Has Detroit Bottomed out Yet?

[erikd]

Detroit, BTW has not been "working on it for 50 years". The opposite is true. Detroit has spent vast sums trying to build up the core over the last 50 years, to little avail.

Detroit has spent vast sums trying to build up the urban core over the last 50 years?

Most of the 1965-2015 investment in Detroit's urban core has happened in the last 15 years, and especially in the last 5-10 years. There was very little investment in Detroit's core between 1965-2000.

-The RenCen
-Trolley Plaza
-Millender Center
-Riverfront Towers
-One Detroit Center [[500 Woodward)
-The Madden Building [[150 W Jefferson)
-The People Mover
-The Blue Cross Blue Shield tower
-Joe Louis Arena
-The Trapper's Alley enclosure
-Renovations to the Fox Theater and Opera House

That's about all the major investment in downtown Detroit over the 35 year period from 1965-2000. It was like one new building every five years.

Keep in mind that a large percentage of the existing buildings in downtown Detroit emptied out during this same period. The handful of new buildings that were constructed or renovated were dramatically outnumbered by the buildings that were vacated, abandoned, and/or demolished.

Not what i would call spending vast sums...