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Motor City

In Detroit's tax auction for a "blight bundle" of about 6,300 foreclosed properties, one person, now identified as developer Herb Strather, just completed a successful bid of $3M for the whole package. Strather already made the deadline for a 10 percent down payment on his bid, but will now face the difficult task of either demolishing the properties within six months or come up with robust redevelopment plans. Full story, this way. [Curbed Detroit]