DETROIT—The Motor City continues to suffer from a host of problems, but pending the outcome of forced budget cuts, a new transportation system and a new hero to believe in, the automotive capital may still have another rebirth left.
Ever since Michigan Gov. Rick Snyder faced city leaders in a takeover stare-down earlier this year, Detroit Mayor Dave Bing has been able to gain some forward movement in concessions. Corresponding budget cuts have cut to the core, with each week bringing a suggestion of excising another major program. A failing bus system isn't helping matters, though a new rapid bus plan, with possible new downtown light rail link, could encourage some of the Detroit faithful away from their two-car homes.
While it was most recently the Detroit Lions football team, which plays in a new stadium Downtown, that had the surprise comeback season, the new hero in town isn't the comeback kid quarterback Matthew Stafford.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
