Detroit bankruptcy is not deterring $55 million Rivertown development

Sep 16, 2013

The news of Detroit's bankruptcy filing has been relentless.

But that Chapter 9 filing does not seem to be completely stalling economic growth and development in and around downtown.

Case in point: Rivertown -- a $55 million proposed development along the east riverfront. It recently won approval from the Detroit Economic Development Corporation.

Rivertown would have townhouses, apartments and small-scale retail.

Richard Baron, chairman and CEO of real estate development firm McCormick Baron Salazar, joined us today to talk about the development.

Listen to the full interview above.