The problem is those factories and buildings really are unusable at this stage. Here in New Jersey we have lots of those old factories in places like Newark, Hoboken, and Jersey City. Most of them have been torn down and replaced. A few have been converted into lofts, but to build a loft you need people to live there, which brings me to the second response.
The problem with Detroit is the same one as a lot of Midwestern cities, they put all their eggs into the manufacturing basket. Once those industries left for China, they were fucked. Detroit did not build up a professional/knowledge/service sector to replace manufacturing with.



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