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©Entire contents copyright 2008 by Crain Communications Inc. All rights reserved THIS JUST IN Michael DeVos was hired to NCAA regional semifinals make unpopular decisions On tap: More give Detroit hotels a boost and change the The NCAA regional semifinals brought a boost to the downtown Detroit ho- state’s system for tel market March 28 and 29, according to statistics released to Crain’s by the awarding low- Hendersonville, Tenn.- could get based hospitality research firm Smith Travel Research. income housing Detroit’s hotel occupancy was 85 percent on March projects. He did 28, when there were two Sweet 16 games at Ford Field. And in preparation both and ran afoul of MEGA credits for March 30’s Elite 8 game, Saturday’s occupancy was 75 percent. entrenched interests. Was The city’s average occu- Need to look outside state may be cut pancy is 55 percent. his resignation a The entire region had a BY AMY LANE passed the Senate near-unanimously, small bump with Friday CAPITOL CORRESPONDENT and all are designed to give the 13- and Saturday occupancy at year-old tax credit and incentive pro- 61 percent and 62 percent, LANSING — Michigan businesses gram new competitiveness and rele- the company reported, may no longer have to shop outside vance. compared to the average of Culture clash the state for another location to quali- The timing is opportune, as the im- 59 percent. fy for Michigan Economic Growth Author- pact of Michigan’s new business-tax Ford Field hosts the ity tax credits. structure continues to unfold and one NCAA Final Four men’s A new bill, which has passed the neighboring state has stepped up its basketball games in 2009. state Senate and moves on to the efforts to woo Michigan business. (See — Daniel Duggan House, is one of several new weapons story, Capitol Briefings, Page 33.) or power play? the state may add in its battle with Senate Bill 1189, sponsored by Borders enhances other states for jobs and investment. Hansen Clarke, D-Detroit, would Beyond that, there are several oth- make more businesses eligible for bonuses for top execs er changes on tap to the MEGA pro- MEGA incentives, including elimi- BY DANIEL DUGGAN Key Borders Group Inc. ex- gram. Two await Gov. Jennifer CRAIN’S DETROIT BUSINESS See MEGA, Page 33 ecutives will be eligible for Granholm’s signature, others have doubled bonuses under a hen the state’s housing authority set out to find plan filed April 4 with the a new director in 2005, a memo crafted for the U.S. Securities and Exchange headhunter laid out the expectations. Commission. W Develop an urban housing agenda, it stated. The bonus hikes are Change the process for choosing low-income housing develop- aimed at retaining key ex- ers who receive federal tax incentives. Be able to make “un- Hail to the victors solvent: ecs during the Ann Arbor- popular decisions.” based bookseller’s strate- By all accounts, Michael DeVos nailed those goals as executive gic review process director of the Michigan State Housing and Development Authority. announced last month, But DeVos was pressured to resign March 14 after his ef- UM bests Buckeyes at bonds which may include the sale forts to change MSHDA’s policies caused a rift in the low-in- of the company or some come housing development community. Borders divisions, accord- Those close to MSHDA say it was a case of a passionate out- BY BILL SHEA risk of defaulting. It also means the ing to the SEC filing. sider coming into an organization hell-bent on changing it — CRAIN’S DETROIT BUSINESS school gets among the lowest interest Under the plan, execu- while the interests who have benefited over the years pushed rates possible, something unavailable Unable to conquer the Buckeyes on tive officers performing at back. to other universities and municipali- the gridiron in recent years, the Uni- or above target levels may “He just gave up at the end,” said Kathy Makino, president ties with lesser ratings. versity of Michigan can take solace in have doubled bonus-partici- of Wayne-based Shelborne Development, which has done a lot of The subprime mortgage crisis last the fact it is bucking the crisis in the pation levels. The current MSHDA development work. “He felt like he was being at- year spilled into the municipal bond municipal bond market better than plan allows execs who meet tacked in all areas.” market, and some municipalities its counterpart to the south. performance goals to re- The proposed changes revolved around the distribution of have halted or scaled back projects Why? Because it’s the University of ceive a cash award based on money through the federal Low Income Housing Tax Credit out of fear of higher interest rates. Michigan, and Wall Street loves it. a percentage of base salary program. Michigan, like every state, allocates developer in- Universities, which can issue bonds, The school is one of just three pub- at one of three levels — centives according to the guidelines of a Qualified Allocation generally have been less affected. lic universities in the country to have threshold, target and maxi- Plan written at the state level. Developers follow the QAP as a UM in January issued $224 million the elite AAA bond rating from Stan- mum — corresponding to 20 guide to propose low-income housing projects. in general obligation bonds to finance dard & Poor’s and Moody’s Investors percent, 80 percent and 160 The incentives for developers are tax credits they can sell to parts of several major capital pro- Service. The other two are the univer- percent of salary. investors to offset the costs of housing projects. Investors buy jects, including the ongoing renova- sities of Texas and Virginia. The arrangement was the credits at a discount but can apply them at face value to tion of Michigan Stadium. The aver- Such a rating tells investors that their own tax obligations. age daily interest rates on those UM is the safest bet for their money — See This Just In, Page 2 See DeVos, Page 32 that the university is basically at zero See Credit, Page 30

Brighton company takes Labor’s hero undervalued golf courses falls from grace,

NEWSPAPER to the leader board, Page 19 Page 3 DETROIT BUSINESS MAIN 04-07-08 A 2 CDB 4/4/2008 6:00 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS April 7, 2008

