Downtown boosters celebrate successes at annual luncheon
At Downtown Detroit Partnership’s luncheon, city officials touted
recent demographic studies that demonstrate that Downtown and its
surrounding neighborhoods are more-populated than was previously
thought — and its 74,300 residents are affluent and well-educated.
At Downtown Detroit Partnership’s luncheon, city officials touted
recent demographic studies that demonstrate that Downtown and its
surrounding neighborhoods are more-populated than was previously
thought — and its 74,300 residents are affluent and well-educated.
Excerpt:
Among the facts: The $59,300 average income
of downtown residents is 33 percent higher than shown in previous
census data. Robert Penske also noted that three market studies show downtown
and adjacent neighborhoods have far more economic potential than census
data indicates.
The studies were released in the past year by the
University of Michigan, Katherine Beebe & Associates and most
recently, Social Compact. Penske praised Washington-based think tank Social Compact’s “leading-edge technology” that used data such as private and
public tax assessor records, credit card transactions and building
permits to determine the area’s economic worth.
Read the entire article here.
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