Design and construction [[capital) costs for any redevelopment need to be recouped by the property owner. You can't do that by renting out $200/mo flophouses. The numbers just don't add up. Hence, the reason for all the "high-end this and luxury that". Once the capital costs are paid off, the building will be a bit older and depreciated, and rents can be allowed to fall lower with respect to the market at that time. Jane Jacobs touched on this issue in 1961, in the chapter of her book entitled "The Need for Old Buildings". Alas, Detroit keeps BULLDOZING THE SHIT out of its old buildings.
Poor people aren't in any danger of being geographically forced out of Detroit. At the same time, the City could use a few more taxpaying citizens who won't further strain schools and social services.
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