The Mayor of Detroit’s Clown Show

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By Douglas A. McIntyre Published
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The Mayor of Detroit’s Clown Show

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Mayor Mike Duggan, Detroit’s mayor, described the U.S. Census Bureau as the “most incompetent division of the federal government.” As it turns out, he is at the wrong end of any criticism about his city. Detroit, throughout many of its neighborhoods, is a pile of rubble. Wealthy interests have resurrected small parts of downtown but are a small part of the city’s 143 square miles. (These American cities are spending billions to build new homes.)
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Dugan’s city is still among America’s metropolitan areas that have been unable to lift themselves out of poverty. A large portion of the population has fled the city, along with countless businesses. He has almost nothing to draw them back.
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Duggan thinks the new Census Bureau count that took his city from the 27th largest in the country to the 29th largest is off by a few thousand, but hardly more. Even if he is right, he commented, “I want our folks counted, and we’re going to fight till every Detroiter gets counted.” Detroit is a city that has lost hundreds of thousands of people over recent decades. Maybe Detroit has 625,000 residents. Or perhaps more or less. The fact is that Detroit is not smaller than Memphis, Louisville and Portland. None of these was ever a big city.

Duggan cannot be blamed to the extent that he is almost helpless. Square mile after square mile of the city cannot be reclaimed. Houses in these areas have been bulldozed. If more money was available, the bulldozing would probably continue. I have driven through these neighborhoods, and what has happened to them is tragic.
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Detroit’s real estate market is also in a shambles. Among the 20 cities measured by the S&P Case Shiller real estate index, Detroit’s home prices have risen the least since 2000. Only Cleveland comes close.
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Detroit often sits near the bottom of the lists of cities by quality of life. There are enough of these lists circulating that, by themselves, they will keep people from relocating to Detroit.

Duggan ought to move on from ranting about things that mean very little when his city continues to disintegrate. The only “clown show” is in the office of a man who has done very little for Detroit.

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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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