Time Magazine has purchased a home in Detroit’s West Village neighborhood, as the media company steps up efforts to chronicle the economic turmoil taking place in the Motor City, The Free Press reports.
The Magazine employed a similar strategy in New Orleans in the wake of Hurricane Katrina.
Bill Mitchell, a former Free Press reporter and editor and Time magazine bureau chief in Detroit said: “It’s really an enterprising way of storytelling. It’s an interesting situation where the journalist will be not only an independent observer, but a stakeholder” in the city.
Time purchased the 1914-constructed, five-bedroom, three-bath home on Parker Avenue for $99,000, according to the paper.