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
- Multi-purpose: Attorney brings decades of experience to new role
- Court of Appeals vacates 25-year sentence for third-time drunken driver as disproportionate
- Eastpointe woman charged with animal torture moves toward trial
- Four juveniles charged with inciting a riot, malicious destruction of property
- State Bar seminar to focus on election law issues
headlines National
- Online shoppers find deals on the Temu app, but states say the trade-off is personal data
- Florida Bar reverses itself, says it is not investigating Lindsey Halligan
- Attorney indicted for trying to kill her husband of more than 25 years
- American Bar Association cites members’ needs in law firm intimidation hearing
- OpenAI sued for practicing law without a license
- Lindsey Halligan being investigated by the Florida Bar
