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===21st century=== {{Further|Detroit bankruptcy|Planning and development in Detroit}} [[File:Restored Michigan Central Station.jpg|thumb|[[Michigan Central Station]], once symbolic of the city's decline, was redeveloped by [[Ford Motor Company]] and reopened in 2024.<ref>{{cite web |last1=Marcus |first1=Jonathan |title=Michigan Central and the rebirth of Detroit |url=https://www.bbc.co.uk/news/extra/KnxBMVGAcn/michigan_central_detroit |website=BBC News |access-date=June 20, 2024 |date=July 11, 2019}}</ref>]] [[Campus Martius Park|Campus Martius]], a downtown park reconfiguration, opened in 2004 and was cited as one of the best public spaces in the U.S.<ref>{{cite news|last=Bleiberg|first=Larry|title=10 Best: Campus Martius among parks that revived cities|url=http://www.freep.com/story/news/local/michigan/detroit/2015/04/10/campus-martius-park-detroit/25575219/|work=Detroit Free Press|date=April 10, 2015}}</ref><ref>{{cite web|title=Campus Martius Park|url=http://www.pps.org/projects/campusmartius/|website=Project For Public Spaces|access-date=April 23, 2015}}</ref><ref>{{cite news|last=Walsh|first=Tom|title=High Tech Companies Key to Detroit's Future|url=https://www.freep.com/story/money/business/columnists/tom-walsh/2014/09/02/tom-walsh-high-tech-companies-are-key-to-detroits-future-/14963185/|newspaper=Detroit Free Press|date=September 2, 2014|access-date=November 18, 2021}}</ref> The first phase of the [[Detroit International Riverfront|International Riverfront]] redevelopment was completed in 2001 for Detroit's 300th-anniversary celebration.<ref>{{Cite web |last=WELLS-REID |first=ELLIOTT |date=July 22, 2001 |title=Tricentennial Celebration |url=http://www.michigandaily.com/uncategorized/tricentennial-celebration/ |access-date=July 5, 2023 |website=The Michigan Daily |language=en-US}}</ref> In 2008, Mayor [[Kwame Kilpatrick]] resigned after felony convictions, and in 2013 was sentenced to 28 years in prison.<ref name="npr.org">{{cite news | url = https://www.npr.org/2010/12/15/132093499/ex-detroit-mayor-faces-new-corruption-charges?ft=1&f= | title = Ex Detroit Mayor Faces New Corruption Charges | date = December 15, 2010 | publisher = [[National Public Radio]]}}{{dead link | date = December 2012}}</ref><ref name="fed sentence">{{cite news|last=Baldas|first=Tresa|title='Corruption no more': Judge sends a message with 28-year sentence for Kilpatrick|url=http://www.freep.com/article/20131010/NEWS0102/310100095/|access-date=October 21, 2013|newspaper=Detroit Free Press|date=October 10, 2013|author2=Shaefer, Jim|author3=Damron, Gina}}</ref> His actions cost the city an estimated $20 million.<ref>{{cite web|last=Baldas|first=Tresa|url=https://www.usatoday.com/story/news/nation/2013/10/06/how-corruption-deepened-detroits-crisis/2929137/|title=How corruption deepened Detroit's crisis|website=USA Today|date=October 6, 2013|access-date=July 23, 2017}}</ref> In 2011, about half of Detroit's 305,000 property owners failed to pay their taxes, leaving approximately $246 million (~${{Format price|{{Inflation|index=US-GDP|value=246000000|start_year=2011}}}} in {{Inflation/year|US-GDP}}) uncollected.<ref>{{cite news |last1=MacDonald |first1=Christine |last2=Wilkinson |first2=Mike |date=February 21, 2013 |title=Half of Detroit property owners don't pay taxes |newspaper=Detroit News |url=http://www.detroitnews.com/article/20130221/METRO01/302210375 |url-status=dead |archive-url=https://web.archive.org/web/20130809140012/http://www.detroitnews.com/article/20130221/METRO01/302210375 |archive-date=August 9, 2013}}</ref> Michigan took control of Detroit's government after the city faced a $327 million deficit and over $14 billion in debt.<ref>{{cite magazine|last=Eagleton |first=Terry |url=http://harpers.org/archive/2007/07/detroit-arcadia |title=Detroit Arcadia |date=July 2007 |magazine=[[Harper's Magazine]] |volume=July 2007 |access-date=March 29, 2013}}</ref> Governor [[Rick Snyder]] declared a [[Financial emergency in Michigan|financial emergency in March 2013]], and the city was relying on bond money to stay afloat, with unpaid days off for workers. Underfunded services and failed turnaround efforts led to the appointment of an emergency manager.