Did you see the Dallas based company that is making high end wristwatches in Detroit? A Minnesota based company is making wide flat screen TVs in Detroit now. (The only TVs made in the USA) JP Morgan just opened a regional HQ in Detroit. A Canadian company has reopened the salt mine under the city and they’re paying for the new bridge over the Detroit river which will eventually bring hundreds of warehousing and freight related jobs.
http://www.freerepublic.com/focus/f-news/3017805/posts
Lots of real estate dealing going on now for that valuable riverfront property. There was even a serious billion dollar offer for Belle Isle a while back. Canadian companies wouldn’t be dumping all the money into Detroit if they didn’t see a brighter future.
Buy low... It’s cheap so there’s not much risk to purchase.