As the embattled shell of a metropolis that is Detroit sorts out its bankruptcy, Chinese real estate investors are flocking to the Motor City and snatching up land by the city block. While it’s good news for the world that China is shifting capital abroad, it’s bad news for Motown. After decades of corrupt government oversight, the city has been reduced to a shell of its former glory and foreign powers buying up land for pennies on the dollar are only going to make things worse. Detroit’s motto- ‘Speramus Meliora; Resurget Cineribus’ (We Hope For Better Things; It Shall Rise From the Ashes) – is rather fitting.
Links
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-> Ron Burgundy’s Durango Campaign Helps Dodge Laugh All the Way to the Bank
Top Photo: Michigan Municipal League (MML) via Flickr
