Sunday, February 8, 2009

Revitalization on hold

The Free Press confirms the obvious today: the revitalization of downtown has stalled. The proposed Cadillac Centre is dead, condos aren't selling, and Quicken's move downtown is highly uncertain. New hotels have opened and DTE renovated its campus, but those projects were underway before credit dried up. Some existing stores are disappearing, too, like the downtown Borders. Development isn't totally dead -- five new coffee shops have opened recently -- but things have sure slowed down.

No comments: