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So Cheap, There's Hope; The Parable of Detroit
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 401 no. 8756 (Oct. 2011)
,
page 45-46.
Topik:
Redevelopment
;
Urban Renewal
;
Economic Conditions
;
Economic Development
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.68
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Having lost a quarter of its population in a decade, America's most blighted big city - Detroit - could be turning the corner. Mayor Dave Bing has drawn up a sensible-sounding plan, Detroit Works, which will help boost three pilot viable areas, with more to come next year, there is still no flipside plan for what to do about places that everyone knows are simply not saveable. Despite all the gloom, there is a bit of a sense that things might just be starting to turn, and the reason is simple: Detroit is now incredibly cheap. And that has drawn some admittedly rather pioneering types back into town. The most remarkable of these is Dan Gilbert., who is rshaping Detroit's centre. Last year he moved his main business, Quicken Loans, the largest internet mortgage company in America, from the quiet suburbs into a building on Campus Martius park, the heart of downtown. His 1,700 staff there were joined, earlier this month, by another 2,000 people whom he moved into a second building nearby. From his window Gilbert points to some of his other acquisitions, including one, of 800,000 square feet, that he bought for just $8m and intends to let out. It is hard to beat $10 a square foot for downtown office space. Mr Gilbert is buying other buildings for internet start-ups, and is planning a big new residential development and lots of retail space in the area as well
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