Detroit Survival Depends on Speed of Destruction
This article is for subscribers only.
William Pulte says the only way to truly save Detroit and get the housing market functioning properly again is to destroy large swaths of the city as quickly as possible.
Pulte, a scion of the family that created PulteGroup Inc., the largest U.S. homebuilder by revenue, has already knocked down 10 blocks on Detroit’s Southeast as part of the proposed nonprofit Detroit Blight Authority program. It’s a preview of the effort he says is needed to get ahead of the metal strippers and arsonists devastating the city’s property values.