Skip to comments.Poll: Should Canada buy Detroit?
Posted on 07/18/2013 6:29:39 PM PDT by rickmichaels
TORONTO Detroit made history Thursday afternoon becoming the largest city in U.S. history to file for bankruptcy. If the bankruptcy filing is approved, the citys assets may be liquidated in a massive auction to repay the citys estimated $14-20 billion debt. But rather than seeing the former hub of North Americas automotive industry picked clean by creditors, Global News puts forth another suggestion:
What if Canada just buys Detroit, warts and all?
(Excerpt) Read more at globalnews.ca ...
Talk about bad investments. I’m pretty sure it comes with the residents, and nobody in their right mind wants those.
As a tear down?
Buy it? Heck, give it to them as an early Christmas present.
Give it to em.
Pay ‘em to take it if they’re that dumb.
Canada is already buying considerable chunks of Detroit.
I doubt we could pay them enough to take it.
Why in the world would Canada, or anyone for that matter, want the giant error that is Detroit?
To all- please ping me to Canadian topics.
Keep it, please!
As is with all the contents ( including occupant s). $5.00
Really? Someone will pay good money for it?
I can’t imagine many of the abandoned buildings in Detroit having any value to them. Mostly rotted wood. All the cooper and scarp are long gone. If they want any money, they can go after Joe Louis Arena, the only sports venue owned by the city.
One potential upside- because the current residents are not Canadian citizens, they wouldn’t be allowed to vote for mayor or council.
Detroit is the only city in the US that lies north of Canada. Canada wouldn’t possibly want to eliminate that distinction.
Not relevant to this or any other thread.
Detroit is upside down. Liabilities exceed assets. Expenses exceed income.
Banks won’t complete foreclosures, because then they own the property and have to start spending money on the worthless asset.
So just where is exactly is this “South Detroit” that Journey sings about?
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