Surface parking is a land speculators wet dream. Low investment, guaranteed income, low running costs and you bank on land appreciation.
I don’t blame the owner for deciding to do this. I’m sure based on the current conditions, thier financial evaluation and risk assessment has drawn this conclusion. Would unlikely be the same conclusion in just about any other major downtown but it just goes to show how cheap Detroit still is. That’s a positive to all future land speculators looking to park capital in a growing city.