In economic terms, Detroit has unquestionably been the most severely impacted metropolitan area in recent American history.
The double-blow (subprime mortgage crisis, combined with the US automotive industry crisis) that impacted the capital of Michigan led to the first major metropolitan area bankruptcy and bailout, in 2013.
Only years later, Detroit is reborn from its ashes; and the city’s renaissance is spectacular:
- The highest growing real estate market in North America (Bloomberg)
- Debt-free city
- Ford, General Motors & Chrysler, all based in Detroit, today manufacture 92% of US-made cars
- Microsoft, Google, and most IT giants have established regional headquarters in Detroit
- Detroit-born billionaire Dan Gilbert has invested a total $5.6 billion in the city
- Detroit is today the new hype place of culture, capital of the Arts, and one of the most prized destination for tourists in the United States of America