DETROIT — Private industry is blooming here, even as the city’s finances have descended into wreckage.
In late 2011, Rachel Lutz opened a clothing shop, the Peacock Room, which proved so successful that she opened another one, Emerald, last fall. Shel Kimen, who had worked in advertising in New York, is negotiating to build a boutique hotel and community space. Big companies like Blue Cross Blue Shield have moved thousands of workers into downtown Detroit in recent years. A Whole Foods grocery, this city’s first, is scheduled to open in June.