ceremony at NextEnergy. The event is spon- pects to complete the project in the spring THIS JUST IN sored by the Bank of America, the Detroit Eco- of 2009, said director of communications CORRECTIONS nomic Growth Corp. and Detroit Renaissance. Barbara Lewis. ■ From Page 1 — Nancy Kaffer — Sherri Begin One of the people chosen for last week’s 20 in their 20s, which honors achievers under 30, approved Monday by the compensation Con-way hiring 50 for sales is not eligible for inclusion because he gave in- committee of the company’s board of di- Science Center to get addition Ann Arbor-based Con-way Freight Inc. on correct information about his age. rectors. The Detroit Science Center plans to break Friday said it plans to hire 50 new sales Dwight Zahringer, chosen for his efforts to Also last week, the retailer announced it ground April 30 on an 80,000-square-foot, employees as it continues its redevelop- funnel used wireless devices to charities, is would delay filing its annual report form $15 million addition to its building. ment plans. actually 32, according to two online public The four-story attached structure, for fiscal year 2007, which ended Feb. 2. The new hires will bring the freight record databases. which extends into the center’s parking The late filing, according to a press re- transportation company’s employment to Zahringer gave his age as 29 on the form lease, is to allow Borders to complete its nearly 400 in the region. lot, will house leased space for the Thomp- he filled out to be considered for 20 in their Crain’s Detroit evaluation of financing alternatives. Bor- In August, Conway centralized its three son Educational Foundation-backed University 20s and verified it to two Business ders officials expect to make that filing regional companies into a single unit Preparatory Science-Math Middle School and a staff members afterward. April 17. headquartered in Ann Arbor as part of a new lobby, gift shop and café for the sci- Assistant Managing Editor Jennette Smith Crain’s Borders announced last month that it reorganization. ence center. reviewed an e-mail sent to last week had retained advisers on plans for a possi- The company plans to begin its hiring at The science center expects the project asserting that Zahringer was over 30. Smith then left a message for Zahringer requesting ble sale and that it had received a commit- a job fair set for 5-8 p.m. Tuesday at the will be finished by May of 2009, said Kelly proof of age. Zahringer on Thursday faxed a ment for a $42.5 million loan from Pershing company’s office at 4880 Venture Drive in Fulford, director of public relations and Square Capital Management L.P., which has Ann Arbor. Parent company Con-way Inc. letter withdrawing from events surrounding marketing for the science center. 20 in their 20s “for personal reasons.” offered to buy Borders’ international hold- (NYSE: CNW) is a $4.4 billion freight trans- — Sherri Begin Crain’s uses a lengthy multi-stepped ings. portation and logistics services company. process to select those honored as 20 in their — Nancy Kaffer — Bill Shea Skid adds food beat to plate 20s. That includes vetting candidates with Nathan Skid is adding coverage of the outside sources about their accomplish- Detroit companies honored Senior housing project starts food industry to his responsibilities. ments. To date, however, ages have not been Five Detroit companies have been nomi- Lutheran Social Services of Michigan has Skid, 25, joined independently verified. That will change in nated to the Initiative for a Competitive Inner begun construction of a 37,000-square-foot Crain’s Detroit Business the future for this feature and others, such as City’s Inner City 100. affordable housing apartment building for in January as multime- 40 under 40, where age is among the criteria. Aluminum Supply Co., FutureNet Group, low-income seniors on Detroit’s far east dia reporter. He will Crain’s deeply regrets that a much sought- NLM, VisionIT and White Construction were side. continue in that capaci- after slot was used for a candidate who did the companies named by the ICIC, a Known as Gateshead Crossing, the 46- ty, which includes not deserve it. Boston-based nonprofit organization. unit building garnered pre-development shooting and editing Cindy Goodaker, executive editor Inner City 500 companies must have and construction grants totaling $5.4 mil- videos and photographs Ⅲ been in business more than five years with lion from the U.S. Department of Housing and for the Web and print. Ⅲ A story on Page 36 of the March 31 edition more than 10 employees and at least 51 per- Urban Development to fund the project and Skid is a graduate of should have clarified that while Kwame Kil- cent of operations in an economically dis- nearly $510,000 for rent subsidies. Skid the University of Missouri patrick announced to the City Council in tressed urban area. They also must show Grand Rapids-based Allspach Architecture with a degree in conver- 2002 that First Independence National Bank an increase from fourth- to fifth-year sales is designer on the project, and G. Fisher Con- gence journalism. would oversee a $10 million fund for startup — which must total at least $1 million. The struction in Farmington is overseeing con- He can be reached at (313) 446-1654 or at loans, the bank actually was never awarded nominees will be honored Tuesday at a struction. Lutheran Social Services ex- [email protected]. the contract. DETROIT BUSINESS MAIN 04-07-08 A 3 CDB 4/4/2008 6:09 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 3 CRAIN’S Hospitals win Medicare suit INDEX Taking Stock: people enrolled in state Medicaid Somanetics Corp. to buy 4 in metro Detroit get a piece of $666 million pie programs and are thus counted for back up to $15 million of DSH add-on payments. common shares. Page 4. BY JAY GREENE pitals that provided care to indigent bursement policy, CMS administers both the Too hot to grab: Muddy portfolio raises the CRAIN’S DETROIT BUSINESS patients from 1991 to 1995. Medicare reim- Medicare and Medicaid programs. Medicaid is jointly funded by states question of what National “This is a significant payment that burses hospitals City is worth. Page 6. In payouts averaging about $1 mil- for a lot of hospitals means the differ- that serve a speci- and the CMS but is administered by lion each, at least eight hospitals in ence between being in the black or fied percentage of individual states. Medicare primar- Michigan, four locally, are expecting the red for the year,” said Kenneth indigent patients ily covers people age 65 and older. checks from the federal government Marcus of Honigman Miller Schwartz through what is But some younger people with dis- to settle one of the largest cases in and Cohn L.L.P. in Detroit, one of the called the “Dispro- abilities or some diseases are also Medicare payment appeals history. lead attorneys in the lawsuit. portionate Share eligible for coverage under the pro- Under the settlement agreement “This is not a windfall. The hospi- Hospital Adjust- gram. reached last month, the Centers for tals are likely receiving less than Marcus ment,” or DSH. By Detroit-area institutions receiving Medicare and Medicaid Services will they were entitled,” he said. federal rules, indi- settlement money include three hos- Givers & Shakers: Dinner pay a total of $666 million to 667 hos- In a sometimes confusing reim- gent patients are defined as those See Medicare, Page 29 dance aims to keep Henry Ford Estate-Fair Lane open to the public. Page 23. Capitol Briefings: Senate Bill 1242 would eliminate the MBT surcharge in Labor’s hero Richard 2011. Page 33. These organizations appear in this week’s Crain’s Detroit Business:

