Motor City Moves: 3 Ways to Profit from Detroit’s Comeback

Detroit’s comeback is nothing short of a miracle. As a city, it was dead and buried as recently as 2013, when it declared bankruptcy with more than $18 billion in debt. It has come a long way since those dark days. It’s not perfect — no city is. However, it’s attracting attention from various places, including the NFL, which held its annual draft in Detroit from April 25 to April 27. Approximately 270,000 people attended the first day — not too shabby. I grew up in Toronto, a three-hour drive down the 401 from Detroit. It’s nice to see how far it has come. A recent Fortune article covered the Property Brothers — Canadians Drew and Jonathan Scott — discussing real estate investing on CNBC. It highlighted the progress made by the once-down-and-out auto town. “Detroit is like that on a national level. There’s so much money pouring in, so much redevelopment happening. I bet you in 20 years, it’s going to be one of the most technically advanced cities,” Jonathan told CNBC. Detroit is happening....

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