Vacant land becoming asset as development returns to Detroit.
When Fiat Chrysler began considering where to build its next assembly plant, the automaker didn't have to look far to find land.
Detroit is now working to secure the land needed for Fiat Chrysler. Some is home to an old power plant. A tree-planting operation is on another part. A large chunk is privately owned and leased to the automaker as a lot for new vehicles. The effort is seen as more good news for the city that is still rebounding after its 2014 exit from the largest municipal bankruptcy in U.S. history. Bolstered by auto and other manufacturing jobs, Detroit nearly was bursting at its seams by the 1950s when the city's population rose to about 1.8 million. But white people started to leave the city for the suburbs. The outbound tide swelled following a 1967 race riot. The black middle class followed.
"Really, in some ways for Detroit to grow it had to shrink," said Clifford Brown, managing partner of Woodborn Partners, which is building a $16 million mixed-use development in southwest Detroit."The vacant land is just emblematic of Detroit needed to shrink for a while before it could get healthy. Those who were optimistic said was just resting."
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