Nation of Islam leader explores investing in Detroit properties to help in revitalization

Louis FarrakhanNation of Islam leader Louis Farrakhan may play a key role in Detroit’s turnaround as he plans to visit the city next week to search for properties to potentially buy as a way to breathe life into the Motor City.

Farrakhan told Motor City Muckraker in a statement this morning that he plans to be in the Motor City on May 16 and make a public announcement the following day.

Detroit is an important city to the Nation of Islam because it’s where the civil rights group was founded in the 1930s.

The investment also is important to many African Americans who are watching downtown, the riverfront and Midtown become more gentrified as white real estate moguls gobble up land and increase rents.

Farrakhan said the plan is to study the condition of buildings and other properties as potential investments as a way to help breathe more life into the city.

Detroit is struggling with a budget deficit that is expected to reach $380 million by this summer.

 

Steve Neavling

Steve Neavling lives and works in Detroit as an investigative journalist. His stories have uncovered corruption, led to arrests and reforms and prompted FBI investigations.