In 1986, the Water street pavilion opens, the result of a plan that may have been under way since the early 1970s. Also in 1986, the number of layoffs at GM do not total 30000 bujt about 10,000, according to Jacobson. The real " watershed" of latoffs had occurred much earlier, in 1974. the net loss of jobs since 1974 was about 32,000