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This is exactly what Mayor Dave Bing, a former basketball Hall of Famer and businessman, is proposing.
FORBES: If Detroit Were A Tree, What Kind of Tree Would It Be?
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Detroit Mayor Dave Bing, the 69-year-old former NBA star, says he will not seek another term in office.
FORBES: Dave Bing Will Not Seek Another Term As Detroit Mayor
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But we begin the program today with the mayor of Detroit, Dave Bing.
NPR: Detroit Mayor Dave Bing On City's Crisis
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"Right now, it's all about survival, " says Dave Bing, the mayor of Detroit.
FORBES: Magazine Article
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Mayor Dave Bing and the City Council are consumed with trying to stave off imminent bankruptcy or a takeover by state government.
FORBES: Detroit's Innovative Survival Plan Is A Model For The World - But Will It Work?
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Penske was a driving force behind the three-day event (June 1-3), and he received numerous accolades from the sponsors, drivers, and Detroit Mayor Dave Bing.
FORBES: Move up http://i.forbesimg.com t Move down
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So, we're pleased to start the program today with the mayor of Detroit, Dave Bing, and we are both here in member station WDET in Detroit.
NPR: Detroit Mayor Dave Bing On City's Crisis
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Jevonsha Johnson, 28, said she wants Orr to keep in place efforts under Mayor Dave Bing to level as many of the city's 30, 000 or more vacant houses as funds allow.
NPR: Detroit Manager To Listen, Then Assess Priorities
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And then last week, in a slightly surprising (but not altogether shocking) turn, the Mayor, Dave Bing, and the U.S. Department of Transportation decided to axe the project in favor of a new fleet of buses.
FORBES: Detroit Spikes Light-Rail Project, Strains Ties With Private Boosters
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"If, in fact, the appointment of an emergency financial manager both stabilizes the city fiscally and supports our restructuring initiatives which improve the quality of life for our citizens, then I think there is a way for us to work together, " Mayor Dave Bing said in a statement.
WSJ: Governor to Appoint Financial Overseer for Detroit