic interests," he said.

Rock Gaming teamed with Caesars Entertainment Corp. to develop the Horseshoe Casinos in Cleveland and Cincinnati, and jointly own the thoroughbread race track Turfway Park in Florence, Ky., near Cincinnati.

The two companies are developing a casino in downtown Baltimore, scheduled to open in 2014, and are developing a racino, with video slot machines, at Thistledown Racetrack outside of Cleveland.

Caesars will not be involved with Greektown Casino-Hotel; it is precluded from owning or operating any of the Detroit casinos, given its operation of the Caesars Windsor Hotel & Casino, said Jennifer Kulcycki, communications director for Rock Gaming.

Each of the casinos that Rock and Caesars co-own are located in the city's urban core and include retail and restaurants on the street level as part of their "urban casino" strategy to enhance and interconnect with the downtown, Kulcycki said.

The Horseshoe Casino Cleveland has seen 3.3 visitors since it opened in May, she said. Rock and Caesars are using vouchers to nearby restaurants and other attractions to encourage those visitors to explore the entire downtown rather than just the casino, and they envision the same for Greektown which is already an "urban casino" given its location right off of Woodward Avenue and proximity to nearby restaurants and retail.

"At the end of the day, a high tide raises all boats. Why not make it worthwhile for everyone downtown?" Kulcycki said.

Greektown Casino-Hotel's revenue was $26.6 million in November, down 6.5 percent compared with November 2011. Greektown had 24 percent of the market share in November.

http://www.crainsdetroit.com/article/20130116/NEWS/130119888/dan-gilbert-company-acquires-majority-interest-in-greektown-casino# 

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