I think this is about as close to a correct answer as you can get. 'Greed is good' utterly destroyed Detroit. The race for lower taxes gutted the big cities and left a big hole. In other cities in the country though you still had a significant population that were dedicated, no matter the marginal $$ cost, to their cities and their institutions.
Detroit never had that. Very few people with any capital were committed south of 8 mile [[at least, historically). Nobody cared. Chrysler moved, LTU moved, hundreds of companies moved. Utopia was just a few mile roads away so who gives a damn.
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