Forbes has an article about a home builder who is reducing blight in Detroit by raising money to demolish homes and other abandoned structures. However, the article gives some clues about why those neighborhoods are blighted in the first place.
Abandoned home in Detroit.
As everyone knows, large swaths of Detroit are in a blighted condition, with close to 80,000 abandoned homes and other structures as the city has lost a quarter of its population in the last decade alone. In 2010, the city set a goal of trying to remove 10,000 homes in three years, but met only half this goal at a cost of $72 million, or close to $15,000 per home.
