ipl-logo

Detroit Is Gone Forever Case Study

377 Words2 Pages

Detroit is Gone Forever

"Detroit 's coming back," Michigan Governor Rick Snyder announced as he left for China to discuss trade. "We’re emerging from the bankruptcy. A lot of things are going on in terms of investments.”
What he didn 't mention is that he was selling Detroit off to the Chinese.
Detroit is bankrupt. Buildings are vacant. Homes are foreclosed upon. Factories are sitting dormant. Prices for all of the above are at rock bottom prices, and China has a bottomless checkbook with a huge need to expand its influence. Governor Snyder sees a match made in heaven.
According to NBC News, "With family homes regularly selling for around $10,000, the beleaguered Motor City is now the number-four destination for Chinese housing …show more content…

Currently over $18 billion in debt, the backing of Chinese investors seems to be a good idea. But if Detroit is going to reclaim its place as one of the world 's greatest manufacturing cities, it cannot sell off its wealth.
If there was a thought that China was simply looking to help the people of Detroit get back on their feet, consider the thoughts of some of the millionaire investors. “There are factories, commercial real estate and upscale areas around Detroit with proximity to good schools that are worth investing in". Another posted, "700,000 people, quiet, clean air, no pollution, democracy — what are you waiting for?”
What is who waiting for? One of the main selling points is a "new 10-year visas for the Chinese announced by President Barack Obama during a recent visit." Governor Snyder is "lobbying for 50,000 special federal immigration visas to entice even more investors."
Detroit may soon have its name changed from Motor City to Little Beijing or American Shanghai. If you wonder just how easy it is for the Chinese to make these purchases. NBC News noted that in 2013 Dongdu International Group of Shanghai (DDI) bought three historic Detroit structures including the Detroit Free Press building. The price, $13.6 million (the same price as a luxury suite in

Show More
Related

  • Nickel And Dimed Summary

    754 Words  | 4 Pages

    Yet, she spent the last twenty plus years in Pittsfield, Massachusetts (where my siblings and I were born). In March of 2011, our family took off to Ohio with the Greyhound. Ohio and the city of Cincinnati is much larger than Massachusetts and the city of Pittsfield. Caroline was in search of a state with lower rent. We assumed that such large populations would grant bigger and better opportunities.

    Read More

  • George Cannon's Migration To Michigan

    368 Words  | 2 Pages

    People have moved to Michigan for various reason, but it all comes down to survival. At the time thousands of slaves used the underground railroad, which lays in the south of Michigan, to escape being used and abused. People want to be treated like people, but in the 1800’s African Americans freedom lied within their owner’s hands as if they were property. Henry Bibb wrote to his capture William Gatewood in 1844 from the underground railroad after he escaped the torture.

    Read More

  • Present Day Detroit Analysis

    963 Words  | 4 Pages

    As I mentioned before the direct correlation between Clayton and Jonno is almost identical. They shared minuscule moments in which they construct small bonds which helps express my argument as they both strive for the same outcome to become a viral success and attract an audience. With their each of their unique and individual art form we see Clayton and Jonno trying to invoke the brokenness of Detroit through their work of art as stated in this quote “Against the decaying backdrop of present-day Detroit, a series of horrific crimes appear to be the work of a twisted serial killer. But layered onto the story is a cynical look at the future of journalism and a big dollop of the supernatural.”

    Read More

  • How Does Detroit's Mentality Change

    866 Words  | 4 Pages

    Mentality from an Outsider “R,e,s, p, e, c, t, find out what it means to me,” are famous lines from Aretha Franklin’s smash hit Respect. Those lyrics can be applied to the city of Detroit as well. Detroit had the respect of America. It was a city full of opportunity, a city where immigrants from all around the world could come and find work, a city full of innovators. Now, America considers Detroit as the gum on the bottom of your shoes.

    Read More

  • Detroit Arcadia Analysis

    846 Words  | 4 Pages

    This seems to foreshadow a time beyond the urban decay and poverty when Detroit is no longer a symbol of a filed one-industry

    Read More

  • San Francisco Gentrification Case Study

    1162 Words  | 5 Pages

    In order to understand our statistical data, we must first accurately grasp the definitions of gentrification and displacement. Gentrification means a demographic or physical change that conforms to the middle class. The financial definition of middle class means that a single individual or household makes between $50k-120k annually. Uniquely, displacement is the removal of something or someone by something else that takes their place. In our case, looking at gentrification in the San Francisco area within the last 10 years will possibly birth an explanation as to why Artist displacement is/was on the rise.

