Dan Gilbert Announces $500 Million Investment in Detroit Neighborhoods

Dan Gilbert, the billionaire credited with the revitalization of development interest in and around Downtown Detroit, made a bombshell announcement in his first in-depth interview since suffering a stroke in 2019.

2 minute read

March 26, 2021, 8:00 AM PDT

By James Brasuell @CasualBrasuell

Suburban Homes

KyleHohler / Shutterstock

Charles E. Ramirez and James David Dickson reports on a new approach to Detroit revitalization—moving out of Downtown and into the city's neighborhoods. 

In recent years, as investments in Detroit transformed much of downtown and Midtown, a short drive away on any main road — up Woodward, up Grand River, down Jefferson, up Gratiot — told a different story, and for some Detroiters the real story: the city's neighborhoods, where its people live, where its small businesses call home, are still struggling.

Dan Gilbert, the billionaire who has been credited as the driver of the ongoing revitalization of Downtown Detroit, announced this week a substantial development in the narrative of the city by saying he plans to invest $500 million in neighborhood revitalization.

"The Quicken Loans Inc. founder and Cleveland Cavaliers owner made the announcement during an interview that aired Thursday on 'CBS This Morning,' and expanded on it at a 10 a.m. press conference at One Campus Martius," report Ramirez and Dickson.

"The business titan told CBS the effort will start with $15 million for overdue property taxes. It will cover about 20,000 homes, Jay Farner, CEO of Rocket Mortgage, said." The Detroit Tax Relief Fund will be administered by the homeowner's property tax assistance program and Pay As You Stay (PAYS), both under the Wayne County Treasurer's Office.

More on Gilbert's civic activities and development investments in the past decade are included in the article, in addition to a discussion about the role of Gilbert's company, in the sub-prime and mortgage foreclosure crisis of the Great Recession.

Thursday, March 25, 2021 in The Detroit News

View of Mount Hood at golden hour with Happy Valley, Oregon homes in foreground.

Clackamas County Votes to Allow ADUs, Residential RVs

County officials hope the zoning changes will help boost the housing supply in the region.

June 18, 2024 - Mountain Times

Single-family homes in a suburban neighborhood in Florida.

New Florida Law Curbs HOA Power

The legislation seeks to cut down on ‘absurd’ citations for low-level violations.

June 16, 2024 - The Guardian

Aerial view of intersection in New York City with yellow cabs and zebra crosswalks.

Planners’ Complicity in Excessive Traffic Deaths

Professor Wes Marshall’s provocatively-titled new book, "Killed by a Traffic Engineer," has stimulated fierce debates. Are his criticisms justified? Let’s examine the degree that traffic engineers contribute to avoidable traffic deaths.

June 13, 2024 - Todd Litman

View of Palos Verdes Drive along Pacific Ocean in Palos Verdes, California at sunset.

Erosion Threatens SoCal Road, Lloyd Wright Icon

The city of Palos Verdes is closing parts of a roadway to cyclists, citing safety concerns as the land underneath moves between 7 and 12 inches per week.

5 hours ago - Daily Breeze

Faded image of vacant storefront in rural area with American flag stars painteind on windows.

COVID Isn’t to Blame for the Retail Vacancy Crisis

A drop in demand for retail space began well before the seismic shifts of the pandemic.

7 hours ago - Slate

Heavy New York City traffic headed toward Holland Tunnel in Manhattan.

Judge Rules in Favor of MTA in Congestion Pricing Suit

Advocates of the program are calling on Gov. Hochul to reinstate the program in light of the decision.

June 23 - StreetsBlog NYC

City Planner I

Department of Housing and Community Development

City Planner II

Department of Housing and Community Development

City Planner Supervisor

Department of Housing and Community Development

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.