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News Link • Government Debt & Financing

They're bulldozing a fifth of Detroit

Bad news for fans of ruin porn: Detroit is hoping to rid itself of its unique collection of dilapidated buildings and elegantly rubbish-strewn abandoned lots, and all within the next five years.

In May, a group ominously titled the "Detroit Blight Removal Task Force" released a report claiming that around 22 per cent of the city's properties were "blighted" – vacant, damaged or considered dangerous. They also found that, of the 84,000 properties owned by public entities, just over 5,000 were occupied by squatters, making the city of Detroit, the report's authors noted, "a very large and inadvertent landlord".

The task force's proposed solution is to demolish it all over the next five years and start again. Unfortunately, the plan doesn't extend to rebuilding the properties – it'll be down to private companies and developers to buy up the land and rebuild.

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