Quote:
Originally Posted by Crawford
And again, the biggest factor in Detroit's relative success isn't downtown, or gentrification, or even Dan Gilbert, it's the auto industry. If the industry is humming, the region is doing fine.
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This isn't 2009 dude. Michigan's economy is changing, fast. The auto industry, while it still is and always will be dominant, has decreased as a share of middle-high income employment to a staggering degree since the recession. Meanwhile, hundreds of thousands of new jobs in tech, medical, bio, chemical, R&D, etc. have galvanized the region in the last decade. As long as the Big Three aren't on the verge of bankruptcy, their ups and downs will be ever more insignificant for Michigan as time goes on.
Quote:
Originally Posted by Sun Belt
True. I haven't been to Detroit in the last 5 years and I'm sure [or rather, know] it is doing much better than 5 years ago, however, every single other city-downtown area in the nation is better off today than 5 years ago with in-fill residential and increased occupied commercial space --
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As someone that spent a lot of time in Detroit back in 2009-2011, I can tell you that it has been a day/night transformation. Downtown went from abandoned and left for dead, to vibrant and downright thriving in the space of about 7 years. And this is only the beginning.