Earlier today
we posted a story with a map of all of Dan Gilbert’s properties in downtown Detroit.
That got us thinking, who else owns a lot of property in Detroit?
In 2011, the Detroit News compiled
an interactive map that shows private landownership. Click on each person or company and you can see how much land they own across the city – it’s a lot.
So who owns the most?
Michael G. Kelly, an unassuming investor from Grosse Pointe Woods.
Christine Macdonald wrote an article that goes with the map. At the time of her report, Kelly owned 1,152 parcels in Detroit – most of them empty lots and buildings.
Matt M. Tatarian – a business partner of Kelly – owns 1,003 parcels.
Manny Moroun also owns a lot, about 619 parcels.
These men and others buy cheap Detroit properties in bulk, hoping to resell them for a larger profit.
Detroit is coming back. The only people not benefiting from the comeback are black Detroiters
"The black poor in Detroit and around the country are unique. They are poor because they don't have the economic resources, such as jobs
For years, local advocates have warned that Detroit’s celebrated recovery and economic comeback were misguided, concluding that the beneficiary of these economic gains was largely...
www.metrotimes.com
Majority Black Detroit left behind as economic recovery benefits white and wealthy
The white and wealthy are not Democrats.