Detroit, new nonprofit partner to fight blight
Detroit is partnering with a new nonprofit group to step up the city's efforts to tear down blighted buildings and clean up neighborhoods.
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#1 Feb 14, 2013
This sounds like a bargain for the city. The cost is low($0) and it works fast. The numbers leave me puzzled. Pulte says they demolished 10 structures for $200,000 and that was a bargain. If those were houses the normal cost would be about $10K per house instead of the $20K they spent.
Accounting wise, if they could expense twice as much as it actually cost, it would cost them nothing considering a 50% corporate income tax rate. Taxpayers would in effect have paid for the demolition. I'm not saying this happened, but companies often give stuff away on this basis and lose nothing.
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