Quote:
Originally Posted by emathias
Detroit's finances got so terrible that it had to file for bankruptcy to address them.
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LOL where do you think Chicago and the entire state of Illinois is going? Have fun with that.
Despite the dirty bankruptcy word it turned out to be best bankruptcy outcome a city could ask for (favorable judges were helpful), there's an over 60 million budget million surplus today.
Your whole analysis puts more of a negative spin on Detroit's city proper decline compared to Pitt's but the truth is Detroit sits on much more regional wealth, amenities (besides transit) and workforce resources than Pittsburgh ever will. Pittsburgh is more centralized with it's universities, so the numbers are a bit softer but that's about it.
I don't see Pittsburgh's ability to draw talent being much different, in Detroit, there would be limitless family-friendly options in the suburbs for the types that wanted that sort of thing and the urban techies would have multiple neighborhoods around the core to choose from. Educated millennials aren't really raving about Pittsburgh the way homers on here want everybody to believe, I would know since I am one but also the numbers prove that Pittsburgh's regional college retention rate is one of the lowest, about 50%.