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Rocket founder Dan Gilbert forgoes profits on $2.2bn Detroit redevelopment
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Billionaire Dan Gilbert announces a remarkable $1 billion investment aimed at revitalizing Detroit's Renaissance Center and nearby riverfront. This project will be overseen by a nonprofit organization that emphasizes community benefits with no profits going to Gilbert. The plan includes the creation of modern housing and a vibrant walkable district complete with parks and entertainment venues.
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Rocket founder Dan Gilbert forgoes profits on $2.2bn Detroit redevelopment
TOI TECH DESK · 10/24/2026, 10:44:59 AM
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