Detroit house auction flops for urban wasteland
DETROIT (Reuters) - In a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. Taken together, the properties seized by tax collectors for arrears and put up for sale last week represented an area the size of New York's Central Park. Total vacant land in Detroit now occupies an area almost the size of Boston, according to a Detroit Free Press estimate.
Original Article: Forum: News/Activism
Tags: Arrears, Boston, Central Park, Detroit Free Press, Detroit Press, House Auction, Reuters, S Central, Speculators, Tax Collectors, Vacant Land, Wasteland, X27