We may kid with our headline, but actually this piece in CCNMoney is a solid look at the patterns of Detroit development that match up quite well with what happened in New York during the latter half of the last century, still moving forward unabated today.
How is this revival happening? The old way it seems; in that sequence that has always pioneered the revitalization of cities: the artists with a good eye, the penniless young people with a sense of adventure, and the fearless entrepreneurs. These were the pioneers of the Left Bank of Paris in the 1870s, Greenwich Village of the 1920s, SoHo in the '60s, Miami Beach in the '80s, and Brooklyn today. They are the first wave in a succession that thrives below the horizon of bureaucratic control. They can be classified as the risk oblivious
Read on here