Developer pitches $1B commonwealth for Belle Isle
"Detroit — As the broken city thinks big and radically about its future, a developer is stepping forward with a revolutionary idea: Sell the city's Belle Isle park for $1 billion to private investors who will transform it into a free-market utopia.The 982-acre island would then be developed into a U.S. commonwealth or city-state of 35,000 people with its own laws, customs and currency."
Read the full article here.
Now that sounds like an interesting idea, something that would actually work. Set up a place where entrepreneurs can thrive, and they will. The effects of that activity will spill over into the surrounding area - Detroit - and revive it.
"The idea won't go anywhere, said George Jackson, president and CEO of the Detroit Economic Growth Corp., the quasi-public agency that promotes development for the city.
"Belle Isle will get fixed," Jackson said, referring to an agreement to turn the island into a state-run park. "It won't be that plan. But it will be fixed."Huh... A new, vibrant, economically free city-state that would be home to 35,000 motivated, wealth producing individuals, or a park that does... nothing (unless you count "suck up tax dollars" as something).
With attitudes like that, it's no wonder that Detroit is such a stunning success.