Well, if the Book is a measure of success.... I'm think we should hold on the champagne. The condos had to be sold in a fire sale for half their original asking prices. The banks are circling. the developer already lost the Hilton Garden Inn. There are constant rumors about Westin pulling the flag. And Detroit's hotel market isn't exactly stellar. If the Book makes it, needs to be remembered that the deal came together because a whole lotta people and a whole lotta government money came together to make it happen. The deep pockets ...especially the government's, are tapped out. There are 40-some empty buildings in the CBD. Unless the future holds that oil is found beneath Detroit, they aren't all being redeveloped. That much I can be pretty certain of.
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