Dan, Jennifer Gilbert announce $500 million investment in Detroit neighborhoods

[demmiblue]

Tying his own recovery to Detroit's, billionaire Dan Gilbert spoke Thursday on "CBS This Morning" about his comeback from a stroke nearly two years ago — and made an announcement to invest $500 million over the next decade in Detroit.

The first $15 million is earmarked to help cover delinquent property tax in the city, a problem he said contributed to blight, vacancies, and foreclosures.

"We'd like to see the people of Detroit benefit," he said, describing his plan, which he hopes will continue to rebuild the city. "When you're at the energy level of downtown right now, we can carry that to the neighborhoods," which would give the whole city a boost.

The money is expected to pay taxes for about 20,000 homes, with the aim of creating wealth in the city.

Billed as his first major — and exclusive — TV interview, Gilbert and his wife, Jennifer, spoke at their suburban Detroit home to CBS correspondent Dana Jacobson.

https://www.freep.com/story/money/business/michigan/2021/03/25/dan-gilbert-jennifer-detroit-investment-cbs-morning/6994512002/

[CurtEastPoint]

1. This is a good example of a rich person with a social conscience. He made it big time and is sharing

[multigraincracker]

2. My friends daughter is an accountant that works for him.

She says he is a great person to work for.