3 Cheers for Detroit's local currency

Detroit Cheers is a new local form of money that some local businesses are adopting. With three Detroit Cheers, or more, you can get a number of things from beer to a bike tune up.

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Detroit Cheers is a new local currency -- the city version of exchanging grain for flour or darned socks for a loaf of bread. Only it's more like beer for pizza, or housewares for a bike tune up.

With the goal of supporting a local small economy, a trio of Detroit business owners -- John Linardos from Motor City Brewing Works, Tim Tharp from Foran's Grand Trunk Pub and Jerry Belanger from Park Bar -- have put up their own cash to back a new local currency, or scrip, called Detroit Cheers.

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