DETROIT (AP) — Billionaire developer Stephen Ross and the Ford Foundation are part of a $27.5 million effort to help revive Detroit neighborhoods.
Crain's Detroit Business reports the owner of the Miami Dolphins late last week announced a $7.5 million investment in the project that also includes $10 million from the Ford Foundation.
Their investments add to $10 million from The Platform LLC, a development company.
The Platform Neighborhood Initiative is working to bring affordable housing and market-rate apartments to areas of Detroit that haven't seen the biggest redevelopment efforts.
The announcement came during the fourth annual Detroit Homecoming, an event to bring in professionals with Detroit ties in hopes of convincing them to invest or reinvest in the city.
Ross earned his law degree from Wayne State University in Detroit.
- Posted September 18, 2017
- Tweet This | Share on Facebook
Stephen Ross, Ford Foundation boost Detroit revival efforts
headlines Macomb
headlines National
- Incarceration series includes female inmates but doesn’t tell full story
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Former DOJ official who alleged election fraud violated at least one ethics rule, ethics committee says
- Winston & Strawn will provide reduced-cost legal services for routine tasks under Winston Legal Solutions umbrella
- Should Justice Sotomayor retire? Chemerinsky, White House haven’t joined calls for her to step down
- Which BigLaw firms are increasing lateral associate hiring the most? One made legal headlines last year