Hipsters and a Billionaire Come to Detroit’s RescuePosted: July 16, 2013
While the city of Detroit stares bankruptcy in the face, its central business district is enjoying a renaissance.
The city has become something of a Gen Y paradise, the Brooklyn of the Midwest. “Recent census figures show that Detroit’s overall population shrank by 25 percent in the last 10 years,” The New York Times reports. “During the same time period, downtown Detroit experienced a 59 percent increase in the number of college-educated residents under the age of 35, nearly 30 percent more than two-thirds of the nation’s 51 largest cities.”
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