Detroit Mayor Mike Duggan delivers 2024 State of the City address
(CBS DETROIT) - Detroit Mayor Mike Duggan delivered his 2024 State of the City address Wednesday at the Dexter Avenue Baptist Church.
Wednesday's speech marks Duggan's 11th since he delivered his first address in February 2014. With the 2024 NFL Draft on the horizon, Duggan's speech focused on Detroit's ongoing fiscal and neighborhood revitalization.
READ: Detroit's credit rating rebounds, Mayor Mike Duggan celebrates fiscal success after a decade
The speech also comes a day after a new study from the University of Michigan Poverty Solutions showed that Black homeowners gained $2.8 billion in home value between 2014 and 2022.
The study also showed that the net value of owner-occupied homes in the city nearly doubled from $4.2 billion in 2014 to $8.1 billion in 2022, amounting to a 94% increase in housing wealth.
Visit the city's website to view the full speech.