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Detroit: We need $850M to tear down 40K houses

Detroit: We need $850M to tear down 40K houses
Posted Wednesday, May 28th 2014 @ 11am  by John Johnson, Newser Staff

(NEWSER) – Just how bad is Detroit's blight? It took a major task force 331 pages to summarize the problem and recommend solutions, but that's hardly the most jaw-dropping number involved. The panel says the city needs $850 million to tear down 40,000 mostly residential properties over the next five years, reports the Detroit Free Press. And Detroit will need more than $1 billion in addition to that to clean up vacant industrial properties.

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