Moving Past Economic Shellshock

Real Estate Agent with Dwellings Unlimited, LLC

I attended the "Movin' the D Forward" symposium on Wednesday the 12 at WSU Law school, it was the first of the series I attended. The program was moderated by Murray Feldman with a panel of business owners operating in Detroit and the Metro area.  

Here is a link with the details:  

Overall, it was a very interesting discussion with the audience submitting questions to the panelists, however, I do feel the topics were steered a bit to keep the discussion in a positive light. I understand the importance of maintaining this mindset, but I also feel it it is imperative to address the current state of affairs in the city and nation. If we don't, how do we expect to work with and solve the economic crisis?  

 Panelist Jeanette Avila, owner of El Rancho Restaurant, discussed how her license fees and property tax has increased from $5k to $20K in the last 5 years! That is absolutely staggering. How nearly impossible does that make it for someone to open a business? How do we expect to draw new city residents with the outrageous property taxes in the city? The tax breaks/credits and Empowerment Zone and Enterprise Zone are great programs, but they do nothing to solve the long-term problem of attracting, growing and retaining Detroit's population.

Comments (1)

Pete Stanley
Coldwell Banker Residential, Prescott AZ. - Prescott Valley, AZ

I am shocked to learn how much Resturants have to pay now, but looking at everything and lisening to clients who call in to talk about buying a home and the financial problems they are facing, lets me know that the country's problems are now really hitting home to the general public, especially the litte guy.  I pray to God that our new leaders will have wisdom and guidance to put this mighty nation back on track.

Nov 14, 2008 05:52 AM