Is Detroit Having A 'Renaissance'?

Wed, 02/09/2011 - 9:42am

Chrysler's Super Bowl ad featuring the "Motor City" and rapper Eminem has received a great deal of buzz in the days following its premiere, and now many are left wondering if Detroit is about to experience a "renaissance." CNBC sat down with Detroit Mayor Dave Bing to discuss some of the new policies he's putting in place to encourage growth in the inner city.

One such policy hopes to encourage Detroit's police force to move back into the city by offering up livable, empty homes for the measly price of $1,000.

In addition, he hopes to look beyond the automotive industry to find employers that are willing to provide jobs in the beleaguered city.

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