Let it tank. Eventually hipsters will go there and gentrify the **** out of that place. Look at Brooklyn. 20 years ago place was a ****hole, now it's one of the richer areas out there.
good point- but like one person above said, how do you attract people? Brooklyn has the highest real estate ranges in the country across the river --- to attract people
When all the property is cheap enough, someone will buy. Always happens and they aren't making more land last I checked.
and this:
By focusing the blame for Detroit’s bankruptcy solely on workers’ pensions, rather than having a more comprehensive discussion that includes both pension benefits and corporate giveaways, the right can engineer the political environment for the truly immoral reality mentioned at the beginning of this article — the one highlighted this week by the Associated Press story headlined “Arena Likely Still On Track, Business As Usual For Sports Teams Despite Bankruptcy Filing.” Yes, that’s correct: at the same time government officials are talking about slashing the meager $19,000-a-year pensions of workers who don’t get Social Security, those officials are promising that they will still go forward with a plan to spend a whopping $283 million of taxpayer money on a new stadium for the Red Wings.
http://www.salon.com/2013/07/23/dont_buy_the_right_wing_myth_about_detroit/
I like that the writer invented a strawman argument from the right and then made a really long article bashing that argument. Seems like it would've saved him some time if he just wouldn't have invented that strawman argument in the first place.
and this:
By focusing the blame for Detroit’s bankruptcy solely on workers’ pensions, rather than having a more comprehensive discussion that includes both pension benefits and corporate giveaways, the right can engineer the political environment for the truly immoral reality mentioned at the beginning of this article — the one highlighted this week by the Associated Press story headlined “Arena Likely Still On Track, Business As Usual For Sports Teams Despite Bankruptcy Filing.” Yes, that’s correct: at the same time government officials are talking about slashing the meager $19,000-a-year pensions of workers who don’t get Social Security, those officials are promising that they will still go forward with a plan to spend a whopping $283 million of taxpayer money on a new stadium for the Red Wings.
http://www.salon.com/2013/07/23/dont_buy_the_right_wing_myth_about_detroit/
If you bail out Detroit, don't you risk setting the precedence of bailing out any big city that manages their money poorly? I'm guessing those in California will be eagerly watching how this is handled. I hope we don't bail out Detroit but with the current President and Congress, I just know it's coming.
If you bail out Detroit, don't you risk setting the precedence of bailing out any big city that manages their money poorly? I'm guessing those in California will be eagerly watching how this is handled. I hope we don't bail out Detroit but with the current President and Congress, I just know it's coming.