Report: Detroit spent big to renovate homes

Published May 29, 2014 2:24pm ET



DETROIT (AP) — Detroit spent as much as $537,000 per home renovating 30 houses starting in 2011 under a federal program to fight blight before selling most for less than $100,000 each, according to a newspaper’s investigation published on Thursday.

The Detroit Land Bank transformed eyesores into gems, with features such as glass-tiled bathrooms, stainless steel appliances, underground sprinkler systems and, in some cases, geothermal heating, The Detroit News reported (http://bit.ly/1k3v12k ).

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