American Axle ...... 3 Anderson Economic Group L.L.C. . . 22 Borders Group Inc...... 1 Dauch falls from grace Detroit Medical Center ...... 11 Eastside Gynecology Obstetrics . . . 15 Fifth Third Bancorp ...... 6 weeks into the strike, Dauch went vacation- Great Lakes Cancer Institute . . . . . 12 American Axle ing in Florida while workers in Detroit and Harper University Hospital ...... 11 Henry Ford Estate-Fair Lane ...... 23 Buffalo, N.Y., picketed in the snow. Henry Ford Medical Group ...... 11 In a speech last week, UAW President Ron Henry Ford Health System ...... 11 CEO gets tough Gettelfinger also criticized the more than Honigman Miller ...... 3 $257 million in total compensation that KeyCorp ...... 6 Dauch has drawn from American Axle since Manistee National Golf & Resort . . 19 with strikers, 1998. Market Strategies International . . . 14 WAYNE PICKVET Mercury Coffee Bar ...... 24 He earned $10.2 million in 2007 alone, Get- Michigan Economic Growth Auth. . . . 1 demands cutbacks telfinger said, while preparing to ask Ameri- Michigan Health & can Axle’s rank and file to accept a contract Hospital Association ...... 14 that would slash their wages and benefits in Michigan Horsemen’s Benevolence BY DAVID BARKHOLZ half. & Protective Association ...... 31 Will jets AND ROBERT SHEREFKIN Dauch, in interviews with Detroit newspa- Michigan Institute of Urology . . . . . 13 CRAIN NEWS SERVICE per columnists, has raised the specter of Michigan State Housing and Development Authority ...... 1 Those who know Richard E. Dauch aren’t moving jobs to Mexico if American Axle MinuteClinic ...... 14 surprised that the CEO of American Axle & can’t get wages in line with its competitors. Mr. Pita ...... 24 Manufacturing Holdings At rival Dana Holding Corp., the UAW agreed National City Corp...... 6 rile horses? Inc. has dug in his heels to lower its members’ Oakland Family Services ...... 14 Oakland Hills Country Club ...... 21 against striking UAW wages to an average of $14 an hour under the Osprey Management Co...... 19 workers. Papa Romano’s Enterprises Inc. . . . 24 auspices of bankruptcy ‘Neigh,’ says racetrack builder; Dauch has put aside Pinnacle Race Course ...... 3 his reflexive empathy for protection. Priority Health ...... 11 labor to demand wage That is half what Somanetics Corp...... 4 work near Metro forges ahead and benefit concessions American Axle was Stanford L.L.C...... 24 Stucchi’s ...... 24 that he believes are criti- paying its UAW-represented workers before TechTeam Global Inc...... 4 BY BILL SHEA cal to the future of the United Auto Workers ...... 3 CRAIN’S DETROIT BUSINESS company, says longtime they went on strike. University of Michigan ...... 1 friend David Cole. American Axle also Vattikuti Urology Institute ...... 11 Roaring jetliners and jittery thoroughbreds apparently “I know he didn’t want has advertised for new Venture Investors ...... 19 can coexist, and the unlikely mixture is the tonic some be- Wasabi ...... 24 to do this, but he felt he workers. The supplier lieve will revive Michigan’s flagging horse-racing indus- Wayne County Board had no other option to says it wants to begin try. screening candidates to of Commissioners ...... 31 try and get his labor Wayne State University Ground was ceremonially broken Friday on Pinnacle replace employees who costs competitive with School of Medicine ...... 12 Race Course, the $142 million thoroughbred track being take buyouts. But to the market,” says Cole, William Beaumont Hospital ...... 12 built on 320 acres at the corner of Pennsylvania and Vin- strikers, the ads Willow Tree Riding Stables ...... 3 chairman of the Center ing roads in Huron Township. Racing is scheduled to be- screamed “Scabs.” for Automotive Research in gin July 18, although its owner said the project is two Dauch is accustomed Ann Arbor. weeks behind schedule. to more favorable pub- Dauch’s hard-line ne- The track is a mile from Detroit Metropolitan Airport licity. The former Pur- gotiating stance has de- and directly in the approach of runway 3-Right. Jets land- due University football stroyed his longtime rep- ing on 3-Right pass about 600 feet above the track site, said player has been viewed utation as a friend of the Michael Conway, director of public affairs for Metro. for the better part of 15 worker. Today he is Depending on wind conditions, up to 46 jets per hour years as a revered elder widely seen as anti- could approach the runway over the track, Conway said. statesman of the auto BANKRUPTCIES ...... 29 union in a region where When jets are overhead, they’re loud. Two Crain’s De- industry. CALENDAR ...... 27 union loyalties run deep. troit Business reporters about five feet apart were unable In 1994, he and for- Dauch’s reputation CAPITOL BRIEFINGS . . . . . 33 to hear each other when a Northwest Airlines Corp. jet mer Chevrolet executive has taken a beating since GLENN TRIEST CLASSIFIED ADS...... 24 came over the site one day last month. James McLernon took 3,650 members of the Unit- Richard E. Dauch’s reputation among labor KEITH CRAIN ...... 8 The noise, however, isn’t expected to be an issue. Those five of GM’s cast-off, ed Auto Workers struck started to tarnish after he went on vacation LETTERS ...... 8 familiar with racehorses believe the animals quickly get while workers walked the picket lines. money-losing axle oper- five American Axle OPINION ...... 8 used to the roar of jet engines overhead. ations and built Ameri- plants Feb. 26. The strike OTHER VOICES ...... 9 “We can drive by a horse with a John Deere tractor and can Axle into a successful driveline maker. has stopped or hamstrung production at 30 PEOPLE ...... 28 it doesn’t bother ’em. They get used to regular noise,” said It posted 2007 net earnings of $37 million on factories of American Axle’s dominant cus- RUMBLINGS...... 34 Pinnacle’s primary investor, Jerry Campbell, the retired sales of $3.25 billion. tomer, General Motors Corp. WEEK IN REVIEW ...... 34 See Track, Page 31 Some of the damage was self-inflicted. Two See Dauch, Page 31 DETROIT BUSINESS MAIN 04-07-08 A 4 CDB 4/4/2008 5:33 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS April 7, 2008 TAKING STOCK NEWS ABOUT DETROIT AREA PUBLIC COMPANIES 4HE-ICHIGAN#OMMERCIAL2EAL%STATE#ONFERENCE Somanetics to buy back up to WWW3YNERGY-ICHIGANCOM $15 million of common shares

