Detroit’s home county plans to sell the landmark downtown Art Deco building that serves as its headquarters as it moves to plug a crippling deficit and fend off insolvency, Bloomberg News reported on Friday. The struggles of Wayne County, Mich., underscore the region’s lingering stress even after Detroit emerged from a record $18 billion bankruptcy in December. Last week, Governor Rick Snyder announced a review of the county’s finances, a step toward possible state intervention after the municipality asked Michigan for help in tackling its fiscal woes. The county of 1.8 million residents has seen property-tax revenue drop by more than $156 million since 2007, while spending has climbed by more than $50 million. As a result, Wayne faces a $52 million deficit and may run out of cash by August 2016.
