A new wave of development is rippling through downtown Detroit. Residents say the changes have the potential to be beneficial, but also raise concerns over gentrification and displacement. Watch the video to learn more.
The city bounced back by attracting new investments by awarding tax abatements to commercial developers while raising consumption and property taxes on residents.
Local residents say the changes have the potential to be beneficial, but also raise concerns over gentrification and displacement."Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022," said Ramy Habib, a local entrepreneur. "It is absolutely magnificent what happened throughout those 15 years."
Between 2010 and 2019, just 708 new housing structures went up in the city of Detroit, according to the Southeast Michigan Council of Governments. Much of the new construction traces back to the philanthropic wings of large local businesses. For example,
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