Jun
12
In Detroit, Anyone Can Be a Real Estate Developer
ByIs flipping homes and collecting rent the key to helping more Detroiters benefit from the city’s revival?
An urban revival has to start somewhere, and in the case of Detroit, that place has been downtown.
Coming out of the Great Recession, a handful of real estate developers invested heavily in a bid to lure corporate employers—and, more recently, business travelers and condo buyers—back to the center of the city. That theme has met with occasional criticism that most efforts are intended to make Detroit more appealing to outsiders, without doing much for people who suffered through the city’s infamous decline…