What would be your "Detroit's coming back" moment

[401don]

Detroit will truly come back of course when it solves it's single most difficult issue - education & skills training, which leads to higher standards of living, better housing, lower crime, fewer domestic issues, a solid tax base for city services, etc. When educational test scores match or exceed those statewide you can cue the comeback.

[313WX]

If/when Detroit houses another couple multi billion dollar employers. Jobs is the driver. Why did Detroit first boom? Jobs. Why does any city boom? Jobs. Everything follows jobs. The rise of Rocket Companies is really the best news beyond anything else. Things like U of M wanting to get involved with Detroit [[innovation center) show promise. Pulling companies from the suburbs aint gonna do it. We need NEW. Another rocket companies, another Ford, more businesses started. Michigan/Detroit should be the best place to start and operate a business, right now its Texas by a mile. With that in mind, the city and state should look to its "business friendliness", tax burden, red tape. There's some promise and some opportunity, need to ride off of RKT momentum to "come back". Metro has massive concentration of engineers [[might be most in US not sure), and tons of R&D, lots of potential with this stuff. Not some stupid insecure lifestyle company that employs 3 ppl. Actual companies that solve real problems with real market demand.

Edit:
Construction and housing and retail are all nice but those are all downstream from jobs. Cause and effect. Jobs is the cause, jobs is the driver.

Agreed 100%

[Hermod]

Or in two words: Population growth.

Which would result in population growth if the developers could take out a large enough swath.
.

[renf]

Jobs in Detroit and the metro area really are extremely important. On the favorable side, Fiat-Chysler is apparently investing north of $3 billion to renovate their old and build a new Jefferson North assembly plant with the possible addition of 5,000 jobs. Ford's renovation of the Michigan Central Station and nearby buildings could add up to 5,000 jobs in the city. GM is, apparently, spending more than $3 billion to renovate and expand Poletown Assembly for the production of electric trucks. Dakkota Integrated system purchased the campus of Kettering High near the former Packard plant and erected a huge building to assemble interiors for Fiat Chrysler. There has also been a large effort to finance the start up of many small businesses in Detroit. There is less information about how many jobs are created.

On the other hand, the economic recovery from this pandemic may be tepid. And there could be a skills mismatch since it is likely that upwards of a majority of new jobs created in Detroit will require at least a two year college degree. We use to think that the very rapid growth of the elderly population in Detroit and Michigan would create a boom in medical sector employment. We certainly have a great growth of the population over age 64 but it looks like medical sector employment growth has slowed substantially.

[casscorridor]

All neighborhoods would need to be stabilized or improving and above all the the lives of residents would need to see marked improvement. Signs of this would be a major reduction in poverty, the elimination of homelessness, vastly improved educational and job opportunities, low crime and so on. Other important elements would be a high quality public transportation system, well maintained parks and green spaces, access to everyday necessities such as groceries and household necessities and thriving small businesses. Without these elements, the "comeback" is just gentrification and only benefits the already well-off.