Detroit’s skyline-defining riverfront Renaissance Center is better known to car enthusiasts as the RenCen, home to General Motors, which has owned the seven tower complex for more than 20 years. Less well known is the fact that the RenCen was the brainchild of Henry Ford II. Shocked by the aftermath of the 1967 riot that devastated many Detroit businesses, the Deuce, as Henry Ford’s grandson was known, saw the RenCen as means of revitalizing the city’s economy. Construction began in 1971 and the facility opened in the summer of 1976. By then, however, the domestic auto industry was hit with the 1973 OPEC oil embargo just as it was struggling to meet new federal emissions and safety standards. Car guys call it the “Malaise Era,” and it was the start of four decades of decline of the Motor City.

That decline, however, genuinely appears to have finally bottomed out. Class A commercial real estate is in high demand downtown and commercial development is spreading to other areas of the city. Unemployment in Wayne County, Detroit’s home, is down to just 4.5 percent, compared to 17.4 percent in 2009.

Now, almost 50 years after Henry Ford II envisioned the RenCen as reviving Detroit, comes word that the car company with his name over the door may well revive and restore one of the most iconic images of Detroit’s decline. (Read More…)