DETROIT – An effort to attract $27.5 million in investments aimed at affordable housing was announced Thursday during the Detroit Homecoming event.
Stephen Ross, the owner of the Miami Dolphins football team, announced the effort at the Detroit Institute of Arts during day two of Homecoming.
"It's where I'm from. I'd like to see the neighborhoods come back," Ross said.
Other possibilities for investing in neighborhoods were discussed by business leaders, such as expanding urban farming initiatives.
"You're building up Downtown and Midtown; you have to build up everything else. I read a year ago that by 2031 Detroit is going to be the best city in America to live in," said Golden State Warriors basketball player Draymond Green.