Skip Navigation
Treasury, Official Portal for the State of Michigan Home
close print view

Blackwell Named Highland Park Financial Manager

Contact: Terry Stanton, (517) 335-2167 Subscribe to Treasury Press Releases

The Local Emergency Financial Assistance Loan Board (ELB) today appointed Arthur Blackwell II as Emergency Financial Manager in Highland Park. Blackwell will replace Ramona Henderson Pearson, who has been Emergency Financial Manager there since June of 2001. "I would like to thank Ramona Henderson Pearson for the difficult job she has faced for the last four years," said State Treasurer Jay B. Rising, Chair of the Emergency Loan Board. "Ramona took the steps necessary to manage the city's financial crisis. However, the board believes Highland Park must now focus its attention on economic development and growing its tax and revenue base."

In announcing Blackwell's appointment, which will take effect when his contract is finalized, Treasurer Rising also expressed appreciation for his willingness to serve his hometown. "Art Blackwell is accepting this appointment out of the love and concern he has for Highland Park," said Treasurer Rising. "The board expects his extensive experience, in the government and business sectors, to play an important role in attracting new business opportunities to Highland Park while continuing to work toward resolution of the city's financial crisis."

Blackwell, who previously served the residents of Wayne County as a member of the Board of Commissioners (1987 to 1994), currently sits on the Detroit Board of Police Commissioners, and is President and CEO of the DeWay Development Corporation.

As compensation for his role as Emergency Financial Manager, Mr. Blackwell has generously requested an annual salary of $1.

Related Content
 •  ELB Approves Detroit Public Schools Cash Flow Borrowing
 •  Gov. Snyder confirms financial emergency in Benton Harbor Area Schools
 •  Michigan Finance Authority Approves Detroit Board of Water Commissioners' Financing Proposal
 •  Gov. Snyder determines financial emergency exists in Benton Harbor Area Schools
 •  State of Michigan Schedules Auctions for Tax-Foreclosed Properties
 •  Review team finds financial emergency in Benton Harbor Area Schools
 •  Coulter appointed emergency manager in Lincoln Park
 •  Demand Strong for State of Michigan Bonds
 •  Michigan Finance Authority Successfully Sells Bonds on Behalf of the Public Lighting Authority
 •  Review team appointed to examine Benton Harbor Schools' Finances
 •  State Treasurer Recommends Former Auto Exec as Consultant for Royal Oak Township
 •  Administration, Fiscal Agencies Reach Consensus on Revenue Estimates
 •  Gov. Snyder confirms financial emergency in Highland Park
 •  Gov. Snyder confirms financial emergency in Lincoln Park
 •  State Treasurer Signs Consent Agreement with Royal Oak Township
 •  Transition to Local Control Continues in Pontiac
 •  April 15th is Tax Day
 •  Gov. Snyder determines financial emergency in Lincoln Park
 •  Michigan Finance Authority Issues $150 Million in Bonds for School Loan Revolving Fund
 •  529 College Savings Accounts Reach Record Levels in 2013
QR code Home
PoliciesMichigan Survey

Copyright © 2014 State of Michigan