Detroit Is Set to Host the NFL Draft a Decade After Going Bankrupt
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Detroit is preparing to host the NFL draft in April 2024, a decade after the city went bankrupt. Mayor Mike Duggan sees the event as an opportunity to reintroduce Detroit to the rest of the US and showcase the city's transformation. The 2013 bankruptcy crisis highlighted the city's financial struggles, including high unemployment rates and underfunded public services. However, since then, Detroit has made significant progress in improving its finances, paying off its creditors, and balancing its budget. The upcoming NFL draft is expected to bring hundreds of thousands of visitors to the city and provide an economic boost. Local real-estate developer Bedrock Detroit has played a central role in revitalizing downtown Detroit, and its founder, Dan Gilbert, is excited about the draft's potential impact. The success of the Detroit Lions' surprise playoff run last year has also contributed to the city's economic revival and boosted residents' pride in their city.

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https://www.businessinsider.com/detroit-nfl-draft-bankruptcy-mayor-mike-duggan-jared-goff-2024-3