BY TOM HENDERSON for the first quarter of 2007. in the first quarter, tailored for the -534!44%.$ EVENTOFTHEYEAR CRAIN’S DETROIT BUSINESS The company also lowered its fi- smaller heads of children in pedi- \ \ nancial guidance for the current atric and neonatal units. !PRIL 4HE"RESLIN!RENA %AST,ANSING Troy-based Somanetics Corp. \ fiscal year, saying revenue could “Eight hospitals are currently #ONTINUING%DUCATION#REDITS ,EADING%DGE)NDUSTRY3PEAKERS (Nasdaq: SMTS), whose share slip to $46.2 million from a previ- using the new cerebral and somat- &ORALLCOMMERCIALREALESTATEPROFESSIONALSANDRELATEDINDUSTRIES price was battered after a disap- ously announced total of $50 mil- ic sensors, and we plan to expand %XCLUSIVE3PONSORSHIPSANDDISPLAYBOOTHSAVAILABLE pointing earnings release on lion. It said income before taxes usage to a total March 18, said in a filing with the would range between $15.3 million of 15 to 20 hospi- Securities and Exchange Commission and $17.5 million, down from the tals in the sec- Thursday that it plans to buy back previous estimate of $17 million to ond quarter,” up to $15 million worth of its com- $18 million. said company mon shares. The company said revenue for President and The stock traded at its yearly the first quarter and projections for CEO Bruce Bar- high of $28.26 on Feb. 26. It closed the rest of the year were down be- rett in the earn- March 17 at $17.96, then opened the cause of disappointing U.S. sales of ings release. next day after its earnings release one of its monitoring systems. “We are plan- at $12.74. Revenue also was affected in the Barrett ning to continue The stock closed on March 18 at first quarter by sharply higher op- to broaden the launch activity, in- $13.20, on a volume of 3.2 million erating expenses. Selling, general cluding securing additional data, shares, about 15 times as many and administrative costs were up as the year progresses.” shares as traded on March 17. from $5.4 million to $6.9 million, The company hopes to spread the Since then it has rallied, closing quarter over quarter. Research, de- word on the smaller devices with Friday at $16.25. The company said velopment and engineering costs plans to attend six medical confer- it would make the stock purchases were up from $113,366 to $330,436. ences in the second quarter. is pleased to announce the appointment of “from time to time in the open mar- The company said it began ship- Tom Henderson: (313) 446-0337, ket or in privately negotiated trans- ping a new, smaller sensor device [email protected] actions. The prices, timing and amount of, and purposes for, any purchases will be determined by the company’s executive officers.” The company had 13.6 million TechTeam Global gets new contract, will bid on another shares of common stock outstand- As exclusive listing agent for ing as of Wednesday. TechTeam Global Inc. last week TechTeam Government Solutions, was Somanetics makes and markets announced a new contract and a one of eight vendors chosen to bid noninvasive devices for monitor- new business opportunity. on a federal government contract ing blood oxygen levels in the The Southfield-based staffing awarded through the General Ad- brain and elsewhere in the body company’s European subsidiary, ministration Services’ Office of Citizen during surgery. TechTeam Global nv/sa, said it had Services and Communication and Surgeons, anesthesiologists and (formerly North Troy Corporate Center) been selected by Sanofi-aventis Re- worth up to $2.5 billion over the nurses are warned of oxygen im- search & Development to provide next 10 years as that business balances so they can take correc- help desk and site services to the comes up for bid. 8 Office Buildings O 1,207,596 Square Feet tive action before the imbalances company’s clinical trial investiga- TechTeam’s stock rose 53 cents affect the patient. Full Floors From 27,000 Square Feet Available tors in 50 countries. It did not dis- to $9.17 last Monday on news of the In its earnings report for the close the value of the contract. new global contract before settling Entire 250,000 Square Foot Building Available first quarter that ended Feb. 29, The company also announced around $9 late last week. the company reported net income that its Virginia-based subsidiary, — Sherri Begin Please contact: of $1 million or 7 cents a share on Mark Collins 248.351.2021 revenue of $8.7 million, compared with net income of $1.7 million or Renée De Spelder 248.936.6819 12 cents on revenue of $8 million Keith Johnson 248.351.2076 STREET TALK www.cbre.com/detroit THIS WEEK’S STOCK TOTALS: 47 GAINERS,$ 17 LOSERS, 10 UNCHANGED

CDB’S TOP PERFORMERS 4/4 3/28 PERCENT Redefining Baluster Park as a Destination Not an Address NWA raising charges, CLOSE CLOSE CHANGE 1. Ford Motor Co. $6.49 $5.59 16.10 2. Champion Enterprises Inc. 10.93 9.47 15.42 www.emmesco.com | 5750 New King St., Troy, MI 48098 cutting service 3. Asset Acceptance Capital Corp. 10.98 9.72 12.96 Northwest Airlines Corp. (Nasdaq: 4. Pulte Homes Inc. 15.81 14.04 12.61 NWA) says it is raising fuel sur- 5. Valassis Communications Inc. 12.04 10.76 11.90 charges for flights from Japan to 6. PSB Group Inc. 6.75 6.05 11.57 North America by $20 each way, to 7. Energy Conversion Devices Inc. 33.24 29.81 11.51 $160. 8. General Motors Corp. 20.58 18.67 10.23 Michigan’s largest passenger air 9. Clarkston Financial Corp. 7.40 6.75 9.63 carrier also says it will reduce do- 10. Community Central Bank Corp. 6.55 5.98 9.53 mestic flying by 5 percent because CDB’S LOW PERFORMERS 4/4 3/28 PERCENT of the rising price of jet fuel. CLOSE CLOSE CHANGE CEO Doug Steenland says 1. Oxford Bank Corp. $27.50 $29.75 -7.56 there’s no reason to think the price 2. Saga Communications Inc. 5.71 6.08 -6.09 of oil will decline anytime soon. 3. Federal Screw Works 7.60 8.00 -5.00 Northwest and other carriers 4. Dearborn Bancorp Inc. 7.50 7.66 -2.09 have tried to raise domestic fares, 5. First Mercury Financial Corp. 17.11 17.22 -0.64 but most of those were rolled back 6. TechTeam Global Inc. 8.95 8.98 -0.33 after some carriers didn’t match 7. Credit Acceptance Corp. 16.20 16.23 -0.19 them. 8. Agree Realty Corp. 28.59 28.51 0.28 Northwest says it is freezing hir- 9. Amerigon Inc. 14.60 14.49 0.76 ing for pilots and flight attendants. 10. North Pointe Holdings Corp. 15.97 15.82 0.95 It says it may lose some positions through attrition but that it won’t Source: Bloomberg News. From a list of publicly owned companies with headquarters in Wayne, Oakland, Macomb, Washtenaw or Livingston counties. Note: Stocks trading be asking workers to take pay cuts. at less than $5 are not included. — Associated Press DBpageAD.qxd 3/28/2008 3:05 PM Page 1

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Page 6 CRAIN’S DETROIT BUSINESS April 7, 2008 Muddy portfolio raises a question: Just what is National City worth?

