Nearly $300 million in aid for Detroit will be announced Friday as Obama administration officials visit the city to discuss what can be done to help eradicate blight, improve transportation, encourage new business and make residents safer. The funding will include $150 million in blight eradication and community redevelopment, including $65 million in Community Development Block Grant funding. An additional $25 million could help hire as many as 150 firefighters in the city. Some $24 million in federal resources that had been tied up will go to repairing buses and installing security cameras, part of an overall $140-million investment in transit systems. Gene Sperling, the head of President Barack Obama's National Economic Council, briefed reporters on some the plans Thursday evening, saying Friday's meeting at Wayne State University is "the first of many efforts that the administration will engage in with the city of Detroit."

http://www.freep.com/article/20130926/NEWS01/309260199/White-House-to-announce-300M-in-aid-Friday-to-make-Detroit-safer-erase-blight
http://www.nytimes.com/2013/09/27/us/300-million-in-detroit-aid-but-no-bailout.html?_r=0