Downtown Redevelopment – Good for the City?

October 13, 2009

This is a very ambitious plan that will cost a significant amount of money, granted most of the financing coming from matching state and federal funds. However, does anyone else wonder what the city will do if they build all the new condos along Ten Mile River as part of the development and then can’t sell them? Will the city be left “holding the bag” adding to an ever increasing debt burden in a fiscally challenging environment?

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