In case you haven't heard, Detroit's a mess. It has acres of empty buildings, frightening crime rates, crushing public debt and sky high unemployment.
How a Young Community of Entrepreneurs is Re-Building Detroit: from Fast Company, it covers some of the many entrepreneurs attempting to build businesses in Detroit.
My favorite quote from this article is:
"Where everything's broken, anything's possible."
This article also provided the chart on the right.
A Missionary's Quest to Remake Motor City: from the NY Times, it covers the extensive investments and efforts being made by Quicken Loan founder Dan Gilbert to revitalize downtown Detroit. Gilbert has spent over $1 billion buying and renovating downtown commercial space.
An urban affairs expert says his efforts "amount to one of the most ambitious privately financed urban reclamation projects in American history."
Detroit Shows Way to Beat Inner City Blues: authored by the noted cities expert Richard Florida, this Financial Times article says Detroit could be a model for future urban turn arounds. Key quote:
The nascent turnround is driven by a coalition of profit-led entrepreneurs, philanthropic foundations and grassroots groups unhindered by city government. They offer a distinctive model of revival from which cities in the US and beyond can learn.
Struggling Cities, From Detroit to New Orleans, See Startups as Saviors: from Business Week, covers how a variety of cities are turning to entrepreneurs, startups and small businesses to help revitalize downtown cores.
It's of course way too early to know if Detroit can recover. But it's exciting to see private industry and entrepreneurs working to revitalize this city.