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Old Posted May 7, 2012, 6:31 PM
McBane McBane is offline
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Join Date: Sep 2006
Location: Philadelphia
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This is such a ridiculous article, excuse for me not reading the whole thing.

The article begins with an implication that Whole Foods' entrance into the Detroit market is a forecast for an up and coming neighborhood. Okay, sounds like Detroit is really gaining steam.

But, unlike many of Whole Food's other forays, their entrance into Detroit is backed by over $4 million in government subsidies.

If Whole Foods truly believed in Detroit - and the area was truly becoming fertile territory, Whole Foods would already be there without the need for a subsidy.

Whole Foods doesn't cause gentrification. It seems that it just has a "riskier" expansion MO than the typical corporation (who never ever invest in up and coming areas). But does that part of Detroit meet Whole Food's criterion described above? Or did the company brush those standards aside in the face of $4m in public funding?
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