Detroit exits bankruptcy (December 2014)
The largest U.S. municipal bankruptcy on record concluded when Detroit won court approval to restructure its finances and shed billions in debt. Emergency manager Kevyn Orr led the city through the process.
The city regained control of its finances in late 2014 and began a slow, uneven neighborhood recovery.
Low property costs and renewed investment drew new independent businesses to downtown and neighborhoods, including a wave of coffee shops and restaurants.
Cairo Coffee's expansion bid reflects the same small-business confidence that grew out of the post-bankruptcy era, though neighborhood recovery remains uneven.