BY JAY MILLER priate price to pay for its stock. search firm, said most banks still include the company’s sale. low the $60 a share Bear Stearns CRAIN NEWS SERVICE Last week, Kathleen Shanley, have too much damage control to Yet despite the onslaught of was fetching just days before the who follows banks and their debt do in their own home-loan portfo- merger speculation, National JPMorgan deal was announced, Don’t shred those checks with at Gimme Credit, which provides lios to tackle someone else’s unre- City’s shares at midday Friday and it is a pittance compared to its the National City Bank logo just yet. corporate bond research to institu- solved problems. were trading below its March 31 52-week high of $159.36. While unconfirmed news re- tional investors, called National Until they better understand closing price of $9.95. Niswander said he believes it ports last week identified KeyCorp City “the poster child for the prob- how deep the mortgage crisis will It’s likely that investors have would be wise for suitors to wait to and Fifth Third Bancorp of Cincin- lems facing regional banks” in a re- be, Niswander said, potential buy- been chastened by the fire-sale see if National City reports more nati as among its potential merger port to clients. Shanley said Na- ers will think twice before taking deal JPMorgan Chase & Co. cut last bad news on April 22, when it is partners, National City Corp. (NYSE: tional City still holds $6 billion in on a bank with loan problems as month to buy troubled investment scheduled to announce its first- NCC) may not vanish overnight. nonprime real estate loans, $4.5 bil- severe as National City’s. banking firm Bear Stearns Cos. JP- quarter results. The broad meltdown in its hous- lion in construction loans to resi- The reports that Key and Fifth Morgan announced March 16 that In the Jan. 22 release of its re- ing-related loans may be too dential developers and $11.2 billion Third each are pondering a deal it had agreed to pay $2 a share in sults for 2007, National City report- molten for any suitor to grab hold in higher-risk home-equity loans. for National City followed the an- stock for Bear Stearns, though it ed that its nonperforming loans of the beset banker quickly, with Similarly, Kris Niswander, a nouncement last Tuesday that Na- upped that price to about $10 a had more than doubled, to $1.5 bil- its troubles complicating the bank analyst at SNL Financial, a tional City’s board is reviewing share a week later. lion as of Dec. 31, 2007, from $732 process of determining an appro- Charlottesville, Va., business-re- “strategic alternatives” thought to Still, even that price is well be- million a year ago. In addition, it raised its provision for future loan losses to $1.8 billion from $1.1 billion a year earlier. Niswander and Shanley said Na- tional City is a particularly hot potato, at least in the short term, because of the large percentage of its loans that are in Ohio, Michi- gan, Florida and California — states where the housing markets remain precarious. Stanley reported that 30 percent of the bank’s high-risk home equity loans are in California alone. As of June 30, 2007, National City had the second most bank branches in Michigan with 271, trailing the 291 of JPMorgan Chase, according to the Federal Deposit In- surance Corp. Statewide, it was No. 5 in deposit market share, with $11.1 billion and a share of 7.2 percent. LaSalle Bank Midwest N.A., soon to be re- named Bank of America, was No. 1 with $23.3 billion and 15.1 percent. In the five-county area of South- east Michigan, National City was No. 4 in market share with $6.4 billion and a share of 7 percent. Com- erica Bank was No. 1 with $21.1 billion, a share of 23.2 percent. Analysts tossed around the names of several would-be buyers besides KeyCorp and Fifth Third that might be waiting for the condition of National City’s loan portfolio to become clearer. Listen. Among them are BMO Financial Group, which is the parent of Bank of Montreal, and Wells Fargo & Co. of San Francisco. A merger right now with Fifth Third could put that bank in an awkward position. It already is in Huntington listens to you for a very simple reason. We’ve found that it’s the best way to make the midst of one merger, with First sure we understand what you want to do. No assumptions. No cookie-cutter products. Just Charter Corp., based in Charlotte, N.C. An offer for National City better business banking. could jeopardize that deal. Fifth Third also is on record as saying market conditions make Stop by your local banking office today. We’re looking forward to hearing about your business. now a bad time to be in the merger market — at least as a seller. In opposing a shareholder pro- 2007 posal to sell the bank, Fifth Third management writes in its proxy statement for its April 15 annual meeting that, “Current general conditions within the banking industry, with very little merger and acquisition activity and with many potential acquirers of banks EXCELLENT on the sidelines, further limits the Overall Customer Satisfaction value that could be realized by the adoption of such a proposal.” A bank invested in people.® But in the end, as the closeout- sale price JPMorgan Chase paid for Bear Stearns illustrates, every- huntington.com/businessbanking 1-800-976-1345 thing is for sale at the right price, Niswander observed. The only question is whether anyone knows what the right price Greenwich Associates is a leading worldwide strategic consulting and research firm specializing in financial services. Excellence award selection was based upon the results of the 2007 Business Banking Study conducted by Greenwich Associates. Banks selected for an award had to have a significantly different percentage of “excellent” ratings than the mean for all banks at a 95% confidence level. is for National City. Member FDIC. ,® Huntington® and A bank invested in people® are federally registered service marks of Huntington Bancshares Incorporated. ©2008 Huntington Bancshares Incorporated. From Crain’s Cleveland Business DBpageAD.qxd 3/10/200812:15PMPage1

© 2008 United Parcel Service of America, Inc. UPS, the UPS Brandmark and the color brown are trademarks of United Parcel Service of America, Inc. All rights reserved. Avery, Marks-A-Lot, the Crown Cap Design, and all other Avery brands are trademarks of, and used here under license from, Avery Dennison Corporation. DETROIT BUSINESS MAIN 04-07-08 A 8 CDB 4/4/2008 5:09 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS April 7, 2008 OPINION Economic stimulus plan needs scrutiny

ast week, Mayor Kilpatrick presented a complicated, $300 million economic stimulus package to Detroit City L Council and asked council members to “put politics aside” and approve it by the end of this week. The package deserves much more scrutiny than that. Before the council agrees to more debt, this question must be answered: What is the true financial status of the city? State-mandated audits have been late. The city’s current fiscal year budget is in the red and a deal that would help balance the books — a long-term lease of the city’s half of the De- troit-Windsor tunnel — has not closed. And the reason the mayor’s package is complicated is simple: Legally, the city can’t borrow another dime because it has reached its debt limit, in part because of a bunch of one-time budget fixes involving borrowing over the past five years. So under the mayor’s plan, the Detroit Economic Growth Corp. would sell at least $300 million worth of bonds that would be used for projects unrelated to the DEGC’s core mission. LETTERS The mayor says it’s a great deal because there are no payments for three years (as though we’re buying new living- room furniture), but the cost of no payments is certainly rolled into this. And the plan anticipates higher gross revenue for Airport answers are needed the city’s three casinos that could be used to pay off the bonds. Editor: sion will harm public safety. Certainly there’s no guarantee of that, either. Congress may Crain’s Detroit Business Your editorial on the proposed The Airport Authority has not welcomes letters to the editor. have voted against two new Indian casinos in Port Huron and expansion of Detroit Metro Air- provided any information. It has Romulus this year, but is there a guarantee of no new competi- All letters will be considered for port ignores several important publication, provided they are repeatedly ignored our questions, tion? factors. (“Expansion will help air- signed and do not defame it slipped in last-minute changes The mayor’s desire to rush approval of this package should port and region,” March 17.) individuals or organizations. just three days before the Airport This expansion, if approved, Authority board met on March 20 be resisted. Letters may be edited for length will have a devastating impact on and clarity. to vote on the proposed plan, and That pressure to act may in fact come from a desire to show Romulus and nearby communi- Write: Editor, Crain’s Detroit its consultants delivered a presen- that the city is proceeding with “business as usual,” despite ties. Furthermore, the Airport Au- Business, 1155 Gratiot Ave., tation that included information it the mayor’s criminal indictments. thority has refused to answer our Detroit, MI 48207-2997. has never shared with us. But can the city really operate on a “business as usual” ba- questions and provide the infor- E-mail: [email protected] We have long supported the air- mation necessary when making port, viewing it as an asset and a sis? Is this stimulus plan really the best plan or is it the fastest decisions on a project this size and true partner in our community. lose 16 percent of our population way to make things look “business as usual?” with such far-reaching impact. We appreciate the positive role it and $114 million in assessed value Contract negotiations begin soon with city employee The airport’s lack of openness has played to bring opportunities, if the plan is approved. unions. How will those talks be affected by the shadow over has united many communities business and jobs to the region, What is clear is that this plan the mayor? across Southeast Michigan that and we remain willing to work are calling for more information will harm our community. What is constructively with the airport to The big question for City Council and the business commu- regarding the expansion plan to not clear is whether or not a fifth understand its latest proposal. nity remains: Is the city — and the region — better served by a make informed decisions. parallel runway is needed, and Unfortunately, the airport has damaged CEO who is also embroiled by his criminal defense, Detroit Metro’s expansion in- whether or not it will benefit the been less than forthcoming. It has or by an interim leader such as Council President Ken Cockrel cludes a new fifth parallel runway region economically. We also stalled, sidestepped and shifted that will force 3,500 residents from question how other busier air- the goalposts at every turn. Jr. and the potential for political uncertainty of who may fol- their homes, close 50 businesses ports with three or four parallel The Airport Authority board low? and may shut down two elemen- runways can operate successfully. has wisely postponed any decision We like the latter option. tary schools. Our community will We question whether the expan- See Letters, Page 9

