Opinion: Reviving Detroit From the Ground Up (CNN)

May 22, 2013
When others dismissed Detroit as a falling knife unworthy of investment, David Egner saw something else. Egner imagined Detroit regenerating from within, with damaged civic tissue repairing itself to foster new life and commerce. The secret, Egner figured, is harnessing the collective power of what he calls "anchor institutions": in this case, Wayne State University, Henry Ford Health System and Detroit Medical Center. It turns out Wayne State, Henry Ford and Detroit Medical employ about 30,000 people, hire 3,300 associates every year, enroll 32,000 students, control about half of Midtown's real estate and -- perhaps most important -- spend about $1.7 billion every year on goods and services. Full Story