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Doesn't seem to be stopping developers in Chicago.
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Developers really aren't building much in the parts of Chicago where very high murder rates prevail. Similarly, most of Detroit's new activity is clustered in the corridor from the downtown riverfront up past Wayne State and into Midtown. That's one of the safest sections of the city.
But wide areas are just not safe in the least. A 70-year-old man in Detroit was forced to shoot two assailants recently in a school parking lot because he was being robbed while escorting a couple of schoolgirls to a car. That's not the sort of thing most people want to have to deal with when they choose a place to live. It's no fun to have to be on your guard with your hand on your pistol just to walk around outside in broad swaths of your own town.