$258 Million Detroit Project Falls Through

By: Associated Press
By: Associated Press

DETROIT (AP) -- A $258 million project announced six years ago to build about 3,000 houses in Detroit that was invested in by former Housing and Urban Development secretary Henry Cisneros has fallen through.
The Detroit News reports Thursday the project was planned for about 1,200 acres on the city's border with Grosse Pointe Park. Detroit spent millions of dollars to acquire land, tear down houses and rebuild roads in anticipation of the project. The newspaper reports the land now is a dumping ground for trash.
Cisneros blames an "unfortunate convergence of events" for what happened with the project. The former San Antonio mayor says the project "never got started."
The report comes as Cisneros was to be in Detroit to speak at a conference on helping cities that are losing population.

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  • by C Location: M on Apr 14, 2011 at 08:06 AM
    The whole city is a dumping ground what the difference
  • by Anonymous on Apr 14, 2011 at 06:15 AM
    Not enough JOBS to pay for homes.Hurts many but---.the poor need nothing.Why are they poor.NO JOBS.Homes aren't selling in this economy and it is going to get worse as GAS prices remain high,and other prices continue to go up.Many more will end up loosing the homes they have.
  • by James Location: Lansing on Apr 14, 2011 at 05:50 AM
    Nobody would have moved there anyhow. The whole city is a dumping ground.
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