KEITH CRAIN: We may finally find the silver lining Only in Detroit can we be state will try. If you stop for making a movie. In fact, although it’s a tough first time in decades, it is much watching the Detroit Tigers play and think about it, there The attraction of time to be an overseas tourist more attractive to export. And if baseball while we’re rooting for are few, if any, states in Toronto for filmmakers from Michigan, there are a lot of you made your investment years the Pistons in their playoff match- this country that have as may be less now, one great opportunities for Michigan ago, you’ll be reaping the benefits es as well as getting to see the Red many potential sites for small benefit of a weaker companies for export now that we of a weaker dollar when you ship Wings challenge for another Stan- just about any movie you dollar. The dollar used to have a much weaker dollar com- back those profits to the U.S. ley Cup. Three major league teams might want to make. be much stronger against pared to the euro or the yen. That’s one of the reasons why all playing at the same time. It really would be the Canadian dollar. All Americans haven’t been much GM and Ford are doing so well on What’s next? The Detroit Lions nice if more people real- of a sudden, it’s getting for exporting since there always their international activities. seeking exhibition games in May? ized just what a rich more expensive to do has been a huge market in the U.S. For every cloud there is a silver All we have to do this spring is state Michigan is when business in Canada. That and the dollar was too strong lining somewhere. It’s not always hope for the Tigers to get out of it comes to all sorts of certainly gives us an op- against foreign currencies. easy to find, but it’s usually there. their slow start. different landscapes. A portunity to try and at- Well, that’s not the case any- Who knows, we might start to Now it looks like we’re going to producer or director could find tract a lot of Hollywood into some- more. Although it’s a lot more ex- see a lot of Hollywood stars in become Tinseltown. Or at least our just about any sort of background where in Michigan. pensive to invest overseas, for the Michigan. DETROIT BUSINESS MAIN 04-07-08 A 9 CDB 4/4/2008 9:58 AM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 9 OTHER VOICES: Let the hoops hype and hope begin

In one year, $75 million region, I don’t understand Sunday” in March, TV announcers Dearborn, Mt. Clemens, Pontiac or mascots of the four schools. This and the most passionate why our hosting of the will refer to the entire college bas- downtown, they considered them- presents a one-of-a-kind PR oppor- sports fans in America will second most significant ketball season as “The Road to De- selves “in Detroit.” How refreshing tunity for our region. We have a pour into Detroit. neutral-site sports cham- troit.” We, in this region, fans and it was to see municipal and county chance to make a positive impres- But, unlike before Su- pionship event in Ameri- nonfans alike, need to start putting lines torn down in the name of re- sion on attendees from literally per Bowl XL — when the ca is not more talked our Final Four road map together. gionalism. With the Final Four one across the country to take home questions ranged from about in our community. During the Super Bowl we band- year away, it is time to recapture with them and remember, forever, “Will Detroit be ready?” to As was the case with the ed together to put our local issues the spirit of collaboration. about their Final Four experiences. “Where will all of those Super Bowl, hosting the Fi- aside and create a unified and Research prepared for the most One year from now, the “brack- people stay?” — nobody nal Four transcends friendly face for our visitors. Now, recent Super Bowl in Phoenix et” pool sheet in every office in the seems to be talking about Matt Friedman sports. It should become we should start planning life after shows that 65 percent of an average country will have Detroit at its cen- the 2009 NCAA Men’s Basketball another opportunity to positively the mayoral scandal and how to Super Bowl crowd consists of “com- ter. Starting now, for the benefit of Championship — the Final Four. showcase our region to the rest of host the world’s largest college pany decision-makers.” But, the Fi- our region, the Final Four should I am counting the days until one the nation, and beyond. Now, with party despite economic doldrums. nal Four audience is much more di- be the center of our attention. of my sports fantasies comes true a year to go, it’s time for us to start One thing I heard consistently verse. Sure, there are corporate Matt Friedman is co-founder of — a Final Four in my hometown. getting on our game. during Super Bowl XL week, from types, but there will also be many Tanner Friedman, a strategic com- As a local businessperson who From the first tip-off before fans and journalists from across “regular” fans plus alumni, stu- munications and public-relations cheers anything that benefits our Thanksgiving until “Selection the country, was that whether in dents, bands, cheerleaders and firm in Farmington Hills.

LETTERS CONTINUED ■ From Page 8 on the master plan. We applaud the board’s decision. We look forward to working with the airport in full openness so we can build an expansion plan that will help the airport meet its goals without devastating our community. All we ask for are answers to our questions. Alan Lambert Mayor of Romulus In Kilpatrick’s shoes Editor: Speeches given by great orators such as Dr. Martin Luther King and Malcolm X occasionally con- tained the “n-word” to describe to their audience words used by others to attack them. The word cuts deep into the psyche of America. I believe Mayor Kilpatrick wanted his audience to feel what he was experiencing and remind people that there are degenerates in our society who still resort to coward- ly threatening people via tele- phone. (“After the speech, what’s next?” March 17). Mark Tucker Ecorse Skilled local help here Editor: I’d like to second the motion that Steve Auger states in his March 17 letter to the editor, “Spend money at home,” and take it a step further by reminding everyone that, in addition to the spending the Univer- sity of Michigan has going to out- of-state firms, particularly on the very large stadium renovation they’ve recently undertaken, poor planning left the university facing a lawsuit regarding barrier-free design at the stadium. The university will end up spending millions of dollars more to bring the stadium to code and comply with ADA regulations. All the while, they ignore local sports experts like us who have effectively incorporated barrier-free seating in a multitude of sporting venues, from the U.S. National Tennis Center in New York to The Palace of Auburn Hills and Ford Field here in Detroit. It’s disappointing that the skilled architectural firms right in their economically troubled backyard are constantly overlooked. Leslie Broughton Genest Marketing manager Rossetti Southfield DBpageAD.qxd 3/17/2008 12:58 PM Page 1

