This City Has 63 Vacant Schools

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By Douglas A. McIntyre Published
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This City Has 63 Vacant Schools

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Detroit is the most battered large city in America. It has lost half of its population, down to 670,000, since 1950, as car manufacturing facilities and headquarters have moved elsewhere. The city declared Chapter 9 bankruptcy in 2013. The U.S. Census Bureau says that 35% of people in Detroit live below the poverty level.

One of the largest problems shrinking Detroit has caused is unused land and houses. Detroit has large numbers of homes for sale for only $1,000. The Detroit Land Bank Authority, founded in 2008, owns thousands of abandoned houses and properties.

The drop in population has also thinned out the number of children who go to school in the city. According to Deadline Detroit, Detroit has 63 empty public school buildings with 3.7 million square feet on 288 acres. Crain’s Detroit Business estimates it would cost over $823 million dollars to redevelop them.

So, what becomes of these schools, or more specifically, the school buildings? Most likely, the same thing that has happened to many properties the city already owns. They will be torn down, and the neighborhoods around them will stay or become vacant. The city already has razed over 15,000 homes under the Hardest Hit Fund, for which the federal government provided $265 million.
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A rough estimate from the Census Bureau shows that Detroit has about 120,000 children between ages 5 and 18. It is impossible to tell how many of those children are not in school. What is certain is that the figure has plunged over the decades since many of Detroit’s schools were built.

Detroit has a current problem with 63 vacant schools. The trouble almost certainly will worsen. Detroit’s population continues to shrink. It dropped another 6% between 2010 and 2020. As Deadline Detroit pointed out, even if the city wanted to convert the schools for alternative use, a large number are so badly damaged by time that they are already useless.

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Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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