Quote Originally Posted by DeLemur View Post
It isn't about catering to the poor. Its about having a unified, inclusive Detroit. History in this region has been defined by segregation and people wanting to move far away from each other. In remaking the city we have an opportunity to include the working poor [[largely black Detroiters who've always been here) as part of the equation). Gilbert is a private business person, but Government that looks after everyone overseas some policy. That policy should keep mixed income housing rather than a downtown of extremely high expense and wealth and poor neighborhoods that surround them. Its disappointing to see the 20% affordable housing expire in 30 years or that there is no low income housing included. The city is being remade. Why not make modest asks of new development to include units that someone making 25/30K a year could live in?
I see your point, but if I asked you to take a major loss on 20 out of 100 units in a building you own that directly affects your bottom line, would you be cool with that?

In order to get that all important $2.00 per sq foot average, a developer would need to price other units in their building WAY over market rate to compensate for the units on the low end, probably making it even more difficult to sell/rent them out.