Southwest Detroit, Springwells Village
Coplin Street, Detroit.
The former American Motors headquarters in Detroit.
Oddly enough, this was a tax foreclosure auction property in 2015 – when the once 1.4-million square foot structure sold for $500, briefly. The sale never went through, and the property was transferred to the Wayne County Land Bank.
Last year, the site was included in a land swap that brought it to the city of Detroit, where it’s slated for redevelopment. Hopefully that’ll be a boon the the neighborhood immediately to the east of the site, which has dealt with scrappers, vandals, and the attendant issues of a 1.4 million square foot building sitting vacant and unwatched nearby their homes.
Exeter Street & 8 Mile, Detroit. Getting some new Street View imagery in Detroit from 2016 and 2017. Not everywhere in the city, but some places.
Occupied homes entering tax foreclosure auctions, and properties in auctions overall, have come down significantly from their peak a few years ago.
The concern, however, is that system-wide fragility remains high: Just as many occupied residential properties are tax delinquent today as in 2013. This should be the target of reform, well before properties face the auction.
Vacancymphony. Good with headphones.
In “The Producers” two men discover they can make more money with a Broadway flop than with a hit.
In Detroit, county government discovers it can make more money with a tax foreclosure, than with a taxpayer.
I guess that’s what they mean by ‘life imitates art.’
READ ABOUT IT HERE: http://wdet.org/posts/2017/06/07/85305-is-the-tax-foreclosure-process-good-for-wayne-county-but-bad-for-detroit/
“Please note which crisis is responsible for the vacating of your property.”