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With a surplus of unused money, Michigan became the first state in 2013 to demolish homes using money intended to save them. The idea was that demolitions would revitalize neighborhoods by increasing the property values of surrounding houses, attracting new homeowners, and reducing crime rates. — Detroit Metro Times
Detroit's neediest homeowners were supposed to receive federal assistance to save their homes as part of the Treasury Department's seven-year-old Hardest Hit Fund. However, Michigan squandered its originally allotted $498 million by creating unnecessarily stringent requirements, according to a... View full entry
The decision follows years of failed attempts by federal officials to persuade Congress to fully back a plan for a campus in the Washington suburbs paid for by trading away the Hoover Building to a real estate developer and putting up nearly $2 billion in taxpayer funds to cover the remaining cost.
For years, FBI officials have raised alarms that the decrepit conditions at Hoover constitute serious security concerns.
— The Washington Post
Built in 1975 in Washington DC, at $126 million, J. Edgar Hoover Building was the most expensive federal building ever erected. While much loved by some architectural critics, the building has also been under intense criticism for its appearance and functionality ever since its construction. J... View full entry
