Where are the Detroit Developers?

Believe it or not, Detroit is one of the hottest cities in the world, abundant with opportunities. Investors all over the world are asking which way is Detroit? And yet, Detroit developers seem asleep at the wheel… sleeping through the greatest recession of our lifetime. Where are the Detroit developers?

By Detroit developers I mean people like you and I that will find, fund, fix-up and flip properties for a good return and community pride. This is our city and we need to participate in it’s revival.

Think about this: In just a few years, Detroit will be debt-free with a tremendous amount of cleared land ready for redevelopment. It should have new, smart street lighting (with security features) and a revamped police department. The economic picture looks even better. Look around you, most of the cars are older which means years of pent up demand for automobiles. The auto industry will be hiring engineers and computer wizards for a long time. As a matter of fact, SE Michigan now hires more computer and engineer geeks than any area outside of Silicon Valley.

We also have 25 percent of the fresh water in the world. Sooner or later, industries will move here or come seeking water to survive. Just look at the Pepsi Co. bottling plant on Russell and Mack. It bottles and ships our water around the world, to the tune of $4.6 billion last year. Yet, no one has thought about doing a joint venture with DWSD to accomplish the same thing. After all, it is our water.

Wake up, Detroiters! Others are eating our lunch at our own kitchen table.

I intend to do something about this. Those persons interested in helping to redevelop the city and become developers/investors in Detroit are encouraged to contact institutions offering developers courses such as Lawrence Technological University; Taubman School of Architectural and Urban Planning at the University of Michigan and Strather Academy which intends to create the next generation of urban developers.

If you decide to help Detroit restore its proper place in the world, first seek knowledge from experts to maximize your chances of success.

Crain's Detroit Business- September 5, 2014