The Metropolitan Revolution, Authors: Bruce Katz and Jennifer Bradley.
By Bruce Katz and Jennifer Bradley – Detroit needs a strong growth strategy to complement the state’s intervention on debt and deficits. Absent an economic revival, the city’s fiscal problems will be recurring and inescapable.
Like many American cities, Detroit has a strong core. Its 7.2 square miles, encompassing Downtown, Midtown, New Center and a handful of other neighborhoods in a city of 138 square miles, is seeing a surge of private and civic investment and business and residential growth. In this relatively small area of the city there are roughly 5,400 businesses, employing more than 135,000 workers. Add to that the 29,000 students at Wayne State University, and the numbers represent a remarkable opportunity to catalyze growth in businesses, the residential market and all that follows. more> http://tinyurl.com/ks6fs78