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April 7, 2008 CRAIN’S DETROIT BUSINESS Page 11

REPORTER’S NOTEBOOK Two practice groups on the grow Michigan Institute of Urology adds Jay Greene writes about new procedures, innovations, health care, Page 13. insurance and the environment. Call Roseville ob-gyn grows with patient (313) 446-0325 focus, diverse services, Page 15. or write jgreene @crain.com health care Jay Greene Hospitals post videos on Web Social networking Web sites have made famous the Obama Girl Vital differences and Chris Crocker — the androgynous individual who openly cried in a video over the woes of Britney Spears. Thousands of people also visit the sites — which include YouTube, MySpace and Facebook — to view replays of Super Bowl When it commercials, clips of television shows or humorous home movies. But now, with serious medical comes to institutions such as the Detroit Medical Center and Henry Ford Health System beginning to post videos on such sites as MySpace treating and YouTube, the blurring of entertainment, education and marketing is well under way. chronic health DMC has some 40 videos on YouTube, ranging from information on sinus surgery to cell-freezing conditions, treatment for prostate cancer, said Diana Marx Prosi, DMC’s vice president of marketing and men and business development. Henry Ford recently posted a Web site on MySpace devoted to women need the medical story of Kirk, 50, of Rochester, who was diagnosed in 1994 with a brain tumor called the right Rx. anaplastic astrocytoma. After four brain surgeries, six weeks of radiation and a year of chemotherapy at the Hermelin Brain Tumor Center at Henry Ford Hospital, Kirk is now tumor-free. Visit Kirk at www.myspace.com/kirksstory. DMC’s foray into social networking Web sites started in late 2005 when it hired veteran television anchor Emery King. In May 2006, the smooth-talking King first produced the videos for the BY JAY GREENE beled men’s health, Ford also created in past 20 years there’s been a steady shift in hospital’s own Web site CRAIN’S DETROIT BUSINESS 2001 the Vattikuti Urology Institute that of- specialization by psychiatrists as well. (www.dmc.org/videolibrary). fers men advanced prostate care services. “You could call it sub-specialization, but By early 2007, Prosi said, DMC en and women are different. Moreover, insurers like Priority Health, it is more so for women than men,” he said. decided to post the videos on For that simple reason, some Farmington Hills, are increasingly pay- “We have a large number of female psychi- YouTube, Comcast and icyou.com. M physicians in specialties such as ing doctors to provide more preventive atrists who are interested in behavioral The viewership numbers surprised cardiology, neurology, psychiatry, urolo- care services related health. There is also a growing Prosi. gy and family practice have be- awareness of men’s issues.” “We are getting 800 hits per come more focused on gender week on Comcast,” Prosi said. differences. Medical videos on DMC’s Web site It is translating into the way After age 65, On the pulse of research alone, however, get up to 7,500 “ they apply new research find- viewer hits per week, she said. women die at a 20 There are important physi- ings to patient care or market The videos also have paid off in ological differences when it increased business. “We have seen their expertise. percent greater rate comes to chronic conditions, an increase in Web appointments Aside from their obvious re- including deadly heart and with our doctors,” she said. In productive system differences, than men for stroke risk. While men are 2007, 4,000 Web appointments men and women contract cer- more likely to have a stroke, were made with DMC doctors tain chronic diseases at differ- ischemic stroke women die more frequently, through the Internet. ent rates and also present dif- especially those age 45 to 54 “At first, YouTube was for ferent symptoms for diseases (blood clots). and above age 65, said Dr. younger people, but we are seeing such as heart disease and Randall Benson, a neurolo- more mainstream use now,” Prosi stroke. Nobody knows the gist with Harper University Hos- said. They also die at different fre- pital in Detroit. In 2004, 91,274 Henry Ford also plans to expand quencies from stroke, heart answer to that. women in the U.S. died of its marketing into the social disease, suicide, car accidents ” stroke compared with 58,800 networking sites through similar and Alzheimer’s disease. Dr. Randall Benson, men, said the Centers for Dis- videos on a variety of medical As new research expands Harper University Hospital ease Control and Prevention. issues, said Jim Termarsch, medicine’s understanding of “After age 65, women die creative director of Daniel Brain & JOHN F. MARTIN the differences in clinical out- Associates, the system’s public at a 20 percent greater rate relations firm. comes, Detroit-area physician groups and to the special health needs of men and than men for ischemic stroke (blood “Our plan is to see how this goes hospitals are taking notice. women. The desire is to avoid more costly clots),” Benson said. “Nobody knows the and how people react to it,” For example, Henry Ford Medical Group in chronic care cases. answer to that, but it probably has to do Termarsch said. “We think it has Detroit offers a variety of women’s health Dr. C. Edward Coffey, professor and with the drop in estrogen.” promise.” services that include genetics along with chairman of psychiatry at Henry Ford gynecology and obstetrics. While not la- Health System in Detroit, said that over the See Differences, Page 12 DETROIT BUSINESS MAIN 04-07-08 A 12 CDB 4/4/2008 9:56 AM Page 1

