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Publication

Needing and Fearing Billionaires in Cities Abandoned by Wealth

Anderson, Michelle
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Abstract
"Heck, we invented the middle class," wrote journalist Mitch Albom of Detroit in its heyday.' Today, the city is inventing something else entirely. A small group of billionaires is leading what surely must be the largest privately fiĀ­nanced urban transformation in American history. Detroit's new model for growth is premised on radical inequality, and it may well perpetuate it too. Is it good news anyway?