Radio One owns a CHR in Indianapolis, Indiana.
So heres a suggestion for what what Radio One could do with Hot 102.7:
http://www.radionow1009.com/They could change Hot 102.7 to Radio Now 102.7 "All The Hits" to compete against Channel 955 if CBS dont change V 98.7 to CHR, and they probably still could even if V 98.7 changed to CHR, then Detroit would have 3 CHR radio station. I dont know how that would work thou.
A CHR format in my opinion even a mainstream CHR is a Urban format cause most CHR's are found in areas that have a African American population.
Hot 102.7 could change to Top 40 and be named Radio Now 102.7.
How about : Radio Now 102.7
http://www.radionow1009.com/