Why Motown is poised to come roaring back
from GreenBiz:
Why Motown is poised to come roaring back
Joel Makower
Monday, April 20, 2015 - 1:11am
Ive seen the future, and it is Detroit.
That statement may seem audacious for anyone whos read about or visited the city recently. The storied epicenter of the automotive world Americas richest city just a half-century ago has traveled a bumpy road for decades. Since the turn of the century it suffered the financial default of General Motors and Chrysler, the exodus of tens of thousands of residents and businesses, inept or corrupt city officials, exploding debt, a declining tax base and, in 2013, the nations largest municipal bankruptcy.
Today, the city of 700,000 down from 1.8 million in 1950 has 90,000 vacant lots and 70,000 abandoned buildings as well as a 36 percent poverty rate and 23 percent unemployment rate, both the highest in the nation. Motown is, arguably, a city that has run into a ditch.
So, why am I hopeful? There are hundreds of initiatives, from tiny startups to massive public-private partnerships, aimed at jump-starting the beleaguered city and putting Detroit squarely on the road to recovery not as its former industrial self, but as a hub of innovation. It is a model for how to retrofit a city as a hotbed of sustainability economic, social and environmental.
Thats my conclusion from a recent visit there to speak at Powering Progress Together, a daylong forum convened by Shell Oil, part of a series the energy company has produced to highlight the nexus of people, mobility and technology in cities. (I also spoke at a similar forum two years ago, in Houston.) ................(more)
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