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Detroit Financial Crisis

'Motor City' becomes the largest in US history to file for bankruptcy. Check out some history of the city's struggle. (7/18/13) Gallery created by: KFI AM-640

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    Downtown Detroit is seen through a window February 21, 2013 in Detroit, Michigan. A Detroit Financial Review Team issued a report on February 19, that concluded a financial emergency exists in the city of Detroit. Michigan Gov. Rick Snyder has 30 days to decide on a plan to help the financially strapped city. (Photo by Bill Pugliano/Getty Images)
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    Michigan Gov. Rick Snyder points to a chart during a media roundtable to discuss Detroit's financial crisis February 21, 2013 in Detroit, Michigan. A Detroit Financial Review Team issued a report on Tuesday that concluded a financial emergency exists in the city of Detroit. Snyder has 30 days to decide on a plan to help the financially strapped city. (Photo by Bill Pugliano/Getty Images)
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    Kevyn Orr, Detroit's Emergency Manager, holds his first public meeting since being appointed to the position in March by Michigan Gov. Rick Snyder at Wayne State University June 10, 2013 in Detroit, Michigan. Orr discussed the preliminary Financial and Operating Plan he submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    Kevyn Orr, Detroit's Emergency Manager, holds his first public meeting since being appointed to the position in March by Michigan Gov. Rick Snyder at Wayne State University June 10, 2013 in Detroit, Michigan. Orr discussed the preliminary Financial and Operating Plan he submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    People listen to Kevyn Orr, Detroit's Emergency Manager, hold his first public meeting since being appointed to the position in March by Michigan Gov. Rick Snyder at Wayne State University June 10, 2013 in Detroit, Michigan. Orr discussed the preliminary Financial and Operating Plan he submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    Kevyn Orr (R), Detroit's Emergency Manager, holds his first public meeting since being appointed to the position in March by Michigan Gov. Rick Snyder at Wayne State University June 10, 2013 in Detroit, Michigan. Orr discussed the preliminary Financial and Operating Plan he submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    A group opposed to the appointment of an Emergency Manager for Detroit, as well as to his plans for the city, protest a public meeting held by Kevyn Orr, Detroit's Emergency Manager, at Wayne State University June 10, 2013 in Detroit, Michigan. The meeting was held to discuss the preliminary Financial and Operating Plan Orr submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    A group opposed to the appointment of an Emergency Manager for Detroit, as well as to his plans for the city, protest a public meeting held by Kevyn Orr, Detroit's Emergency Manager, at Wayne State University June 10, 2013 in Detroit, Michigan. The meeting was held to discuss the preliminary Financial and Operating Plan Orr submitted to the Michigan Department of Treasury to deal with the City of Detroit's financial crisis. (Photo by Bill Pugliano/Getty Images)
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    Michigan Gov. Rick Snyder speaks during a media roundtable to discuss Detroit's financial crisis February 21, 2013 in Detroit, Michigan. A Detroit Financial Review Team issued a report on Tuesday that concluded a financial emergency exists in the city of Detroit. Snyder has 30 days to decide on a plan to help the financially strapped city. (Photo by Bill Pugliano/Getty Images)
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    Michigan Gov. Rick Snyder (2dn L) speaks during a media roundtable to discuss Detroit's financial crisis February 21, 2013 in Detroit, Michigan. A Detroit Financial Review Team issued a report on Tuesday that concluded a financial emergency exists in the city of Detroit. Snyder has 30 days to decide on a plan to help the financially strapped city. (Photo by Bill Pugliano/Getty Images)
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    Traffic moves along a street February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    An abandoned hospital is seen February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    An abandoned home is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    A sign advertising building rates is seen on an abandoned building on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    Graffiti covers a building February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    Graffiti covers an abandoned building February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    The General Motors (GM) world headquarters is seen February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    The General Motors (GM) world headquarters is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    A public transportation system known as a People Mover moves above a street February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    An abandoned building under construction is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    Graffiti covers a crumbling building February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    Traffic moves along a street February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    The former Packard Plant is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    The former Packard Plant is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    The former Michigan Central Station is seen on February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)
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    Trash is seen lying alongside a street February 24, 2013 in Detroit, Michigan. The city of Detroit has faced serious economic challenges in the past decade, with a shrinking population and tax base while trying to maintain essential services. A financial review team issued a finding on February 19 identifying the city as being under a 'financial emergency.' Michigan Gov. Rick Snyder has 30 days from the report's issuance to officially declare a financial emergency, which could result in the governor appointing an emergency financial manager to oversee Detroit's municipal government. (Photo by J.D. Pooley/Getty Images)