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Economy
On this page you'll find all of our stories on the city of Detroit.Suggest a story here and follow our podcast here.

Detroit bankruptcy is not deterring $55 million Rivertown development

Detroit_Riverfront_Fabienne_Kneifel.jpg
User: Fabienne Kneifel/Flickr
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The news of Detroit's bankruptcy filing has been relentless.

But that Chapter 9 filing does not seem to be completely stalling economic growth and development in and around downtown.

Case in point: Rivertown -- a $55 million proposed development along the east riverfront. It recently won approval from the Detroit Economic Development Corporation.

Rivertown would have townhouses, apartments and small-scale retail.

Richard Baron, chairman and CEO of real estate development firm McCormick Baron Salazar, joined us today to talk about the development.

Listen to the full interview above.

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