Post Number: 35
|Posted on Wednesday, May 02, 2007 - 11:18 am: || |
Looks like Bing has his investors in place. Good news
http://www.detnews.com/apps/pb cs.dll/article?AID=/20070502/B IZ/705020387&imw=Y
Post Number: 1080
|Posted on Wednesday, May 02, 2007 - 11:29 am: || |
looks like you beat me by a few minutes...
btw, Bing's project is called the Watermark...Chene East is something else that Bettis is doing, though there's a brief mention of it in the article
Post Number: 36
|Posted on Wednesday, May 02, 2007 - 12:08 pm: || |
That's right my mistake. It was originally Chene West
Post Number: 130
|Posted on Wednesday, May 02, 2007 - 4:22 pm: || |
Is it just me, or will their be a lot more wealthy people living within the city limits of Detroit in the upcoming 5+ years. It will be interesting to compare demographics in the future. Detroit may continue to lose population, but increase numbers of households in those upper income brackets.
Post Number: 9009
|Posted on Wednesday, May 02, 2007 - 4:28 pm: || |
Yes, there may be more wealthy but the key to a turnaround is maintaining and expanding the middle class which seems to be leaving at a faster rate than coming in.
Post Number: 5448
|Posted on Wednesday, May 02, 2007 - 5:16 pm: || |
This is not to mention that many of these wealthy residents won't show up in full effect on the tax role for quite a few years.
BTW, what I found more telling than this PR event was that we finally see why Chene East, the smallest of the projects being developed by Betters/Bettis, is taking so long, and it's because Betters/Bettis wants to concentrate on developing the much larger Uniroyal site they were given development rights to, first. It's really kind of surprising, because they could easily just push out Chene East, but it's going to take quite a bit more time and money to make the Uniroyal site, work. I wonder why they don't just get the small Chene East out of the way, first?
Post Number: 19
|Posted on Wednesday, May 02, 2007 - 5:21 pm: || |
Although the overall population of the City will continue to decline for some time (5 years IMHO), the average household income will be increasing far beyond inflation. That translates to a bigger tax base, yet fewer demands for services. This should lead to better services. We shall see.
Post Number: 531
|Posted on Wednesday, May 02, 2007 - 5:42 pm: || |
Lmich, werent there environmental contamination issues with the Uniroyal site...and specifically a dispute over who would pay for the cleanup?
Post Number: 5451
|Posted on Wednesday, May 02, 2007 - 5:44 pm: || |
Yes, which makes me even more confused why they don't just get Chene East out of the way.