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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (24070)9/23/2004 1:23:09 PM
From: jrhanaRead Replies (1) | Respond to of 306849
 
<why Detroit more than most others has never been able to rebuild itself>

Something to do with their major industry going down the toilet?



To: Don Green who wrote (24070)9/23/2004 2:08:30 PM
From: MoneyPennyRead Replies (3) | Respond to of 306849
 
I feel that the building of the Renaissance Center did more than anything else to destroy all hope of a real renaissance in Detroit. Hideous John Portman group of towers behind a concrete embankment that looked like a concrete bunker. Even had places for the big guns to be sticking out (not really but it looks like that)

After years of going it alone, my employer, JL Hudson, now called Marshall Field finally gave up on the retail district, leaving virtually nothing in its wake. It has been years since there was a reason to shop in Detroit. Regional malls ring the edge of the city.

Mayor Coleman Young made strategic political gaffs, first when he called Ronald Reagan, President Pruneface. Colorful yes, but money for roads and improvements seemed to dry up. I am constantly amazed at the money allocated for Florida roads vs. Michigan roads. Roads in the city and in SE Michigan stink.

When I lived in suburban Chicago we went into the city on weekends to play. There are new sports complexes in the downtown Detroit area but when I have been taken to a Wings or Tigers game, dinner and drinks are always out in the 'burbs. This would never happen in Chicago.

GM may have its headquarters in Detroit, but its executives and heart and mind are in the suburbs. Such a shame.

Money Penny



To: Don Green who wrote (24070)9/23/2004 3:24:50 PM
From: bozwoodRespond to of 306849
 
Others may disagree with me and I am not a native of the area, but I think a major problem is lack of mass transit (not bus, but subway). The city is not really laid out much differently than Chicago in terms of where the suburbs are, etc. I may be wrong, but my guess is that the big 3 didn't want a transit system throughout the metro area and I believe that has hurt the downtown's vibrancy.


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