Save Detroit. Sell It to Canada

Land, art, giraffes—everything must go, writes John H. Fund

By Ruth Brown,  Newser Staff

Posted Aug 21, 2013 12:51 PM CDT

(Newser) – How can we save Detroit? Maybe with the mother of all yard sales, suggests John H. Fund in the American Spectator. The Detroit Institute of Arts' collection is worth some $2.5 billion, Belle Isle could be sold to investors as a "mini-Hong Kong" for $1 billion, and even a breeding giraffe at the Detroit Zoo could fetch up to $80,000. Who's buying? How about Canada, suggests Fund, which "lies just across the river," and "has a 21st-century government, with lower unemployment, smaller debt, and even more economic freedom than the United States."

A tongue-in-cheek poll by Canadian news agency Global News on whether our northern neighbor should buy the bankrupt city had 36% voting "yes"—closely followed by "Only if we're able to get rid of the guns" at 29%. But in all seriousness, the Canadian city of Windsor has already expressed interest in buying Detroit's half of a tunnel connecting the two—that could be another $100 million right there. "At this point, selling assets to Canada or even private investors is politically untenable," writes Fund. "But wait a few months, until the crushing burden of Detroit’s debt makes it clear that radical solutions are in order." Click for his full column.

FILE - This July 18, 2013, shows the Detroit skyline from Grand River in Detroit. Monday, Aug. 19, 2013, is the deadline for a host of banks, bond insurers, two employee pension systems and others standing to lose big if a federal judge declares Detroit insolvent to legally file their...
FILE - This July 18, 2013, shows the Detroit skyline from Grand River in Detroit. Monday, Aug. 19, 2013, is the deadline for a host of banks, bond insurers, two employee pension systems and others standing...   (AP Photo/Carlos Osorio, File)
A section of vacant stores is shown in Detroit.
A section of vacant stores is shown in Detroit.   (AP Photo/Paul Sancya, file)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
23%
10%
7%
48%
2%
10%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   World History Project   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment