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Detailed text transcripts for TV channel - MSNBC - 20121026:16:33:00

It would be an amazing effectively to clarify, turning this land over to become gardens or vacant lots i think, 40% of the real estate parcels in the city only 40% are paying taxes but detroit is 140 square miles and 40 square miles of that are vacant. the problem is, it s not people think it s like one chunk of vacant land the size of paris, but it s spread over the city. the tricky thing is incentivizing people to move into more dense urban cores and then b, getting this vacant land away from people who are sitting on it who maybe live in california. there are lots of land speculators who own this stuff and are letting these houses decline and letting the fields get overgrown. it s really tricky. i know along those lines you ve had other cities such as baltimore who have looked at vacant to value, trying to offload that inventory and it s amazingly difficult. have they looked at any examples ....

Downsizing Detroit , Real Estate , Land Speculators ,