Detroit's Business Boom

The 7.2 square mile area known as “Greater Downtown” witnessed a boom of new business in 2016, primarily bars and restaurants, according to the Detroit News. This represents significant confidence in Downtown Detroit and its surrounding neighborhoods by developers and residents alike. Among the highlights of these new developments is the new Little Caesars arena which will serve as home to the Detroit Red Wings and Pistons. The massive project which is slated to cost around $400M is expected to bring a significant economic boost to downtown Detroit.

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