Jared Fleisher

Built World

Defending the RenCen financing package before Detroit City Council while community benefits talks continue

Dan Gilbert's $1 billion pledge to the Renaissance Center is a gift the nonprofit behind the project will never repay, and neither Gilbert nor his companies will take a profit, his family office Rock said in the Oct. 19 announcement. The 501(c)(4) nonprofit would own, redevelop and operate the complex and 35 acres of the east riverfront, with Bedrock managing the work at no charge.

Updated Oct 24