Tuesday, February 3, 2009

Patterson: Oakland County will 'ride out' economic storm

Catherine Jun / The Detroit News ? February 3, 2009

TROY -- Oakland County Executive L. Brooks Patterson said the county will weather the economic storm afflicting Michigan through long term financial planning and projects slated to bring new jobs, despite the challenges presented by widespread layoffs and a besieged auto industry.In his State of the County address tonight, Patterson highlighted several bright spots on the horizon: a multi-million dollar film studio slated for Pontiac, a growing health care sector, affordable expansion of Cobo Hall and the launching of a new e-mail/text messaging service for county residents to get notice of events, emergencies and programs.

Patterson, in an address delivered at the MSU Management Education Center in Troy, attempted to strike a balanced tone, highlighting pockets of hope while painting a picture of a county that -- despite being the richest in the state -- has not been immune to the subprime mortgage mess and statewide belt-tightening. As many as one in 47 homes in the county is in foreclosure.


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