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May 28, 2014

Cleaning up Detroit's blight could hit $2B

DETROIT (AP) — Removing blighted residential properties and small commercial structures that have plagued Detroit neighborhoods for decades would cost $850 million, with perhaps $1 billion more needed to tackle the bankrupt city's larger commercial and industrial property, a task force said Tuesday.

Nearly one in three structures need some form of “intervention,” including demolition or rehabilitation, the task force said. Overall, it found nearly 85,000 blighted parcels, of which 73,000 are residential structures.

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