Detroit has flipped the switch on a plan to light up the streets at night. And the effort to breath new life into the city is attracting the attention of investors who see bargain basement prices and a whole lot of potential.
The once-bankrupt city just completed a four-year project to replace "all" the city's streetlights. 88,000 mostly broken down old sodium lights were replaced with 65,000 brighter energy-efficient LED lights across the city.
The street light replacement project was part of the city's bankruptcy exit plan. The judge allowed the city to eliminate $7 billion dollars in debt. In return, the city agreed to invest $1.7 billion into improvements. The new lights were part of those improvements.
Get the full scoop at: www.NewsForInvestors.com