<ref>{{cite web |last=Williams |first=Corey |date=March 1, 2013 |title=Governor declares financial emergency in Detroit β Yahoo! Finance |url=https://finance.yahoo.com/news/governor-declares-financial-emergency-detroit-180448318.html |access-date=March 29, 2013 |publisher=Finance.yahoo.com}}</ref> In June 2013, Detroit defaulted on $2.5 billion in debt, and on July 18, it became the largest U.S. city to [[Detroit bankruptcy|file for bankruptcy]].<ref name="Detroit DebtDefault">{{cite web |title=Debt default by Detroit city rocks bondholders |url=http://www.detroitstar.com/index.php/sid/215221308/scat/3d33b780d0e24349/ht/Debt-default-by-Detroit-city-rocks-bondholders |url-status=dead |archive-url=https://web.archive.org/web/20131102160235/http://www.detroitstar.com/index.php/sid/215221308/scat/3d33b780d0e24349/ht/Debt-default-by-Detroit-city-rocks-bondholders |archive-date=November 2, 2013 |access-date=June 15, 2013 |work=Detroit Star}}</ref><ref name="detroitnews1">{{cite news|url=http://www.detroitnews.com/article/20130718/METRO01/307180103#ixzz2ZQqjpHYO |title=Creditors to fight Detroit insolvency claim |work=The Detroit News |date=July 18, 2013 |access-date=October 31, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20130810023805/http://www.detroitnews.com/article/20130718/METRO01/307180103/ |archive-date=August 10, 2013 }}</ref><ref name="bankrupt city">{{cite news |last1=Lichterman |first1=Joseph |last2=Woodall |first2=Bernie |date=December 3, 2013 |title=In largest-ever U.S. city bankruptcy, cuts coming for Detroit creditors, retirees |work=[[Reuters]] |url=https://www.reuters.com/article/us-usa-detroit-bankruptcy-judge-idUSBRE9B20PZ20131203 |url-status=live |access-date=June 30, 2017 |archive-url=https://web.archive.org/web/20150924191358/http://www.reuters.com/article/2013/12/03/us-usa-detroit-bankruptcy-judge-idUSBRE9B20PZ20131203 |archive-date=September 24, 2015}}</ref> Detroit exited bankruptcy in December 2014, cutting $7 billion in debt and investing $1.7 billion in services.<ref name="NYTDet">{{cite news|last1=Davey|first1=Monica|last2=Williams Walsh|first2=Mary|date=November 7, 2014|title=Plan to Exit Bankruptcy Is Approved for Detroit|url=https://www.nytimes.com/2014/11/08/us/detroit-bankruptcy-plan-ruling.html |archive-url=https://ghostarchive.org/archive/20220101/https://www.nytimes.com/2014/11/08/us/detroit-bankruptcy-plan-ruling.html |archive-date=January 1, 2022 |url-access=limited|work=[[The New York Times]]}}{{cbignore}}</ref> The [[Detroit Institute of Arts]], holding over 60,000 artworks worth billions, became a private organization to help fund the city's recovery after legal battles.<ref>{{cite web|last=Stryker|first=Nathan Bomey, John Gallagher and Mark|title=HOW DETROIT WAS REBORN|url=https://www.freep.com/story/news/local/detroit-bankruptcy/2014/11/09/detroit-bankruptcy-rosen-orr-snyder/18724267/|date=November 9, 2014|access-date=November 20, 2020|website=Detroit Free Press|language=en-US}}</ref> Post-bankruptcy, efforts to improve city services included replacing non-functional street lights with 65,000 LED lights, making Detroit the largest U.S. city with all LED street lighting by 2016.<ref>{{cite news|last=Reindl|first=JC|title=Detroit Rising: And then there were streetlights|url=http://www.freep.com/story/news/local/michigan/detroit/2015/11/12/detroit-street-lighting-project-update/31850609/|date=November 11, 2014|newspaper=Detroit Free Press}}</ref> Neighborhood revitalization continued, with volunteer renovation projects and urban gardening movements.<ref>{{cite magazine |last=Wallace|first=Nicole|title=Detroit Charity Turns Blight into Gardens, Parks, and Homes|url=https://www.philanthropy.com/article/Detroit-Charity-Turns-Blight/154489|magazine=[[The Chronicle of Philanthropy]]|date=August 11, 2014|access-date=September 17, 2016}}</ref> In 2011, the Port Authority Passenger Terminal opened, with the riverwalk connecting Hart Plaza to the Renaissance Center. One symbol of the city's decades-long decline, the [[Michigan Central Station]], was long vacant. The city renovated it with new windows, elevators and facilities, completing the work in December 2015.