How We Saved Detroit: Pensions and Picassos is the story of racial polarization, high finance, and ordinary people rising to the occasion to do extraordinary things.
In 2013, Motown finally hit bottom when the city filed for bankruptcy, the largest municipality to do so in American history.
But how did we get here? How would we survive? And what did bankruptcy mean for us, the people living here?
How We Saved Detroit: Pensions and Picassos, is the story of the fight to save Detroit against impossible odds.
This film provides a compelling account of the tremendous struggle between lawyers, judges, bankers, union leaders, politicians, the philanthropic community, and the everyday people of Detroit. The battle to rescue this iconic city pulled together those who believed in its future despite their differences.
But not everyone was onboard.
Facing a legacy of racial polarization, questionable deals, and broken promises, Detroit needed a bold plan, a rebirth, a renaissance. The City sought unprecedented sacrifices from retirees and union leaders. It confronted the consequences of years of corruption while fending off Wall Street. It convinced the state legislature to participate in a plan, where there was no real desire. And it considered liquidating a city jewel, the Detroit Institute of Arts, whose world-class collection became an object of desire for the city's numerous creditors.
How We Saved Detroit: Pensions and Picassos reveals the precarious path to rescuing the city from 18-billion dollars in debt and spotlights how those in the neighborhoods were faced with the possibility of an epic disaster or at long last, a powerful city with new hope.
This story of redemption and hope needs to be told. The documentary gives a sweeping account of a city rising from the ashes of financial ruin, backroom intrigue, life changing choices and political rebirth. It is the story of the struggle to reinvent one of America’s iconic cities - Detroit, Michigan.