Housing

Don't Let Bankruptcy Fool You: Detroit's Not Dead

The city's fiscal crisis is an opportunity to harness the region's economic promise.
Reuters

Detroit is not the first city on the verge bankruptcy, nor will it be the last. New York's suffered near-bankruptcy in 1975 and has recovered in ways few could have imagined at the time. Orange County, California, also recovered after suffering the nation's third-largest municipal bankruptcy to date in 1994.

Earlier this year, I mapped the region's highly uneven class geography.