Real estate experts discuss how Detroit can attract development

At the second day of the University of Michigan/Urban Land Institute Real Estate Forum, Albert Ratner, co-chairman of Cleveland-based Forest City Enterprises, Stephen Ross, founder and CEO of The Related Cos., and others how Detroit and other cities can grow population and attract a range of new development.

Excerpt:

Ratner offered the crowd at Cobo Center some ideas to quicken Detroit’s comeback during his keynote speech. ... Small-business investment needs to be nurtured as well, and “doers” like Roger Penske, Mike Ilitch and Dan Gilbert need to lead Detroit’s recovery, Ratner said.

Ross said development and government leaders need a conscience as well, and to think more about sustainable projects that are good for the environment and provide places for people of all income levels to live.

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