Investing in Detroit's Renaissance
Dan Gilbert, the founder and chairman of Quicken Loans Inc., is perhaps one of Detroit's biggest boosters of late. And he's putting his money where his mouth is.
Daniel Howes reports on Gilbert's bullish optimism for investment and development opportunities in Downtown Detroit and on his efforts to attract young professionals to the city.
"Gilbert's buying spree - the Madison and the Dime Bank building, the First National Bank building and the Chase Tower, to name four - is driven as much by attractive economics and an entrepreneur's nose for first-mover advantage as any do-gooder philanthropic urge to save downtown."
"'We are almost at that proverbial tipping point in Midtown and downtown, if we aren't already there,' [Matt] Cullen [Matt Cullen, president of Gilbert's Rock Ventures], says of the mounting urban momentum despite the city's financial troubles."
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Published on Friday, January 27, 2012 in
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