Detroit will Rise from the Rubble
Detroit has been in a state of rebirth for decades—having barely escaped a death sentence during the economic crisis of the early 2000s. The city, which was once known for industrialization and innovation, became known for its blight, crime, and unemployment rates.
But in recent years, the city has begun to take on a new reputation—one that may restore the Motor City to its former glory days—and it’s all thanks to one factor.
In 2014, the city was taken aback by an unlikely write-in vote for the city’s mayor, when Mike Duggan was elected from what seemed like out of nowhere. Since taking office, Duggan has worked tirelessly to restore the city, focusing on many factors that impact the city both through real estate and economy.
Duggan first took aim at First Responders’ average time, which was listed as 40 minutes when he took office in 2014. He now has them down to a 13-minute response time. He dictated that an ambulance needs to arrive on-scene within 8 minutes. Following that reformation, he turned his attention to the local parks, detailing that the grass will be cut every 10-12 days with no excuses.
However, these weren’t the biggest changes being put into place by Mayor Duggan.
Duggan’s biggest focus since taking office has been in removing the blight that has brought Detroit to its knees.
Partnered with large federal grants, Mayor Duggan has been ferociously demolishing vacant, dilapidating properties at an alarming speed.
Clearing the derelict properties does more for the real estate market than simply increase curb appeal. Duggan’s actions are single-handedly creating higher property value prices in neighborhoods all across the city without the homeowners having to take any action, whatsoever.
According to a study recently conducted, flattening of an afflicted property increases the value of a home 500 feet away by 4.2%.
While Duggan is rapidly exculpating through the eyesores of Detroit, he is essentially putting money back into the pockets of the city’s homeowners. It is no surprise that he took home a landslide victory in the last elections.
News & Image Source: https://www.economist.com/news/united-states/21728959-what-happens-when-city-accustomed-bad-government-elects-good-one-detroit-end