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.

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.

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