"If you take a look at Philadelphia and Chicago and other communities, there's a tipping point where the private sector takes over and the thing takes on a life of its own," DMC board Chairman Steve D’Arcy said Friday.
"We've been looking for that tipping point in Detroit for a lot of years. I think we have a good chance we’re going to cross that tipping point as the Vanguard investment in made."
The city's Midtown district, home to the Detroit Medical Center, runs roughly from the northern edge of downtown to New Center between the Lodge and I-75. It is already home to other anchor institutions, such as Wayne State University.
In recent years, new shops, restaurants and residential development have enlivened the district, making Midtown one of Detroit's few neighborhoods to enjoy growth in a city wracked by abandonment.
Vanguard Health System's announcement Friday that it will invest $850 million in the DMC prompted Midtown shopkeeper Claire Nelson, owner of Bureau of Urban Living at 460 W. Canfield, to hope for better days.
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