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That was my assumption. It appears Detroit could potentially be reliant on a wealthy entrepreneur to take a "leap of faith" or have a third party offer some sor
by FunCaptcha_Jim 12y ago
That was my assumption. It appears Detroit could potentially be reliant on a wealthy entrepreneur to take a "leap of faith" or have a third party offer some sort of financial incentive to encourage businesses back. I'm not too well versed on US law but is the federal government able to help in this vein?
- unprepare 12y agoDan Gilbert is likely that wealthy entrepreneur [1] Also, it is worth noting that the suburbs surrounding detroit include some of the wealthiest in the country. There is certainly an investor base [1]http://en.wikipedia.org/wiki/Dan_Gilbert_%28businessman%29#Detroit_initiatives http://en.wikipedia.org/wiki/Dan_Gilbert_%28businessman%29#D...
- cowsandmilk 12y agoDetroit will recover due to its history as a hub. It is a cheap place to live that has direct flights to Europe, Asia, South America, and almost any city in the US. Also, Detroit has plenty of wealth. It just all sits in the suburbs. The article even shows a mansion in Grosse Pointe and another with 23,000 square feet in West Bloomfield. These people are definitely executives at businesses in the Detroit area.
- khuey 12y agoYep, and that's what puts Detroit in a better position than Toledo or Youngstown.