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Detroit's Blight Fix is Costly

 
Posted Thursday, May 29th 2014 @ 7am  by The Associated Press

One newspaper's investigation says Detroit spent as much as $537,000 per home renovating 30 houses starting in 2011 under a federal program to fight blight before selling most for less than $100,000 each.
 
The Detroit News reports Thursday the Detroit Land Bank transformed eyesores into gems, with features such as glass-tiled bathrooms, stainless steel appliances, underground sprinkler systems and, in some cases, geothermal heating.
 
Land bank Executive Director Richard Wiener, who took over in January, says officials "are now moving in a different direction.''
 
The land bank is currently working to sell the last three homes in the program. In total, the land bank spent nearly $8.7 million from the U.S. Department of Housing and Urban Development on 30 homes.

So far, sales have brought in about $2 million.

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