The city bounced back by attracting new investments by awarding tax abatements to commercial developers while raising consumption and property taxes on residents.
Local residents say the changes have the potential to be beneficial, but also raise concerns over gentrification and displacement."Walking around Detroit in 2008 or 2009 is not the same as walking around in 2022," said Ramy Habib, a local entrepreneur. "It is absolutely magnificent what happened throughout those 15 years."
Between 2010 and 2019, just 708 new housing structures went up in the city of Detroit, according to the Southeast Michigan Council of Governments. Much of the new construction traces back to the philanthropic wings of large local businesses. For example,
Detroit is a toilet.
Kindly shut the hell up about gentrification. Like people want to live in a rundown ghetto?
Hidden gem for investments
Lol. There is no fixing a Dem run city
So you want to keep the crime and homelessness. Got it.
Bullshit. The demographics of the city will not allow for a resurgence.
As a heritage/ethnicity We should create our own Communities. Those neighborhoods don’t belong to us. Most businesses in our “neighborhoods” belong to other ethnicities. This would be a great time for economic growth, etc. within a community of our own.
'It's great to see Detroit bouncing back, but it's a shame that the price has been paid by Black and brown neighborhoods. NotAllProgressIsGoodProgress'
Who created the word gentrification ? What an idiotic concept replacing improvement.
Did anyone stop to ponder that it is this because its what people really want? Is it so bad? I think not.
Guess no one there sae 'Cars' or understood it
🙄
Why? Why black and brown? We are together in this. 🖕 I’m on the side of MLK. I want a country where we don’t care, and I don’t. I care about the character of people, not the color of their skin. So 🖕your race baiting! 100% DONE WITH THAT!
Infrastructure is never designed on a whim but at least we can be thankful that if it was further purposes of dividing the community they did it with a road and not illicit substances.
Holly WOKERS at it again. Do they put only blacks need apply? Are they all designed by colored folks are they built 100% by colored folks. Will 100% be Colored.
So what? Those paid more taxes should be rewarded.
Job for ' It better not be racist' , Mayor Pete. Don't get Detroit wrong of all places.
So worried about new investment - are Democrats saying they should leave it be a pile of shit ?
🦖 Right. Right. How many more busineses will get chased out with your opinions
Gentrification: When you keep the people down, they will not be the ones doing the gentrifying. The left never does anything about the obvious. tt:lizpeek berthacoombs
Detroit isn't gentrifying. It's finally recovering.
CNBC are u trying to divert our attention to Detroit and not GM & Ford because they're in a s*** pot full of trouble. They're in debt to begin with they're selling cars at a loss that are electric and now they're trying to reintroduce the ice car so they can make some money
Liberals love chasing shadows. Instead of addressing the elephant in the room they’ll focus on the color of the cheese. We know it’s violence and drugs that ruined Detroit. If that isn’t fixed, you can get rid of the highways for all I care but the place will remain a hellhole.
Gentrification doesn’t apply to a race. It equates to nice, safe, flourishing areas of development an investment. Quit implying those are bad for minority populations.
Lol dude, all the neighborhoods are black.
Leave/abandon downtown= racist white flight Develop/move into downtown = racist gentrification
Pay close attention! detroit
Don’t care. After voting in democrats who travel the world fighting trump and climate change instead of fixing Detroit is obviously what the people of Michigan want. They can choke on their water
Black people moving in we must embrace…white people moving in is a concern. Another in the long line of double standards in this country.
Rich investors are the vultures who will make all the money, destroying trees, old beautiful homes & character of a city replacing it with cookie cutter ugly concrete structures in the name of affordable housing. And the city officials are equally mixed up in this scheme.
Of course there will be gentrification. Detroit has no where to go but up.
It’s called rebuilding ! “ Gentrification” it’s called disinvestment! some areas just let their properties go to shit !
Old prosperous areas grow old and then become poor ghettos…then rich people buy them again and make them prosperous again. It’s a cycle.
Racist! We’ve almost checked that box for every single thing in our lives… Where do we go from here?
Gentrification bawahahaha. Sounds better than a crime ridden slum!
This article is a joke. If you take a dump on any corner in Detroit that’s gentrification…
How can you displace anyone in Detroit lol its the empty home capital of the US
Because they don't want to work all they want is money
Libs - “No one invests in black communities!” Investors - “We will invest in your community 🤝” Libs - “Stop gentrifying black communities” 🤡
Is it gentrification if no one is displaced?
'Gentrification' is just racism.
Bringing in people with money to spend = gentrification
in other words black folk have to go
Gentrification is probably going to be a great thing for Detroit.
😂😂 not serious.
Must be racist roads. Did they have white lines on them. Coke, Meth, and Fentanyl àre white too. But ya still have to have it. How racist can a news be.
The highway serves as a way to pass through the area without getting robbed.
Woke media never stops shoveling this garbage.
1/ I’m Hispanic. I’ve lived in neighborhoods that have been negatively affected by city infrastructure but we gotta stop this shit about everything being about our race. It’s not serving us.....
The highway isn't the problem, the crime is.
Illegals getting it done not to codes sad.
Giving life to a dead city is now considered racists...🤣🤣, Americans are not stupid.
Why isn't 'gentrification' just called racism?
This will hurt black Americans 🇺🇸
Those damn racist roads 🙄
Detroit once had almost 2 million people and was prosperous and then guess what happened
People are lining up to protest cleaning up $hit.
The growth and opportunities will out weigh the displacement. These developers need to find ways to work with the communities they may displace in long term and sustainable ways. Let them help lead and build the vision.
Gentrification and displacement is a heck of a lot better than shootings, drug fiends, rapists and muggers.
Spewing racism is not flattering.
It’s always something with “a certain element” of whiners in our country. Why should anyone bother trying? One can never satisfy these people.
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hopefully isolating them to protect good areas
The city is paying a heavy price
Quit calling them by color. They’re human beings you bums
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focus on the waste and corruption of the city… not the people risking money to improve things. shame on cnbc and whoever created this nonsense
without investment the tax coffers would be bare and the current residents would be screwed
displacement? it’s an enormous low pop density city literally an urban prairie with deer running around bombed out houses! endless space .. this may be the dumbest tweet i’ve ever seen.
There are problems with the audio on some segments of this interesting video. Please fix it and post it again.
Please explain gentrification to me? People moan about how crime ridden and run down their neighborhoods are. Fix them up and they get mad. Leave them alone and they get mad. The idea is everyone wants a luxury condo and the govt/taxpayer to supplement the cost of living?
Make up your mind. Do you want prosperity or to house the poor? Pick one. You cant have both.
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