Marathon Announces Property Purchase Program

On December 17, Marathon Petroleum Corporation (MPC) announced its offer to purchase residential properties in southwest Detroit. MPC plans to spend $5 million on the purchase program focusing on homes closest to I-75 on Edsel and South Patricia Streets, in the Boynton Neighborhood. In addition, MPC is negotiating with the City of Detroit Land Bank Authority (DLBA) to purchase 38 abandoned homes and 140 vacant lots in the neighborhood owned by the DLBA, which are in the area east of I-75 and north of Schaefer. The area is heavily surrounded by industry and lies within Detroit's 48217 zip code,...