(1) Joanne Muller, Detroit’s Happy Home Wrecker. The Pulte family made billions buiding houses across the US. Now, Bill Pulte is tearing them down to save the nation’s most blighted city.
www.forbes.com/fdc/welcome_mjx.shtml
Quote:
“If there’s one thing Pulte Group has mastered over 60 years, it’s building homes efficiently. * * * [Bill Pulte is now, however,] razing them, clearing out blighted neighborhoods with an efficiency that has astonished this bankrupt city.
“Detroit * * * has lost a quarter of its population in the past decade
“There are at least 78,000 abandoned and blighted structures in Detroit, nearly half of which are considered “dangerous” because of fire damage or criminal activity. * * * So far about 5,000 have been torn down, one at a time, at a cost of some $72 million [on average $14,400 apiece].
“Using the same economies of scale that apply when erecting houses, Pulte figures, the [Detroit] Blight Authority[, Pulte’s nonprofit,] can demolish homes for less than $5,000 each–even less if Detroit would reform its cumbersome regulations. Instead of hiring a single contractor to tear down one house, the Blight Authority brings in an army of specialized laborers and equipment to rid an entire neighborhood of its empty houses, haul away the debris, clear out overgrown brush and regrade the property. * * * Now the area is transformed into green space |