Originally Posted by
ghettopalmetto
. The fact that DEGC spends a lot of money to purchase buildings means that they take these structures out of the hands of the free market in order to impose their subjective, uninformed, and regressive will on the City of Detroit. Shouldn't a DEGC exist in order to assist developers and building owners in the completion of projects, vis-a-vis attempting to be one of those developers and owners?
The DEGC has no business being in real estate speculation. How many millions are wasted on purchasing buildings for demolition? How many millions more are lost in wages, tax revenue, and decreased property values through the creation of empty lots?
If the DEGC were serious about anything other than demolition, they would act like professionals and conduct the due diligence required and expected of them to evaluate the Lafayette Building [[among others) before deeming it "structurally unsound". WHERE IS THE ENGINEER'S REPORT?