Detroit's Comeback?

Reports the WSJ: 

Mr. Orr's plan will free up more than $100 million annually for revitalization. New police chief James Craig has already implemented new IT systems that have contributed to a 14% year-over-year decline in homicides. More than 3,200 streetlights have been replaced, with about 50,000 new installations planned by the end of 2015. New mayor Mike Duggan and the city council have formed a land bank to clear blight and intend to cut property tax bills by 5% to 20% this year.

Bankruptcy is also renewing public confidence and helping spur business investment, which is critical to expanding growth from the booming downtown out. Racial tensions have receded.

Of course, the Obama Administration is going to try to take credit because they've waved millions in the city's face. But true credit goes to Governor Snyder, first, and Kevyn Orr. They've teamed up to start Detroit back on the (long) road to recovery.