[cripplecreek]

The free press building sold for a little over $4 million a couple weeks ago and the David Scott building sold for nearly $9 million last week.

Big money is investing heavily in Detroit but the real economic drivers are the small businesses which still face too high a mountain.

[Slyfox]

...Coleman Young, mayor from 1974 to 1994, as fiscally much more conservative than many have thought. He didn't send the city toward bankruptcy...but their argument is undercut by another graphic, which shows the decline in property values. They declined (again in 2013 dollars) from $30 billion when he took office to $10 billion when he retired.

The initial decline began with the race riots in 1967 and then accelerated during Coleman Young's term. He did not let any white businesses open within the city limits of Detroit. As a consequence the white business owners moved to the suburbs and took their businesses and jobs with them. They were not replaced by any new black or any other color businesses. And it all left a hole that could only spell decay and decline.

Them democrats are such geniuses.

[Cyman]

“Big money is investing heavily in Detroit”

Are we really seeing that as investment or are the buyers just speculators looking to flip for a short term profit and not in it for the long haul?