Detroit crisis may force sale of crucial assets

Source: Darren A. Nichols, Detroit News, February 13, 2012

Pontiac sold the Silverdome, Wayne County got rid of golf courses, and Dearborn unloaded a senior citizen complex in Florida. Now, the city of Detroit’s most venerable assets — from Belle Isle to the Detroit-Windsor Tunnel — could end up on the auction block as the city fights for its financial life….The process has raised concern among some city residents and community activists who are concerned the state is coming into Detroit to sell off its prized possessions to outside interests. In recent years, city officials have sought $75 million to sell Detroit’s portion of the Detroit-Windsor Tunnel, sought a lease for the Coleman A. Young International Airport to save about $700,000 a year and considered leasing parking meters….

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