Welcome to Abel to Yzerman, a Red Wing blog since 1977. No other site on the internet has better-researched, fact-laden and better prepared discussions than A2Y. Re-phrase: we do little research, find facts and stats highly overrated and claim little to no preparation. There are 19 readers of A2Y. No more, no less. All of them, except maybe one, are juvenile in nature. Reminding them of that in the comment section will only encourage them to prove that.
So, what is going on is Stephen Ross (Dolphins owner, real estate developer, and U of M alum) wants in on the Detroit re-development. He wants U of M to open a satellite campus in Detroit (and probably made it a condition of a gift to them). He therefore will get a major slice of his own gift to U of M.
And who gets to pay for this 1.5B planned initiative? Why you the taxpayers of course--partially at least.
Why: probably because Dan Gilbert is probably facing the prospect of a major downturn in the mortgage business (both because of market conditions and competition with United Wholesale) and selling some of the 100+ buildings he owns in Detroit because of market conditions. Plus, he is now funding a fight against neurofibromatosis (what his kid Nick suffers from) which can lead to cancerous tissues on the nerve system. This usually reduces life expectancy by 15-20 years. And that is even before you get into Gilbert's health (who had a massive stroke a few years ago) is factored in.
www.detroitnews.com%2Fstory%2F..." class="redactor-autoparser-object">https://cm.detroitnews.com/com... and private incentives will be funding this. So the City of Detroit will get screwed again by the Pizza mafia. Great. Wasn't that part of their plan when they wanted funding for the Big Dough Arena? What a joke.
More BS corporate handouts that benefit no one but the people with oodles of money already. Make Illich and company follow through on the original development promises before you even think about giving any developer another public dime.
The project sounds like the perfect Brownfield candidate.
It's just ironic that there was some complaining that the Wings didn't follow through with their proposed development (which, like I've said before, will take many many years to complete via phases), and now that the next step has been announced there is complaining about how they do it.
This development makes no sense to me, they're using all the parking lots, with no plans to build or replace them?
The area still has no reliable transit system in and out, and they adding "commercial space", how do the tenants workers and customer get there? Let alone the existing traffic, with folks going to games, etc.? Detroit has already returned to be an undesirable place to work, the pre-covid allure or vibrant social aspects, bars, restaurants, etc. that was rebounding has fizzled. The parking cost is skyrocketing, this area especially will be $300+ a month to park and then still walk a distance in Michigan weather, plus city taxes, the mess of a commute, it just doesn't make sense. Step 1 has to be solving parking or transit for something like this to work.
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