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An unlikely deal lifts Motown out of bankruptcy
Standing in the middle of downtown Detroit, it’s hard to believe you’re in a city that went belly up.
At 5 p.m. on any given workday, you’ll see the hipster hordes of 20-somethings in skinny jeans and nerdy-cool glasses who work at the dozens of tech and design startups in the center of the city start to convene. Milling into Campus Martius park, they’ll have a mojito at one of the nearby bars or watch an open-air musical performance. Kids play in the park’s sand pit, and teenagers shoot hoops at basketball courts buffered by luxury condos where the waiting list for $2,500-a-month studios can be two to three months long. Neighboring boutiques sell everything from interestingly shaped cork handbags …