Forbes: "Detroit: A tale of two cities" - DC News FOX 5 DC WTTG

Forbes: "Detroit: A tale of two cities"

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(Credit: Forbes) (Credit: Forbes)

We see evidence of it nearly every week it seems with news of another downtown building being bought up by billionaire Dan Gilbert. That, along with the other signs of renewal including the recent expansion of Cobo Center have helped land Detroit on Forbes' list of cities with 'emerging downtowns.'

The article says of Detroit, "It's a tale of two cities: the one that's bankrupt and then there's the one that's revitalizing its downtown and attracting the young and the restless," says Lee Fisher of CEOs for Cities.

The magazine also gives a nod to Quicken Loans founder Dan Gilbert who has poured millions into redeveloping the area's commercial real estate while relocating many of his businesses to the area.

It's part of a larger initiative to attract 15,000 young professionals downtown by 2015, according to Forbes' Joann Muller.

Read more at: '15 U.S. Cities with Emerging Downtowns'

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