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Dan Gilbert’s Downtown Detroit: The Power of One

When a city is down and out, there are those who look for the upside. People like Dan Glbert of Quicken Loans in Detroit. When a city hits rock bottom (Detroit), or hits hard times (Buffalo), there will always be an ambitious few who dig their heels in and capitalize on the downturn. In order to protect their investments, the strategy is to keep investing.

In Buffalo we see it with Termini and Zemsky, and in Detroit we’re seeing it on a super sized scale with Gilbert. There will be one or two that trailblaze the way, while others gather up the crumbs surrounding the investments. Check out this insightful article in New York Magazine that tells the story of Rust Belt cities that are poised for comebacks. This is a familiar story filled with telltale life lessons that point out the pitfalls and the opportunities awaiting around every corner in downtrodden cities.

 

Written by queenseyes

queenseyes

Newell Nussbaumer is 'queenseyes' - Eyes of the Queen City and Founder of Buffalo Rising. Co-founder Elmwood Avenue Festival of the Arts. Co-founder Powder Keg Festival that built the world's largest ice maze (Guinness Book of World Records). Instigator behind Emerald Beach at the Erie Basin Marina. Co-created Flurrious! winter festival. Co-creator of Rusty Chain Beer. Instigator behind Saturday Artisan Market (SAM) at Canalside, Buffalo Porchfest, and Paint vs. Paint. Founder of The Peddler retro and vintage market on Elmwood. Instigator behind Liberty Hound @ Canalside. Throws The Witches Ball at Statler City, the Hertel Alley Street Art Festival, and The Flutterby Festival.

Contact Newell Nussbaumer | Newell@BuffaloRising.com

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