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Michigan Gov. Rick Snyder speaks during an announcement about JP Morgan Chase's investment plans for Detroit, Wednesday May 21, 2014. JP Morgan Chase’s program is to commit funding to back companies pledging to invest in Detroit and provide tax-paying jobs in the city. (AP Photo/Detroit News, Chrles V. Tines)
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From left, Michigan Gov Rick Snyder, speaks with JP Morgan Chase Chairman and CEO Jamie Dimon and Detroit Mayor Mike Duggan at the announcement, Wednesday, May 21. 2014, of the bank's plans to invest $100 million in the city over five years. (AP Photo/Detroit News, Chrles V. Tines)
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JP Morgan Chase Chairman and CEO Jamie Dimon speaks at The Garden Theater in Detroit on Wednesday, May 21, 2014. The chairman and CEO of America’s biggest bank on Wednesday gave Detroit a pep talk and a promise of $100 million over the next five years. (AP Photo/Detroit News, Chrles V. Tines)
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Rep. John Walsh, R-Livonia, who chaired a special committee tasked with considering Detroit bankruptcy-related legislation, speaks with reporters after the panel approved the 11-bill package on Wednesday, May 21, 2014 in Lansing, Mich. The legislation would give $195 million in state money to help shield Detroit retirees from steep pension cuts and prevent the sale of valuable city-owned art. Gov. Rick Snyder wants the bills on his desk in June. [AP Photo/David Eggert]
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Bud Denker, chairman of the Chevrolet Detroit Belle Isle Grand Prix, addresses the media on the Belle Isle course in Detroit, Tuesday, May 20, 2014. The Detroit Grand Prix has reached a two-year extension with Chevrolet to keep a race on Belle Isle through at least 2016. Auto racing returned to Detroit in 2012 following a four-year absence thanks in part to a three-year deal with Chevy. Without the new contract, this year's IndyCar races could have potentially been the last ones scheduled in the Motor City. (AP Photo/Carlos Osorio)
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Bud Denker, chairman of the Chevrolet Detroit Belle Isle Grand Prix, right, meets with IndyCar driver Ryan Briscoe before Briscoe drives around the Belle Isle course in Detroit, Tuesday, May 20, 2014. The Detroit Grand Prix has reached a two-year extension with Chevrolet to keep a race on Belle Isle through at least 2016. Auto racing returned to Detroit in 2012 following a four-year absence thanks in part to a three-year deal with Chevy. Without the new contract, this year's IndyCar races could have potentially been the last ones scheduled in the Motor City. (AP Photo/Carlos Osorio)
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IndyCar driver Ryan Briscoe is interviewed on the Belle Isle course in Detroit, Tuesday, May 20, 2014. The Detroit Grand Prix has reached a two-year extension with Chevrolet to keep a race on Belle Isle through at least 2016. Auto racing returned to Detroit in 2012 following a four-year absence thanks in part to a three-year deal with Chevy. Without the new contract, this year's IndyCar races could have potentially been the last ones scheduled in the Motor City. (AP Photo/Carlos Osorio)
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A Camaro is driven on the Chevrolet Detroit Belle Isle Grand Prix course in Detroit, Tuesday, May 20, 2014, during media hot lap rides. The Detroit Grand Prix has reached a two-year extension with Chevrolet to keep a race on Belle Isle through at least 2016. Auto racing returned to Detroit in 2012 following a four-year absence thanks in part to a three-year deal with Chevy. Without the new contract, this year's IndyCar races could have potentially been the last ones scheduled in the Motor City. (AP Photo/Carlos Osorio)
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Paul Childs, CEO, M-1 Rail, stand at Woodward Avenue and Congress Street in Detroit ,talking about one of the stops for the proposed Light Rail project along Woodward Avenue in downtown Detroit on Monday, May 19, 2014. Officials say Detroit's $140 million light passenger rail project is moving forward toward an expected summer groundbreaking. Officials haven't said exactly when the groundbreaking will take place. Below-ground utility relocation began late last year for the 3.3-mile project. The streetcar line is to start running along Detroit's Woodward Avenue in 2016. (AP Photo/Detroit News, Max Ortiz) DETROIT FREE PRESS OUT; HUFFINGTON POST OUT
