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Snyder, Orr express optimism about Detroit's future

DETROIT (WKZO) -- Detroit Emergency Manager Kevyn Orr is optimistic that the city's bankruptcy restructuring will get court approval by this fall.

Orr and Michigan Governor Rick Snyder participated Monday in a Manhattan Institute for Policy Research forum on opportunities in Detroit and discussed how the city will function once state oversight ends. The governor told the gathering delivering core services is most important.

The city will ask Bankruptcy Court Judge Steven Rhodes next month to allow retirees, bondholders, and other creditors to vote on whether they support a previously filed plan of adjustment.

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