The city of Detroit has enough money to tear down between one-quarter and one-third of the city's 10,000 abandoned houses.
"About $14 million in federal Neighborhood Stabilization Program money and about $6 million from other funds will be used to demolish the homes, Karla Henderson, director of Detroit's Buildings & Safety Engineering Department, told City Council this morning. It costs the city about $10,000 to demolish each single-family home.
'A lot of it comes down to funding,' Henderson said."
In addition to federal and local money, officials are also hoping to collect demolition money from the owners of the abandoned properties.
FULL STORY: Detroit can afford to tear down at least 2,500 homes, council is told
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