BALTIMORE — For a city that’s been the epicenter of the U.S. auto industry for more than a half century, Detroit’s renaissance has been slow and steady.
But the city’s fortunes are now in free fall as a result of a series of economic and environmental problems that have left it reeling.
It started with a $4.7 billion federal bailout, the largest in the country.
In the years since, Detroit has undergone three recessions and three recursions of an unprecedented magnitude, costing the city more than $25 billion in economic output, according to an analysis by the National Bureau of Economic Research.
The city’s population has been decimated by decades of neglect and neglect is a theme throughout the city, which has been beset by bankruptcy and rampant crime.
Detroit is now home to the nation’s third-largest auto manufacturing facility, and it now has the most blighted roads and bridges in the U