The city is staring down a $20 billion unfunded liability vortex.
Meanwhile, crime, unemployment and broken infrastructure remain endemic.
But we’re banking on the city getting its act together — and it’s not just because things can’t get any worse.
We’ve put together 25 signs Detroit is on the mend.
Here’s the summary:
- In several major economic indicators, Detroit’s rate of improvement has matched or exceeded the national average.
- Former Mayor Kwame Kilpatrick aside, the city enjoys strong leadership.
- The auto industry is booming.
- Its sports teams remain hugely successful.
- It’s also becoming an increasingly popular centre, for a new wave of entrepreneurs.
Hear us out.
The auto industry is leading the entire nation in the recovery: manufacturers sold more than 14 million vehicles in the United States last year, up 13% from 2011, according to UPI's Al Swanson. Credit Suisse said vehicle purchases accounted for around 30% of domestic economic growth during the first six months of last year, Swanson reported.
The rebound is so robust that Chinese automakers and parts suppliers are setting up shop in the city.
Especially in manufacturing — growth in which has outpaced the national average every month since March 2010.
Gov. Rick Snyder, whose Twitter handle is @onetoughnerd, is a CPA who served as an executive at Gateway for most of his career. He's made turning Detroit around the state's top priority.
As well as Justin Verlander, who won the Cy Young in 2011.
No one is saying things are perfect. But just a few years ago, you'd have been hard-pressed to find cranes going up there.
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