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re: American cities making a come back
Posted on 4/29/24 at 12:03 pm to Chrome
Posted on 4/29/24 at 12:03 pm to Chrome
quote:
Detroit is making a come back???
Detroit contracted so much, and continue to do so. They are literally half the size they were 40 years ago. Their median income is half of that of the rest of the US. Not seeing them making a comeback any time soon.
2
Posted on 4/29/24 at 12:22 pm to Locoguan0
quote:
Detroit contracted so much, and continue to do so. They are literally half the size they were 40 years ago
That's a huge part if it. They don't need the infrastructure they once did because so many people moved away.
But they've also leaned heavily on government subsidies and a lot of money from Dan Gilbert (who owns the Cavs and also has/had a ton of investments in Cleveland) for some renovations of downtown. He also is moving, or has moved, his Quicken HQ from Cleveland to Detroit.
I wonder what his relationship is like with the movers and shakers of Cleveland is like since he is moving so much money to another northern city? Detroit and Cleveland were like the same cities back in the day. One just did automobiles and the other did steel and railroads..
Posted on 4/29/24 at 12:34 pm to Locoguan0
There is new investment into the redevelopment of inner city Detroit. I was there in 2015 and I see the change from then to now.
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