Detroit is changing. People having been moving away from the city and home values are plummeting. The US automakers are barely surviving, and even if they all do, more layoffs are bound to happen. What will happen to these people and their city?
More Detroit details can be found in a Bloomberg.com report by Michael McKee and Alex Ortolani:
Among the uses of the unused land in this large city are vacant-lot farms. But so far, there is no vision from the city council. The city is looking at a huge estimated budget deficit.
It looks as though the car manufacturing business is on a steep decline. Detroit needs more options. Can the city government and the remaining residents plan and work towards a more diversified economy fast enough? There is no other option. Detroit will live or die based on the decisions made by local planners and visionaries.
The "western world" appears to be on the verge of monumental changes. Detroit may be one of the first areas to be hit so hard.
I wonder if there are any other regions in the West that are undergoing similar economic hardships. If not, there will be others. Which city will be next?