12/28/2011 03:46 pm ET

Detroit Spent $20M Demolishing Homes Since 2009

Detroit Mayor Dave Bing's aggressive plan to demolish 10,000 vacant houses by the end of his four-year term will cost taxpayers millions, but leaving the blighted homes to stand would come at a considerable cost to the city.

Since 2009, Detroit has spent approximately $20 million to demolish around 4,000 houses, according to a recent report from the U.S. Government Accountability Office. Most of that funding came from Neighborhood Stabilization grants awarded by the Department of Housing and Urban Development.

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