Gilbert Pledges $1B for RenCen Revamp
Dan Gilbert has pledged one billion dollars to establish a nonprofit that will redevelop and own Detroit's Renaissance Center. The ambitious project includes demolishing specific towers and creating new public park spaces.
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Billionaire Dan Gilbert has pledged $1 billion to establish a nonprofit that will redevelop and own the Renaissance Center district, shifting the $2 billion Detroit project into a community-led model. The restructuring comes as development partners work to revamp the 35-acre east riverfront area in the United States. The non-repayable pledge aims to secure public support and accelerate approvals for the complex overhaul.
