Recently I wondered what if the past and current administrations had invested the roughly fifty billion dollars that it “invested” in the auto industry in redeveloping the city of Detroit?
What If the federal government had invested half the amount of money that it invested in Chrysler and G.M., which is about twenty-five billion to redevelop the city of Detroit? What might the results be? I believe that such an investment would have lifted up the overall auto industry in Motown?
Today there is no other word to describe Detroit other than just sad. You walk around downtown as I did a few months ago and you see all these great old tall buildings and it makes you cry to think about how awesome a downtown this once was.
Using twenty-five billion in redevelopment capital targeted towards making Detroit a World Class city once again verses Bailing out G.M. and Chrysler with fifty billion dollars might have been a better investment. After all both companies still went into bankruptcy and are being sold off in parts to other auto makers. We could have just saved that fifty billion and just let the business cycle be fulfilled under the capitalist system we believe in..
Who would have thought back when the government was debating what to do to save the auto industry other than me, that a better way to help the “Big Three” is to rebuild the city of Detroit. History has repeatedly demonstrated the obvious, and that is a region goes up together, as well as, falls down.
When a city or region is infused with a massive amount of targeted development and redevelopment, you not only reinvigorate the city, but also the industries and businesses in that region, as well as bring in new industries and businesses to meet the needs of a reborn World Class City.
Twenty-five billion would go a long way in making this, my dream, a reality.
