Since the City of Detroit emerged from bankruptcy in 2014, the popular narrative about Detroit has become more optimistic. Both the media and academic writers have found it easier to say nice things about Detroit. Businesses have moved into the city, housing is being built and property values are increasing. Both Ford Motor Co. and Fiat Chrysler will invest hundreds of millions to bring thousands of new jobs to Detroit.
But all of this recent development activity does not mean that Detroit has turned the corner on its road to recovery. Because most investors still look for substantial public subsidies for their Detroit projects, the city’s comeback remains fragile.
Moreover, some have questioned the extent to which these projects actually benefit Detroit residents. Do these