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Geologists generally know the age of a rock by determining the age of the group of rocks, or formation, that it is found in.
This article is part of a weeklong America series on Detroit.
He's the catalyst for this city's economic restoration, and some citizens are hailing him as the savior of Detroit. Dan Gilbert doesn't need a political title; elected office could hardly augment his financial influence over Detroit. The founder and chairman of Rock Ventures, an umbrella entity that includes Quicken Loans and scores of other properties, Gilbert has consolidated power in the region in an astonishingly short time. First, he moved Quicken Loans' headquarters from the suburbs to downtown in August He now controls more than 40 downtown properties — covering nearly 8 million square feet of real estate — and his companies have shifted more than 12, employees into the city.
More than just a CEO, Gilbert romantic dates in Hialeah FL taken on outsize roles as Detroit's chief booster, developer, and now, security officer. His company squires out-of-town reporters and prospective businesses on downtown tours, selling specific points of progress and trying to frame Detroit as America's smartest urban investment. He is recruiting new businesses more than so far and is evangelical about the importance of creating Gilbert that draw foot traffic in downtown Richmond Virginia VA scams dating midtown neighborhoods.
And, in the absence of a functioning, solvent local government, Gilbert has taken it upon himself to confront safety concerns by installing a state-of-the-art surveillance system downtown to supplement an underfunded and undermanned Detroit Police Department. The ACLU dating chinese Mexico MO girl it disapproves of this given the potential privacy concerns but says it cannot prevent business owners from monitoring their own properties. In dating lengthy rock, Gilbert said he is just "filling some of the void" created by years of fiscal mismanagement and political corruption.
He says he is doing for Detroit what the city cannot do for itself — even if it gives him unprecedented, unelected power over Michigan's largest metropolis.
We can afford it. That he can.
His fortune is self-made. Today it is the country's largest online lender and easily the biggest moneymaker for Rock Ventures.
Gilbert, a shrewd businessman, is also a native son. Like his father and grandfather, he was born in Detroit and grew up just outside the city in Southfield. Small Irving dating generation largely saw Detroit as a battered city, bleeding residents, yet he says the still-recent memory of a majestic Motor City captivated him. Decades later, as Detroit's property values hit rock bottom, Gilbert watched a parade of college graduates reject his offers to work in isolated suburban structures.
So, Gilbert thought he could merge his personal and professional goals by reviving Detroit japanese dating Baltimore Maryland MD taking advantage of what he calls the city's "skyscraper sale. At the same time, he could expand his business empire by luring businesses to a newly vibrant "urban core," where they would then rent space in his properties.
How do geologists know how old a rock is?
It was an ambitious and risky move, even for such a rich guy. Given decades of race and class tension between Detroit and surrounding suburbs, some here are skeptical about anyone — much less a white man from Southfield — monopolizing the city's downtown real estate. And they've seen this movie before, with other wealthy white businessmen and developers — such as Mike Illitch, owner of two local professional sports teams — hailed as the potential Mississippi dateing services who would rescue Detroit.
Quicken Loans' role in the subprime mortgage crisis and Gilbert's campaign contributions to the now-incarcerated former Mayor Kwame Kilpatrick have only provided more ammunition for his critics. And ultimately, there is the fact that Gilbert is a businessman, not a philanthropist. He acknowledges that by promoting Detroit's resurgence, he is also helping out his own financial self-interest, and he makes no apologies for it.
Still, most Detroiters are buying in. Gilbert is widely viewed as a good corporate citizen, unlike other local tycoons who have been reviled by residents for purchasing properties only to let them sit idle or raze them for flat parking lots.
Mayor Mike Duggan, who took office east dating Detroit Michigan January, praises the impact of Gilbert's efforts in making Detroit a more attractive place for young professionals to live. They want to be in the urban setting," says Duggan.
Gilbert's and the city's next big challenge is to spread this success to Detroit's sprawling outer neighborhoods, many devastated by abandonment. Detroit can never regain its reputation as a world-class metropolis while its poorest sections rot around a revitalized downtown. Nor can the city solve its other major problems like crime, education, or the lack of jobs without first eliminating Detroit's blight. Still, Gilbert remains undaunted. As the cochair of the Detroit Blight Task Force, a privately funded group, he is executing find a friend Mckinney TX free vast survey project.
Then, Gilbert and his team will present the findings and develop a plan by this spring to abolish the city's blight. It's likely to be an ambitious and incredibly expensive proposal, potentially costing north of a half billion dollars if every vacant structure is razed. And it's one that may well benefit Gilbert in the long run. But if he is known for one thing around here, it is for reaching for his wallet when Detroit can't cover its tab and betting, in the end, that he'll get paid back in some way.
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