<ref>{{cite news| last1=Thibodeau| first1=Ian| title=Windows at Michigan Central Station completed on time and budget| url=http://www.mlive.com/business/detroit/index.ssf/2016/02/windows_at_michigan_central_st.html| work=M Live| date=February 4, 2016| access-date=June 22, 2016}}</ref> In 2018, Ford Motor Company purchased the building and plans to use it for mobility testing with a potential return of train service.<ref>{{cite web|last=Williams|first=Candice|title=Ford will make Michigan Central Depot a place for mobility innovators, disruptors|url=https://www.detroitnews.com/story/news/local/detroit-city/2020/01/29/ford-make-michigan-central-depot-place-mobility-innovators-disruptors/4596940002/|date=January 29, 2020|access-date=October 17, 2020|website=The Detroit News|language=en-US}}</ref> Several other landmark buildings have been privately renovated and adapted as [[Condominium (living space)|condominium]]s, hotels, offices, or for cultural uses. Detroit was mentioned as a city of renaissance and has reversed many of the trends of the prior decades.<ref>{{cite news|last=Hammel|first=Katie|title=Detroit, finally on the verge of a real renaissance|url=http://www.nydailynews.com/life-style/detroit-finally-verge-real-renaissance-article-1.2626718|work=New York Daily News|date=May 6, 2016|access-date=September 17, 2016}}</ref><ref>{{cite news|url=https://www.nytimes.com/interactive/2018/04/30/us/detroit-come-back-budget.html|title=Detroit Was Crumbling. Here's How It's Reviving.|date= April 30, 2018|access-date= May 7, 2018|newspaper=The New York Times |first=Monica |last=Davey}}</ref> The city has seen a rise in [[gentrification]] in some neighborhoods.<ref>{{cite news |url=https://detroit.curbed.com/detroit-development/2019/11/25/20981769/detroit-trends-decade-downtown-redevelopment-foreclosure-demolition |title=Trends that defined Detroit in the 2010s |work=Detroit Curbed |first=Aaron |last=Mondry |date=November 25, 2019 |access-date=June 12, 2023 |quote=With more investment comes higher property values. Much higher. β¦ But as property values rise, so do rents. In a city where 35 percent of its population is below the poverty line, that can result in displacement and parts of the city being unaffordable to people in lower income brackets. }}</ref> In downtown, for example, the construction of [[Little Caesars Arena]] brought with it high class shops and restaurants along Woodward Avenue. Office tower and condominium construction has led to an influx of wealthy families but also a displacement of long-time residents and culture.<ref>{{cite news |last=Mondry|first=Aaron|date=November 21, 2019 |title=10 redevelopments that shaped Detroit over the last 10 years |url=https://detroit.curbed.com/2019/11/21/20975850/redevelopments-detroit-decade-david-whitney-shinola-metropolitan |access-date=November 20, 2020 |work=Curbed Detroit |language=en}}</ref><ref>{{cite web|last=Carlisle|first=John|title=Detroit neighborhood group sees gentrification as the enemy|url=https://www.freep.com/in-depth/news/columnists/john-carlisle/2020/05/24/detroit-neighborhood-gentrification-protest-carlisle/4954702002/|date=May 24, 2020|access-date=November 20, 2020|website=Detroit Free Press|language=en}}</ref> Areas outside of downtown and other recently revived areas have an average household income of about 25% less than the gentrified areas, a gap that is continuing to grow.<ref>{{Cite news |last=Moskowitz |first=Peter |date=February 5, 2015 |title=The two Detroits: a city both collapsing and gentrifying at the same time |language=en-GB |work=The Guardian |url=https://www.theguardian.com/cities/2015/feb/05/detroit-city-collapsing-gentrifying |access-date=November 20, 2020 |issn=0261-3077}}</ref>
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