Report: Downtown Detroit improving but work needed
Posted on March 23, 2015
Greater downtown Detroit has made remarkable advances in recent years in attracting new businesses and residents. But a new report makes clear that revitalization remains far from finished.
“We should not confuse progress with success,” Dave Egner, president and CEO of the Hudson-Webber Foundation, said last week as copies of the latest edition of 7.2 SQ MI, a statistical portrait of the 7.2-square-mile greater downtown area, were being mailed to supporters. The new edition of the report that was first published two years ago is now available at the website detroitsevenpointtwo.com.
Among positive findings in the latest edition: The greater downtown saw 77 new restaurants and 41 new retail locations open since 2013 when the first edition of the report was issued. Between 2010 and 2014 there were 1,258 new housing units added and 1,754 housing units renovated.