Motown's blues(Read article summary)
Detroit has been shrinking for decades. Even formerly strong neighborhoods are now 'at a tipping point with vacancy,' says a city planner.
Carlos Osorio / AP
Detroit city planner Karla Henderson, says, â€śWhat we have found is that even some of our stronger neighborhoods are at a tipping point with vacancy. Vacancy adds to blight and blight is a disease that takes over the whole neighborhood. So the sooner we can get those homes occupied, the better for the city.â€ť Thatâ€™s a tough prospect considering Detroitâ€™s population has been halved since 1950.
But evidently the trimmed down police department requires new quarters so the city borrowed $100 million and to build a new station. Mayor Bing says, â€śThe financial markets believe in what weâ€™re doing to bring fiscal responsibility back to Detroit.â€ť
The markets? â€śThe city sold so-called Recovery Zone Bonds authorized under the U.S. economic-stimulus plan, borrowing at 4.55 percent,â€ť Bloomberg reports.
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