Fund Manager Sets Goats Grazing in Blighted Detroit – New York Times, June 5, 2014

A June 5, 2014 New York Times article is entitled: “Fund Manager Sets Goats Grazing in Blighted Detroit.”

Below is a photograph from the article and opening paragraphs:

Photo from June 5, 2014 New York Times article entitled: Fund Manager Sets Goats Grazing in Blighted Detroit

• To most of the world, the solution to debt-ridden Detroit is money. But for one hedge fund manager, it’s goats.

• Mark Spitznagel, the founder of the $6 billion hedge fund Universa Investments, on Thursday brought 20 goats to graze among abandoned homes and general detritus in Brightmoor, one of Detroit’s most blighted neighbourhoods.

• Not to be outdone by JPMorgan Chase, the country’s biggest bank, which recently pledged to invest $100 million to help Detroit over the next five years, Mr. Spitznagel says he is contributing directly to the community.

• “It’s an urban farming experiment,” he said of his plan to leave his goats to roam and munch on overgrown grass. “Goats are an effective way to do landscaping,” he added.

 [End of excerpt]

Photo feature about Detroit

A March 18, 2014 article at ModelDMedia.com entitled “Bill Rauhauser’s decisive moment” features some great street photography images of Detroit from earlier times.

Below is a photograph by Bill Rauhauser from the above-noted ModelDMedia.com article:

Bill Rauhauser: "Stone Burlesque," Source: March 18, 2014 article at ModelDMedia.com entitled "Bill Rauhauser's decisive moment".