Business, property, property management, real estate

“60 Minutes” To Focus On Detroit

If you are interested in urban real estate, this is worth the watch. Very interesting where this city was , is and where it may be going.

CBS Detroit

DETROIT (WWJ) – Detroit’s bankruptcy and financial problems will be highlighted for a national audience this weekend.

“60 Minutes” is scheduled to air a segment on Detroit this Sunday.

“When something really powerful hits a city, like [Hurricane Katrina] in New Orleans, the federal government is all over it,” said Correspondent Bob Simon, speaking live Friday on WWJ Newsradio 950. “The federal government comes in with all its emergency money and equipment.

“But since the decline of Detroit took so long, it doesn’t get the attention it deserves,” Simon said, “and a lot of people we talked to were pretty angry about that.”

Simon shared his first impression of the Motor City.

“Downtown Detroit looks like a thriving American city,” he said. “It doesn’t have much retail yet, but that’ll come.”

“It’s just, as we all know, you drive five minutes out of town and you’re in another world,” Simon added. “I’ve…

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