1. Detroit's Problem: Poverty, Not Gentrification Jamal Hamade Monday, March 31, 2014 Economics 5520 State and Local Public Finance By: Laura BermanLaura Berman Detroit News Gentrification is a Shift in an Urban Community Toward Wealthier Residents and/or Businesses and Increasing Property Values

2. $121 Per Person Restaurant to Open in Southwest Not Main Presentation But Plays as Introduction Theme Goldfinch American Concept Location is a Gritty Neighborhood Surrounding Landmarks: Laundromats Taquerias A Beautiful Park (Quirky) Abandoned Fortresses Article Says, “…Verges on Parody…”

3. Now For the Main Presentation

4. Brookings Institution Sprinkles Hard Numbers Of the Nation’s 50 Largest Cities, Detroit Ranked 14 th in Income Inequality Detroit Has the Poorest Low-Income Residents The Least Affluent at the High End

5. An Attempt to Put it Into Perspective Compare with Other Major Cities Across the Nation: Top 5 Percentile San Francisco: $353,576 Raleigh, N.C.: $199,000 Tulsa, O.K.: $183,407 Indianapolis: $150,000 D ETROIT : $101,620 At Least the City’s Top Is Raking In Over 100K D ETROIT ’ S B OTTOM I S U NDER 10K The Poorest In The Nation

6. Deputy Director at the Brookings Institution To Echo His Comments, Alan Berube: “Detroit Desperately Needs an Infusion of Working People Whose Salaries Enable Them to Pay Property Taxes for the Services All Detroiters Need.”

7. To Make Sense In Public Finance Resident’s Income 0 City Services As Residents Income Increases the More They Can Pay in Property Taxes. Not To Mention, When Their Income Rises, The More Reliable That Tax Payments Are Made.

8. “Other Cities Have Poverty But They Also Have High-Wage Jobs in Health Care, Law, Finance and Media — Jobs That Detroit Lost Over Decades.”