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A Detroit comeback story that went wrong
Detroit has spent years trying to rebuild its neighborhoods, and many people want to believe in comeback stories. That hope made headlines when out-of-state investors poured money into historic apartment buildings near Palmer Park.
At first, it sounded like a fresh start for a special part of the city. Instead, the plan unraveled fast. Buildings emptied, repairs stopped, and once-beautiful apartments began to fall apart. Residents were left frustrated and worried.
What happened in Palmer Park is now a warning about risky real estate bets and the real people caught in the middle.
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Why Palmer Park matters so much
Palmer Park is not like most Detroit neighborhoods. While much of the city is filled with single-family homes, this area is packed with historic apartment buildings. There are 57 apartment buildings in the local historic district, clustered close together…