Against tall odds, Dan Gilbert, the Quicken Loans chairman, is putting down money to revive a two-square-mile area that was once Detroit’s core.
...His plans, according to academics like Brent D. Ryan, author of “Design After Decline: How America Rebuilds Shrinking Cities,” amount to one of the most ambitious privately financed urban reclamation projects in American history.
Opportunity Detroit, as Mr. Gilbert has branded it, is both a rescue mission and a business venture.... When he started buying in 2011, the city was having what he has described as a “skyscraper sale.”
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