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“We don’t have any plans on the table to sell anything, but we have to have a clear understanding of all the city’s assets and how they provide value to the city,” said Mr. Nowling, adding that both long and short-term values are being considered. Major assets fall into about 15 categories, of which the DIA is one, Mr. Nowling said. Others include Belle Isle (a 982-acre island park in the Detroit River), the Detroit Zoo, electrical grids, 100,000-plus vacant properties, various buildings, Detroit City Airport, and the Detroit Water and Sewerage Department, which, he noted, provides a regional service, deriving 80 percent of its revenue from outside the city. Mr. Orr has requested a copy of the museum’s entire inventory, the vast majority of which is owned by the city.
“This is completely unprecedented. We just don’t know how this is going to play out,” said Annmarie Erickson, DIA vice president and chief operating officer. “The museum will not sell art unless compelled to do so.” That specter was mere cocktail-party conversation a year ago, she said. “When the emergency manager was appointed, that’s when we knew we were in a different situation.
n Canada, an official community plan is a comprehensive plan created by an incorporated municipality which dictates public policy in terms of transportation, utilities, land use, recreation, and housing. OCPs typically encompass large geographical areas, a broad range of topics, and cover a long-term time horizon. The process of creating an OCP is today often referred to as a Community Vision.
On October 19, 2010, the U.S. Department of Housing and Urban Development (HUD) as authorized under Section 1497 of the Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) announced the release of a third round of funding made available through the Neighborhood Stabilization Program (NSP3) for the purpose of stabilizing neighborhoods by the reduction or elimination of vacant and abandoned residential property in targeted neighborhoods.