While there may be dozens and dozens of square miles vacant in Detroit, Jerry Paffendorf has gone about it a little different. He's selling Detroit by the inches. The project sells square inches for a dollar and those who invest can do with the inches as they please.
Excerpt:
Paffendorf has been selling 10,000 square inches of land on the city's east side in a project he calls Loveland that combines art, entertainment and real estate.
The 69 square feet sit on an empty lot down the street from homes on East Vernor Highway. Loveland's buyers technically don't own the land. But for $1, Paffendorf plans to let them use it as they wish.
Nearly 600 "inchvestors," as Paffendorf calls them, hail from as far as Australia and have bought inches ranging from one to 1,000. They plan to put up tiny buildings, a life-size mailbox and even tiny virtual cities in their Detroit inches.
The plot is slated to go up in the spring. Paffendorf plans to hook up a camera to the site so video of the land can be streamed on the Internet.
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