DETROIT'S PROPOSAL "N"

Detroit businessman and Citizens for Detroit's Future/Citizen Detroit President, Tom Barrow released the group's position on Proposal ‘N’

This controversial proposal will appear only on the city of Detroit ballot and is an initiative to authorize the city’s mayor to borrow $250,000,000 advertised to demolish abandoned homes, eliminate "blight".

It is at best puzzling why a city, reeling from bankruptcy which led to its selling all of its valuable assets to private investors and which now suffers from a 68% decline in its essential general fund casino tax revenue, would seek to again borrow mon...