Monday, July 10, 2023

TURNAROUNDS TAKE TIME

GREAT CITIES DO NOT HAPPEN OVERNIGHT

CREATING PLACE AND PROSPERITY REQUIRES PATIENCE

“Hundreds of buildings have been repurposed in Downtown Detroit.

Dan Gilbert bought and repurposed 100 buildings in the core alone,” Eric Larson, head of the Downtown Detroit Partnership, said of the billionaire, businessman, and philanthropist, who is co-founder and majority owner of Rocket Mortgage, founder of Rock Ventures, and owner of the Cleveland Cavaliers.

“We avoided the scatter gun approach.

We concentrated the money in areas that had a base of stability.

You bring it back then move to the next neighborhood.”

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