A2: Business

Crain’s Detroit Business publishes an analysis of Ann Arbor-based Borders Group, quoting analysts who say that Chapter 11 bankruptcy may be an option for the financially beleaguered bookstore chain. The article also quotes Ann Arbor mayor John Hieftje regarding the impact on this city if the business closes:
“If the company were to fold altogether, the biggest blow to the city would be the big hole in the downtown. While it would be disappointing, the downtown market has been hot and I wouldn’t be surprised to see that retail space snapped up.” [Source]