The rise, fall and future of Detroit

The city of Detroit is bouncing back from its legendary 2013 bankruptcy filing. Depopulation driven by the rise of global trade threw the city into insolvency. Since then, Detroit has imposed high property tax rates citywide while awarding abatements to commercial-scale developers. The tax, spending and placemaking policies in Detroit have drawn investors to the city in force, raising the local skyline alongside concerns about gentrification and displacement among the locals.