Downtown Detroit Partnership CEO Eric Larson: Tracking Developments in Detroit

By Eric B. Larson Measuring the success of a downtown area can be approached through various metrics, including visitor numbers, business activity, population growth, and investment levels. These indicators provide valuable benchmarks for assessing progress and identifying strengths and weaknesses. In the case of Detroit, the positive developments are considerable. The significance of a vibrant downtown extends beyond its immediate boundaries. A thriving downtown serves as a hub for economic development, cultural activities, community engagement, and tourism. As downtown areas flourish, their influence often extends into surrounding neighborhoods, contributing to broader regional growth. Detroit’s downtown is currently experiencing remarkable growth. While many cities grapple with underutilized office spaces, Detroit is leading the way by repurposing these spaces into dynamic mixed-use environments. This proactive approach underscores the city’s innovative spirit. This year, Detroit has attracted billions of dollars in investments from prominent institutions and organizations such as the University of Michigan, Michigan State University, Henry Ford Health, Ford Motor Company, Bedrock, and the Ilitch Companies. These investments are fueling substantial growth that extends beyond the downtown core into adjacent neighborhoods, including Corktown, Midtown, New Center, Jefferson East, North End, and the Live6 neighborhood. Significant contributions are also coming from local developers...