The private investing is OK. If private investors are stupid enough to pour money down a rat hole, let ‘em.
But its the million (hundreds of millions) of PUBLIC money being wasted at trying to solve Detroit’s financial screw-ups that is a real shame.
Whoops, thanks cc.
Here’s another restoration project of a much smaller scale that may have a chance of success in nearby Ypsilanti ...
http://www.detroitnews.com/article/20130718/METRO01/307180026/1409/METRO