> LVT addresses property speculators that buy land to sit on it for 10 years and do nothing with it.
Didn’t Detroit raze the lots in the first place, since they considered an empty lot to be better than one with a decaying house? I really doubt many of these lots will ever actually be developed to any reasonable extent, since they aren’t exactly in nice areas. And likewise I bet there won’t be many people dying to buy these lots either. My guess is the city will be taking ownership of a decent amount of land in the not-so-distant future.
Some of the 'nicest' areas of UK cities are redevelopments of some of the worst areas. Just because they are not nice now does not stop them being nice later.
Yeah... "not nice" doesn't really describe it. "Ruin" is the better word for the condition of a lot of the lots. Search for "Ruins of detroit" to get an idea of what we're talking about. (Although a lot of the image results will be focused on large buildings, there are plenty that show what the smaller lots look like.)
I think you are underestimating the difference being in range of German bombing has made to our respective countries attitude to urban resilience, and to the other commenter, our attitude to real ruins. Detroit has but a flesh wound.
Didn’t Detroit raze the lots in the first place, since they considered an empty lot to be better than one with a decaying house? I really doubt many of these lots will ever actually be developed to any reasonable extent, since they aren’t exactly in nice areas. And likewise I bet there won’t be many people dying to buy these lots either. My guess is the city will be taking ownership of a decent amount of land in the not-so-distant future.