Monday, December 8, 2008

GM’s Bust Turns Detroit Into Urban Prairie of Vacant-Lot Farms

GM's Bust Turns Detroit Into Urban Prairie of Vacant-Lot Farms

How do you downsize to the right level when there doesn't seem to be a bottom?'' asked developer Fred Beal of J.C. Beal Construction Inc., which wants to do a $50 million conversion of the vacant 34-story David Broderick Tower near the city center into offices, shops, restaurants and lofts. Detroit has seen decades of fruitless renewal efforts as successive mayors built sports stadiums, welcomed casinos and renovated the riverfront. That endeavor included the Renaissance Center, a downtown office-and-hotel complex that began as a Ford project in the 1970s and switched to GM ownership two decades later after failing to spur long-term development. Move Away From Cars

Posted by mark @ 11:20 AM (547 views)
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