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Uniroyal Site Cleanup in Sight 20101206-NEWS--0001-NAT-CCI-CD_-- 12/3/2010 6:11 PM Page 1 ® www.crainsdetroit.com Vol. 26, No. 50 DECEMBER 6 – 12, 2010 $2 a copy; $59 a year ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved Page 3 SHAR seeks greener Suppliers back in price vise pastures for urban farm Wall said IHS had forecast price Automakers seek reductions as sales rebound reduction requests to suppliers Greektown feels flush from the carmakers for mid-to-late BY DUSTIN WALSH quests. Novi-based IHS Automotive Group 2011, but automotive sales have re- despite holding a net loss CRAIN’S DETROIT BUSINESS JPMorgan re- LLC, said the pricing pressure is ex- covered faster than expected and ported that JCI, pected, especially because some with it the financial health of sup- Vehicle sales are rebounding a maker of seat- suppliers are becoming profitable pliers. Inside and so are price reduction de- ing systems and again. November auto sales were up 20 mands to suppliers from automak- instrument pan- “A lot of the fundamentals are percent for Ford Motor Co. and up 11 ers. els, is facing coming back, and it forces those percent for General Motors Co. year OK of Pure Michigan funds In a note last week from JPMor- price-reduction folks that are watching the dollars over year. gan Chase & Co., analysts said exec- demands of 2 and cents to take a longer look at Nearly two-thirds of suppliers among late-session moves. utives with Milwaukee-based John- percent to 6 per- pricing,” he said. “Purchasing expect 2010 revenue to finish at son Controls Inc., whose automotive Capitol Briefings, Page 33 cent from the Wall groups are going to come back into least 20 percent higher than last interiors segment headquarters is OEMs on some the fray and start looking at long- year, according to a global suppli- based in Plymouth, said it was fac- of its programs. Mike Wall, direc- term (purchasing) agreements ing intensified price-reduction re- Focus: Best Lawyers tor of global financial services for again.” See Suppliers, Page 37 Peers’ picks make list of area’s top Wyant’s lawyers, Pages 11-29 Lowe work This Just In State fund recommends to be asset $34M for Detroit riverfront Snyder pick targets The city of Detroit’s river- front could get $34 million in economic growth park funding under a set of recommendations by the BY CHAD HALCOM Michigan Natural Resources CRAIN’S DETROIT BUSINESS Trust Fund. Of the spending, $25 mil- Strategies to grow second-stage lion would be for land acqui- businesses into large employers sition near the RiverWalk and to re-imag- path and $9 million would go ine Detroit’s for a public recreation center large urban in the Globe Building on the neighborhoods riverfront. The exact loca- might seem far tion was not disclosed. NATHAN SKID/CRAIN’S DETROIT BUSINESS removed from Seen from the MacArthur Bridge, the 40-acre former Uniroyal riverfront site that is targeted for cleanup and Also proposed is $375,000 Dan Wyant’s redevelopment stretches behind Detroit Economic Growth Corp. President George Jackson. to extend the Dequindre Cut new position in north of Gratiot Avenue. Lansing. The recommendations go to But he sees Gov. Jennifer Granholm for those challenges Wyant her review. She will then as a natural fit. forward them to the Legisla- Wyant, 51, re- Uniroyal site cleanup in sight ture. MORE PICKS turns to state The requests are part of government in Group execs: January after a $102 million in spending New structure Cost-sharing plan in place for major portion from the fund, which is using takes shape, five-year ab- proceeds of the state’s May Page 36 sence to become BY DANIEL DUGGAN Jackson, who has been working auction of $178 million in Gov.-elect Rick CRAIN’S DETROIT BUSINESS on the development deal for nine Snyder’s group executive for quali- The bottom line is years. mineral rights in northern In 1981, the city of Detroit ty of life, supervising the soon-to- “ “The bottom line is that we Michigan to natural gas ex- bought a recently closed tire fac- be-reconstituted Department of Nat- that we now have an now have an agreement on how to ploration companies. tory on the riverfront with the — Daniel Duggan ural Resources, Department of move forward,” he said. “And Agriculture and Rural Development, idea of creating agreement on how to we’re getting the level of remedia- a bustling new See This Just In, Page 2 THE SITE tion that we’ve wanted — to have See Wyant, Page 36 development. move forward. it brought to residential levels, Time line: Now, after ” not industrial.” Development nearly 30 years George Jackson, DEGC The cost to remediate the por- long in coming, Page 37 have passed and tion under agreement is divided four mayors 40-acre site and lays out an 18- between Detroit-based DTE Energy have worked on the Uniroyal site, month work schedule to start ear- Co.; Wilmington, Del.