    Read More

  • Gentrification All Bad Justin Davidson Analysis

    1841 Words  | 8 Pages

    On a normal scale, measuring the association between two subjects, one would assume gentrification and school segregation are not related in any sense. In fact, most would argue that school segregation ended in 1954 with the Brown v. Board of Education. This assumption would be incorrect. Deep within the American society lies a new kind of segregation that is neither talked about nor dealt with. Segregation is a result of gentrification—the buying and renovation of houses in deteriorated neighborhoods by upper-income families or individuals—thus, improving property values but often displacing low-income families.

    Read More

  • Detroit Race Riot

    925 Words  | 4 Pages

    The Detroit Race Riot of June-July 1943 always had the question mark as to what the cause was for the riots. It has also been known as the “biggest and bloodiest race riots in the history of the United States” of America. A review that was completed by Welfred Holmes reveals some information from the book with the title: The Detroit Race Riot: A Study in Violence by Robert Shogan, and Tom Craig. The information that came to the fore was that the book explained the build-up to the riots as it occurred at least one year before the event. It was revealed that the morale of the Black people (Negroes as the book calls them) was very low.

    Read More

  • Analysis Of Naked City: The City That Lost Its Soul By Sharon Zukin

    1131 Words  | 5 Pages

    The conclusions of gentrification has shifted in recent years, whether it stands for its moral or corrupt. In the course text from the Sharon Zukin’s article, “Naked City: The City That Lost Its Soul”, argues that gentrification is often detrimental to low income/longtime residents, destruction and the end of old authentic neighborhoods. Zukin argues, based on the facts on white-collar men and women have taken up all space, development of new residents and creating a cultural/economic barrier between rich and poor, young and old. Vice Versa, according to recent studies and new formulas of gentrification, it is an effective urban planning strategy because it minimizes the growth of slums, prevents crime and causes growth in the economy. Therefore,

    Read More

  • Essay On Housing Discrimination

    1517 Words  | 7 Pages

    Maintain status quo. According to a survey of mayors, most of them expressed desire for higher housing values. For them, the ideal neighborhood is “older areas that have maintained housing values.” In light with economic imperatives and logic, mayors need to prioritize economic growth.

    Read More

  • Case Study Jaguar Land Rover

    1668 Words  | 7 Pages

    China is the world leading car producer at 24.6%, this gives China power over other countries and companies, allowing the Chinese government to retain bargaining power by imposing specific entry restrictions. China’s government only allow entry of company’s if they are a joint venture (Cumbers, 2011), this way China retains at least half of the profit, showing how power creates a hierarchy and how the economic power is maintained. Chery QQ3 is an example of localisation, as the hybrid model adapts to the Chinese’s cultural and economic needs by producing energy efficient low cost cars, costing less than $5000, applying to the Chinese market. Chery Jaguar Land Rover is an example of strategic coupling as East Asian firms obtain powerful strategic positions within the global market place. Since industrialisation, the state’s role in most East Asian countries is being minimized as the power executed from these global firms continues to shape and control the global economy.

    Read More

  • Huaneng Power International Case Study Solution

    1308 Words  | 6 Pages

    Will foreign investors be interested in investing in this company? Even though PRC’s central government guaranteed a rate of return of 15% on equity financed net fixed assets (White 1998) to HPI, and certain other companies operating in the power sector, the potential risk of political changes in the future (and with that the possible loss of said guarantee) could not be fully eliminated. Thus, it was the right time for HPI to look for alternatives, especially because different PRC firms had successfully been raising equity (White,

    Read More

  • The Impact Of Globalization In China

    1404 Words  | 6 Pages

    First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have

    Read More

  • Unit 407: International Business Strategy Of ANZ Banking Corporation

    3578 Words  | 15 Pages

    Name: Stephen Catterall Student ID: 864309 Unit 407 – International Business Strategy (Blended MBA, 2014) Assignment Report for senior management evaluating how well ANZ Banking Corporation, is currently performing, and recommending how it can improve its international business performance with a view to its further expansion into the China (PRC) market. Chair: Dr. Vanaja Karagiannidis Date: 25th August 2014 Word Count: 2,649   Table of Contents 1 Executive Summary 4 1.1 Project Summary 4 1.2 Procedures Used 4 1.3 Problems Identified 4 1.4 Results 4 1.5 Recommendations 4 2 Introduction 6

    Read More

  • Volkswagen Positioning Strategy

    799 Words  | 4 Pages

    The Strategy for VW it is focusing on positioning the Volkswagen Group as a global economic and environmental leader among automobile manufacturers. To achieve the goals the company has defined the most important objectives that it needs to meet to be the most competitive car manufacturer in the world and the goal is to make Volkswagen the most successful, fascinating and sustainable automaker in the world. • Volkswagen intends to deploy intelligent innovations and technologies to become a world leader in customer satisfaction and quality. We see high customer satisfaction as one of the key requirements for the Company 's long-term success. • By reducing the sales price and reintroduce the brand into those countries where its position is weak; the U.S.,

    Read More

More about Detroit Is Gone Forever Case Study

Open Document