Detroit developer cites 'substantial taxes' as reason big blue cities like NYC are in trouble

America’s once-iconic industrial hub is primed for an economic comeback as major metropolitan areas continue to bleed residents to lower-tax states, a prominent Michigan developer told Fox News Digital.

Rodney Lockwood, Board Chairman of the Mackinac Center for Public Policy, warned that high-tax cities like New York City, Los Angeles, and San Francisco are facing serious structural trouble.

"I think we have to look at both sides: what is not working, and then what will work," Lockwood said.