Today is a big day in the bankruptcy proceedings for the city of Detroit.
Votes are due from creditors on whether to approve the city's restructuring plan. The Detroit Free Press reports the results of those votes should be made public in about 10 days.
In the meantime, you can expect plenty of think-pieces reflecting on the anniversary of the bankruptcy filing, and what it all means.
Aaron Foley, of Gawker Media, officially fired the starting pistol yesterday, with a piece that began:
Get ready, folks! It's time for another progress report on America's most forlorn and depressed city, now even deeper in the throes of bankruptcy than ever before.
July 18 marks the day Detroit filed for bankruptcy, which means you'll likely be inundated with one-year anniversaries on the topic in the next week. The Freep's going to do it. The News is going to do it. Rumor has it you're going to read about it in The New York Times Sunday magazine this weekend. So we decided to get our analysis out a little early.
Foley's take is worth a read, if for no other reason than that he actually lives in Detroit, which is often not the case with other journalists writing about the city (ahem).