Detroit bankruptcy is not deterring $55 million Rivertown development
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.