Originally posted by @Scott K.:
Originally posted by @Richard Dunlop:
@Scott K said:
Scott this one I don't get at all. There are people on this web site that post articles when a company invests $10 million in Detroit.
You don't think it's relevant to the discussion that Dan Gilbert has invested $1,700 million in the past 4 years???????
Or that the Ilitch Family (Little Ceasars Pizza ) and Penske Family have also slightly less recently invested????
Is that not good for Detroit?
No not really. What does that do for the person that invest in the east side. What Gilbert is doing has had no effect on the worse parts of the city. That is what these out of state investors are being told. How does all that money help a property at Davison/Lawton area? How does that help Joy/greenfield. How does that help John R/Nevada area. All that money has done nothing to help any of the neighborhoods I just mentioned...
Dan Gilbert’s investment in Detroit has probably benefited me personally by more than $200,000 in appreciation on the properties I own. It probably has hurt some of the suburbs, so I understand why you are so bitter.
Is it good for Detroit as a whole? Absolutely! Did it fix a burned out house in a bad neighborhood? No I wasn’t expecting it to.
It has done more for Detroit than I could have ever imagined!
