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Detroit isn't going anywhere. The residential community may be on the decline, but the business community is thriving and private interests are investing in the
by Xdes 13y ago
Detroit isn't going anywhere. The residential community may be on the decline, but the business community is thriving and private interests are investing in the infrastructure themselves. The business community doesn't need to rely on the city for infrastructure when there is plenty of capital available to invest directly versus waiting on the corrupt bureaucracy.
- fidotron 13y agoRight, but if I were investing in downtown Detroit I'd be wary of the fact that bureaucracy still hasn't been burned to the ground, and if your business succeeds they will leech off it as much as possible. Detroit unquestionably needs greater amounts of private investment, but the governance has been so bad that it is a significant risk factor. Combine that with the widespread crime and anti-gentrification sentiments that would exist if you tried to do something about it, and it looks difficult.