A wealthy entrepreneur bought up *an entire neighborhood in Detroit* for $540K

[mahatmakanejeeves]

philip lewis Retweeted

During the 2008 recession this was done to minority neighborhoods in Chicago and developers basically used blight as a reason to bulldoze them.

A wealthy entrepreneur bought up *an entire neighborhood in Detroit* for $540K with the intent to ‘beautify’ it.

A decade later, he’s sold about 10% of the properties for more than $9.5 million. The rest are sitting vacant, racking up blight tickets https://bridgedetroit.com/john-hantz-tree-farm-detroit-east-side-blight/
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[Kittycatkat]

1. Moneygrubbing Sloth are going to own us all soon.

[CrispyQ]

2. 21st Century Feudalism is the goal & we're right on track.

A little ahead even, thanks to Covid & ideocracy.

[jimfields33]

5. The mayor should have done something with the city.

The whole city could have been upgraded. For some reason selling the property was easier.

[Kittycatkat]

6. It's called Payola.

[DownriverDem]

3. Why don't they

There are areas where there are a few houses and vacant lots. Then there are areas where there are a few homes with folks living in them. They should clear out the vacant areas and offer folks homes in the other area. Clear the land and come up with new plans. It's too expensive to provide services in some of these areas.

[Delmette2.0]

4. They would create jobs left and right.

Jobs during the clean up, during the fixing up and businesses would have local people to hire.