There is no denying that Detroit needs help, a lot of it. But the city isn't hopeless. There are a lot of assets lying around that other industrial cities don't have. Detroit just needs to capitalize on them.
Excerpt:
Institutions developed at the height of Detroit's postwar prosperity
remain--and provide the city with advantages that similarly depressed
industrial cities cannot claim. It has educational institutions in or
near the city (the University of Michigan, Wayne State) and medical
institutions (in part, a legacy of all those union health care plans)
that are innovative powerhouses and that currently generate
private-sector activity in biomedicine, information technology, and
health care management. And there is already a smattering of examples
of old industrial outposts that have reacquired relevance. An old GM
plant in Wixom has been retrofitted to produce advanced batteries.
There's a new automotive-design lab based in Ann Arbor. And Ford, the
most promising of the Big Three, has made a decisive shift toward
smaller, cleaner cars.
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