New York Times Opinion
“You may have heard the city of Detroit is experiencing a comeback, which is true,” says Farah Stockman, an @nytopinion editorial board member. But the resources that have flooded Detroit are largely concentrated in the downtown area. “All this money is going into pretty much seven square miles in a city about 20 times that size,” she says. A lot of this money is wrapped up in megaprojects like luxury condos that are subsidized by tax breaks and “sweetheart land deals to billionaires,” according to Farah. “It’s got a lot of native Detroiters feeling like, ‘Hey, are my tax dollars subsidizing the very forces that are making it impossible for me to afford to live here?’” | 📷Cydni Elledge #detroit #recession #capitalism #nytopinion
