“Next Detroit “
Not sure you know what’s going on in Detroit. The city is entering a growth period fueled by the investments in Midtown in particular. Dan Gilbert (Quicken Loans, Cavaliers) and the Ilitch family (Little Caesars, Tigers, Red Wings) have been the catalyst for much of this. Rents are on the rise, a good sign. Don’t get me wrong, Detroit has a long way to go, but it’s not the same as it was 10 years ago.
I posit that as long as the demographics are the same and the corrupt leftist power structure remains, there can be no renaissance.
All the money infusion in the world won’t prevent a ghetto person from murdering your family member.
One thing for sure, the Detroit Bankruptcy while not perfect was manageable with the only sticky wicket still being the teachers pension, which will be a maintenance issue to make sure it doesn't go bad quickly.
Chicago Pensions? It is in their constitution, they can't change them, you can't pull back on the stick to get out of the dive, it is on the impact that will get them, but the sudden stop aka no cash left as the eat through their seed corn.
Other things to consider:
* Canada is our what 1st or 2nd largets trading partner?
* Business couldn't wait for Detroit to clean up it's act financially.
* It is here on more so on the road to that.
* Bad or good a new Bridge and a renegotiated NAFTA deal can't but help business on both sides of the river, and possibly even manufacturing springing up in Detroit because of it.
* So many other ditties like LNG Powered Large vessels on the Great Lakes to be fueled on the Canadian side in Sarnia......
Tell me a bright spot in Chicago that even matches any of the above....