Lots of private money going into rebuilding Detroit. The bankruptcy settlement really opened the floodgates. Creditors got prime riverfront property and have brought in architects and engineers to design luxury hotels, apartment and retail spaces. Forbes already ranks Detroit as the best riverfront in the country.
Roger Penske says he wants to create the Dubai of the midwest in Detroit. He says Show me another city where you have pro football, baseball, basketball, and hockey all withing a couple blocks. Then you have world class Indycar racing not 1 but 2 races on Belle Isle, powerboat racing, and sailboat racing on the river and air racing over it. He’s also informally lobbying F-1 to return to Detroit.
I know, I wish I was in my 20's and had the finances for investment in the properties downtown.......