DETROIT – Businessman Dan Gilbert has testified during Detroit's bankruptcy trial that the city's high crime rate, poor school system, unemployment and blighted neighborhoods are its major challenges.
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The founder of mortgage lender Quicken Loans also said Wednesday that $850 million is needed to wipe out Detroit's blight, which includes tens of thousands of abandoned houses and trash-filled lots.
Gilbert was one of the leaders on a blight removal task force that looked at all city properties.
State-appointed emergency manager Kevyn Orr also is expected to testify Wednesday in the trial overseen by federal Judge Steven Rhodes. Rhodes is to decide if Detroit's plan to remove $7 billion in debt is fair to creditors.
Orr's debt restructuring plan sets aside more than $1 billion for improving city services, including blight eradication.