Panic Mode: Detroit to Sell off City to Pay Bankers

Detroit looks at grim economics of garage sale

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The Money GPS is the book by David Quintieri.
FREE version @ http://themoneygps.com/free

The Money GPS features Bob Chapman, James Turk, and David Morgan.
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Among all the helpful suggestions the Motor City has received during its slide into bankruptcy, selling off Belle Isle, a picturesque island park in the Detroit river, to a group of billionaires intent on creating a libertarian city-state ranks among the most outlandish.
Yet Rodney Lockwood, the local property developer who has been pushing his idea for a “Commonwealth of Belle Isle”, is not alone in imagining there is value locked up in city-owned assets, which could be put up for sale to help pay creditors.

With a list of assets that ranges from 22 square miles of land, public utilities and infrastructure, and collections of animals and art, Detroit might seem a candidate for a municipal garage sale of historic proportions.

http://www.ft.com/cms/s/0/8fe06c02-f5fb-11e2-a55d-00144feabdc0.html#axzz2aOxY0mGd

*******************************************************
The Money GPS is the book by David Quintieri.
*******************************************************
FREE copy @ http://themoneygps.com/free
******************************************************

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