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Detroit is now considered
The
New Hollywood
The State of Michigan offers huge tax credits for movies that are shot in the state of Michigan. 40%
of the money spent to make a movie is refunded by way of tax credits. This 40% movie tax credit is what has led to
a huge market for movies being made in Detroit.
Here is a list of some of the bigger movies that have been made right in Detroit, Michigan:
Gran Torino with Clint Eastwood (2008)
Up in the Air with George Clooney (2009)
Youth in Revolt with Michael Cera (2009)
Whip It with Drew Barrymore (2009)
Armored with Eric Bana (2008)
Transformers by Michael Bay (2007)
…. and the list goes on.
Sports Are Abundant in Detroit, Michigan
Detroit has more professional sports teams than any other American City.
Sports teams are very vital to any large city and they represent huge investments in
infrastructure, and provide thousands of jobs.
Baseball, Detroit Tigers
Brand new Commerical Park Staduim built in 2000 for $300 million
Football, Detroit Lions
Brand new Ford Field built in 2002 for $430 million
Basket Ball, Detroit Pistons
Projected new stadium in the city of Detroit for 2015 at a cost of $500 million
Hockey, Detroit Redwings
Current stadium in Detroit, projected new stadium in the city of Detroit for 2015
of $500+ million
Detroit is vastly being Redeveloped
Detroit River Walk
75% complete, at an investment of $25 million when completed
http://www.detroitriverfront.org/
Campus Martius
Completed with a total cost of $28 million
http://www.campusmartiuspark.org/
MGM Grand Casino
Built in 2007 for $800 million
http://www.mgmgranddetroit.com/
Motor City Casino
Built in 2007 for over $800 million
http://www.motorcitycasino.com/Home
Greektown Casino
Renovation completed in 2009 for about $425 million
http://www.greektowncasino.com/
Book Cadillac Hotel
Renovation competed in 2009 for a total cost of $200 million
http://www.bookcadillacwestin.com/
The Detroit-Windsor Trade Corridor
The Detroit-Windsor trade corridor is the busiest in the world with more than One Billion
dollars a day. Why is it so busy and getting busier every day??? Deep sea port by way of the great
lakes, shipping can dock right in Detroit, great infrastructure with rail lines and
highways, close proximity to Chicago, and plans for the worlds largest airport.
Geographically, Detroit will be important far into the future.
US car production
Between GM, Ford, and Chrysler, they still control 60% of the market share of car
sales in the US. Historically, annual new car sales are around 13 million. Since
heading into the recession, new car sales dropped to less than 10 million. This is
a huge drop due mainly to lack of financing. This lead to mass layoffs. With
financing recovering, sales are climbing and 2009 sales were a little over 11
million. This lead to many people being hired back again.
It will still take a few years to get back till the 13 million average.
But the bottom line is that Detroit will be manufacturing cars far into the future
and Detroit, Michigan is still very
important to the region and the United States.
Mega Airport in the Making
We are now into 5 years of a 25 year plan for the worlds largest airport. Designed to compete
locally with Chicago as well as internationally with other large airports like Dubai.
What does this mean? That trade is dependent on infrastructure and the
airplane is the most important part of that equation. Followed by deep sea ports,
rail infrastructure, and easy access to large highways. All of which Detroit has.
Alternative Energy Technology
Fuel cell research, battery technology, and alternative car fuel research is
centered around the Detroit region mostly because of the huge car industry. With the current
federal administrations push for alternative energy, Detroit is in a position to
benefit from government grants, support, and funding.
Michigan already has the research centers dedicated to alternative energy and
Detroit in particular has the manufacturing ability and trade resources that other
cities just do not have.
Detroit has an amazing amount
of high quality housing stock, more than any other City in America.
The majority of this housing stock is of quality brick structures.
Brick houses are expensive to build and most of the brick houses built in Detroit where built between the roaring 20's and the 50's when Detroit was the richest city in the world. The craftsmanship is remarkable second to none. If these houses were built new today, rebuild costs of these magnificent houses would exceed hundreds of thousands of dollars.
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