Originally Posted by
Retroit
I'm not in favor of tearing down the building, but I'm also not in favor of selling it to someone who is not able to do a decent restoration of it. The City of Detroit shouldn't sell the building for $1 to someone just because they have a some plan and some money. Can the city afford to be picky? If they want to stop the cycle of absentee landlordism, they'd better start being picky.
A decent restoration would probably cost $40 million [[uneducated guess), so giving the building to someone who only has $4 million would be like giving a home that needs $100,000 worth of restoration to someone that can only afford a $10,000 worth of restoration.
Until Dionysia submits a complete proposal and can come up with the complete amount to fulfill it, they should not be taken seriously.