-based E.I. du an end to the delays may be in ly next year. Pont de Nemours & Co.; and sight. And a resolution is close to be- Greenville, S.C.-based Michelin A plan is finally in place that ing finalized for the remainder of USA Inc. dictates which companies will the site, said Detroit Economic The cost to clean up the site has NEWSPAPER pay for the cleanup of most of the Growth Corp. President George See Cleanup, Page 37 20101206-NEWS--0002-NAT-CCI-CD_-- 12/3/2010 5:38 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS December 6, 2010 For more information, visit Friday on clean-tech opportuni- ing the educational needs for THIS JUST IN The way it was: 1996 www.wwteachingfellowship.org. ties in China for Michigan busi- both adults and children,” said nesses. Brad Jackson, vice president of ■ From Page 1 Throughout our 25th-anniversary Topics include best practices corporate affairs for Moroun’s year, Crain’s will use this space DPS foundation launches and challenges involving tech Detroit International Bridge Co., in Snyder to address Wayne State to look at interesting items from direct-mail fund campaign transfer to and manufacturing in an e-mail. past issues. China; Chinese priorities in in- Last week, Moroun, 83, and his accounting students, public The Detroit Public Schools Foun- vesting in overseas clean tech; family announced a $1 million do- dation, which has raised $2.2 mil- Michigan Gov.-elect Rick Snyder public policies, government pro- nation to University Liggett School We are lion in corporate, foundation and will address Wayne State University grams and legal issues at the na- in Grosse Pointe Woods to endow “ individual contributions since accounting students on Thursday obviously tional and local level in China; three merit scholarships to stu- August 2009, has begun its first- at its Detroit campus. and clean-tech research and incu- dents. ever annual appeal. WSU’s Department of Account- pleased that bation partnerships in China. In July, Moroun donated more The foundation sent out a di- ing is hosting Snyder, the state’s The event runs from 8 a.m. to 5 than $200,000 to Community Health rect-mail appeal across the re- first accountant to be elected gov- baseball fans will see a 1998 p.m. at the Michigan Union Ball- and Social Services Center Inc. gion to about 3,000 people who ernor, as part of its George R. room. The symposium is free for through the Detroit International season at our classic have either expressed interest in Husband Distinguished Lecture UM students or employees and Bridge Co. and Ammex Global Mar- supporting the district or identi- Series. $50 for others. ketplace to leverage $561,000 from ballpark. fied themselves as DPS alumni, Snyder will speak on the ac- For information, call (734) 647- the U.S. Department of Health and said foundation president and counting profession and will re- ” 9799, contact Henry Ladd at clean- Human Services for a new health CEO Chacona Johnson. count his personal journey from Bill Dow, Tiger Stadium Fan Club [email protected], or go to center for the Southwest Detroit The foundation was estab- CPA to CEO to venture capitalist www.bus.umich.edu/conferences nonprofit. From a July 1, 1996, article about lished in 2002 but was not staffed to governor. the planned opening of a new and click on the clean-tech sympo- until four employees were hired — Sherri Welch The event will take place at 1 stadium for the Detroit Tigers sium. last fall. p.m. on Thursday at the universi- being pushed back from 1998 to — Tom Henderson The foundation is funding pro- ty’s Community Arts Auditori- 1999. Comerica Park would grams that benefit DPS students, Consumers hires DTE exec as um. The event is free and open to eventually open in 2000. including the DPS Reading Moroun family foundation the public, but reservations are new VP for customer operations program in teacher preparation Corps, early childhood educa- required. Visit www.spe- to formalize charitable giving for graduates in science, technol- tion, fine and performing arts Consumers Energy Co. has cialevents.wayne.edu/grhlec- ogy, engineering and math. programs, math and science com- Trucking industrialist and Am- tapped a DTE Energy Co. executive ture2010 or call (313) 577-0300. Accepted applicants will re- petitions for students of all ages bassador Bridge owner Manuel to head the Jackson-based utili- — Dustin Walsh ceive a $30,000 stipend to study and principal development and “Matty” Moroun and his family are ty’s customer operations.
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