After two years of research and community input, Mayor Dave Bing unveiled a 50-year plan for revitalizing Detroit Wednesday that includes relaxing rules for startup companies, the Associated Press reports.
The 349-page strategic blueprint focuses on job growth, land use, improving neighborhoods and rebuilding infrastructure.
$150 million in initial funding will come over the next five years from the Kresge Foundation, a private organization, based in nearby Troy.
“As mayor of Detroit and a long-time member of th is community, I’ve witnessed the steady decline of a city with so much promise,â€ said Bing, a former NBA star and businessman in Detroit. “I’m convinced Detroit can be a world-class city again.â€
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