Real Estate & Property Law

Is Detroit Ready to Downsize?

By Alan Ackerman

freep.com

For months, the term "rightsizing" has been tossed about Detroit as a way to rein in costs and save tax dollars.

While on the campaign trail, during his State of the City address and in interviews with local and national news media, Bing has heralded the importance of a long-term strategy that would use the city's 140 square miles more productively, calling such a move critical to Detroit's survival.

Yet on Wednesday, Bing's staff backed away from what was first characterized as downsizing the city, saying, "We are stabilizing neighborhoods and the city as a result of a reduced population by centralizing resources, not shrinking its borders."
 

After all the talk we've had on the downsizing of the City, we see the Free Press claiming that the downsizing is not about to occur.

This proposed attempt would have been a great and wonderful opportunity for Detroit to rebrand itself.

Full post as published by National Eminent Domain Blog on May 04, 2010 (boomark / email).