Page 12 CRAIN’S DETROIT BUSINESS April 7, 2008

FOCUS:HEALTH CARE Differences: Men and women need the right prescription ■ From Page 11 More disturbing, however, is a 2007 study and 40s are coming to primary care doctors was an increase in lung cancer in women Changing women’s care in the journal Neurology that showed with and cardiologists with early symptoms of until about 10 years ago, Demers said. hemorrhagic strokes — when a blood vessel heart disease, symptoms that sometimes go “Fewer women are smoking now than they Dr. Mark Dykowski, an obstetrician and bursts in the brain — women ages 45 to 54 undetected. were 20 years ago, and that has helped re- gynecologist at William Beaumont Hospital, said are dying at twice the rate of men, Benson Physicians have been trained to look for duce cancer deaths,” he said. one of the more revolutionary treatments said. And largely attributable to living an traditional male symptoms such as sharp But lung cancer remains the No. 1 can- available to any field has been the HPV vac- average five years longer but also possibly pains in the middle chest or a soreness ra- cer killer for both men and women. No. 2 cine, which is now available to girls and related to genetic differences, women are diating from the left side of the chest to the for women is still breast cancer, and No. 2 women ages 9 through 26. more likely to die from Alzheimer’s disease arm, Carrillo said. for men is still prostate cancer. “It is the first time we than men. Some 46,991 women in the U.S. “Women can have a heaviness in the Breast cancer kills 40,000 women each have a vaccine that can died of Alzheimer’s in 2004 compared with chest. It’s not excrutiating pain, but a year, while prostate cancer kills 37,000 prevent a cancer,” he 18,979 men, the CDC said. shortness of breath that could be fatigue, men annually. While those numbers are said. “The problem is the “Alzheimer’s hits about age 65 when peo- nausea or malaise, a discomfort of the dropping, men have a one in six chance of human papillomavirus is ple have a 3 percent risk of getting it, and shoulder blades, sometimes in the jaw or contracting prostate cancer, and women a sexually transmitted every five years it geometrically increases arm,” Carrillo said. have a one in eight chance of getting breast disease” that carries a to 6 percent at age 70, 12 percent at age 75 and Now, he said, physicians are paying cancer, said the American Cancer Society. The stigma. so on,” Benson said. “It is inevitable you will more attention to these different symp- third-leading cause of cancer death for men And at $150 per dose and get it unless you die of something else first.” toms in women and that is helping to im- and women is colorectal cancer. Dykowski with three required doses, prove care of early heart disease. the vaccine is expensive. Different heart symptoms for the sexes Said Kim Suarez, vice president of med- By the end of the year, Dykowski said, the Better custom treatment options FDA may allow the vaccine to be given to fe- There is an unprecedented increase in ical operations, Priority Health: “There are males ages 9-45 and even males 9 to 26. deaths from heart disease in women ages 35 to unique things we can do from a research The major reason for the decline in can- Another trend is offering contraceptives 44, said Dr. Antonio Carril- and care model perspective to support pri- cer is the huge increase in preventive to women for reasons other than birth con- lo, an associate professor mary care and preventive services.” screenings, Demers said. and interim chief of cardi- For treatment, the type of cancer deter- trol, he said. For example, it can help treat ology at Wayne State Univer- Cancer rates decline mines whether surgery, radiation or effects of menopause like hot flashes, mood sity School of Medicine in chemotherapy makes sense, Demers said. swings and night sweats. Detroit. It is due to factors Cancer rates for men and women have de- “The biggest trend is toward targeted But Dykowski, also a master herbalist, like increased sedentary clined 22 percent during the past two agents,” he said. “Instead of traditional said he sometimes suggests alternative med- lifestyles, obesity and decades, but cancers in men have declined chemotherapy, where you are given a drug icine like Black cohash and femarelle, a smoking habits. Carrillo more quickly than women in recent years, to kill all the cells, newer therapies are tar- combination of soy and flaxseed. said. “Before menopause, said Dr. Ray Demers, president and CEO of geting the molecules to have a specific effect “Women come in because they are the incidence of heart dis- Great Lakes Cancer Institute in Flint. Great on the cancer.” healthy and want to stay that way,” Dykow- Carrillo ease was low, probably due Lakes is owned by McLaren Health Care. Demers said identifying genes that may ski said. “Prevention is natural to them.” to the protective effect of estrogen.” There has been a decrease in lung and predispose specific cancer risk is 10 years Jay Greene: (313) 446-0325; But now, Carrillo said women in their 30s prostate cancer deaths in men, but there away. [email protected]

AND THE DIFFERENCE BETWEEN MY PRACTICE FLYING OR FLOPPING. While other banks just kept saying, “We’re great at cash management,” my Citizens banker took the time to explain exactly what cash management was. Now, I know I do need it. I also needed a sweep account, remote deposit capture and so much more. DETROIT BUSINESS MAIN 04-07-08 A 13 CDB 4/4/2008 9:55 AM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 13

FOCUS:HEALTH CARE Michigan Institute of Urology grows in expertise, services

BY JAY GREENE continued growth by adding doc- our group, but it also cuts down on nary system, such as urinary tract every year after age 40. CRAIN’S DETROIT BUSINESS tors and offering new treatment health care costs because we can infections, incontinence, cystitis “People are much more aware of options. do it at a lesser rate than a hospi- (inflammation of the bladder) and their health in the past five to 15 Drs. Alphonse Santino and Bri- MIU’s 220 employees include tal,” Santino said. kidney stones. years,” Guz said. “They are better an Guz have 69 years of combined nurse practitioners, registered Having a larger practice also Urologists also specialize in the educated and use the Web to re- experience treating patients with nurses and medical assistants. The gives the group lower prices on treatment of disorders related to search articles. Some aren’t, urology concerns. group also has offices in Utica, such bulk purchases as medical the male reproductive system, in- though. We spend 10 minutes or an During that time, the practice Troy, Pontiac, Dearborn, Clark- and office supplies, he said. More- cluding infertility and impotence. hour with them.” has changed immensely from the ston, Commerce Township and over, while each physician is rated “Several years ago if men had early 1960s, when men didn’t have MIU’s urologists and others also two in West Bloomfield Township. individually, MIU saves money erection problems they didn’t talk conduct a variety of procedures, routine prostate In 2007, the institute’s revenue purchasing medical malpractice about it,” said Guz. “We used to say exams, to the ad- including prostate and kidney totaled $30 million compared with insurance as a large group. that it was 90 percent psychological cryosurgery, minimally invasive vent of minimal- about $28 million in 2006. “We “You need good quality doctors, and 10 percent medical. Now we ly invasive ro- treatments for prostate enlarge- have seen a steady increase as we low liability and few lawsuits, and know it is exactly the opposite.” ment and microwave thermothera- botic surgery have grown,” Santino said. if you have that you get a better Patients also now have proce- for prostate can- py to treat some prostate problems Last month, MIU announced it price,” he said. “Our annual rate is dures and tests available that can cer in 2001. with heat. would merge with three-physician about $15,000 per doctor.” be performed on an outpatient ba- “We have a new urethral sling “We used to Preferred Urology Associates, South- Dr. Mani Menon, director of the sis, which can save them time, procedure for mild to moderate in- see advanced field, in a noncash transaction. Vattikuti Urology Institute at Henry money and hassle, Santino said. continence that is available on an stages of Santino said most of the practice’s Ford Hospital in Detroit, said MIU “We have many new options for outpatient basis at a surgery cen- Santino prostate cancer. growth has come through recruit- has steadily grown over the years patients with urinary inconti- Since 1990, PSAs (prostate-specific ment, but he expects to add several and has a reputation for quality. nence problems, impotence and ter,” Guz said. “You used to be in antigen tests) and DREs (digital more groups over the next few “They are a very successful in- painful bladders,” said Guz, 48, the hospital for three days. Now rectal exams) have helped. We now years. dependent group and their physi- who has been practicing with San- you are done in the same day.” discover prostate and bladder can- “We don’t grow just to get larger,” cians provide high quality care,” tino since 1990. Earlier this year, the institute be- cer earlier,” said Santino, 73, said the former Army major who Menon said. “Several of the physi- Infections of the urinary tract gan participating in drug and de- founder, president and CEO of the served as a urologist and general cians at MIU were Henry Ford res- are very common, accounting for vice clinical trials for issues that in- Michigan Institute of Urology in the surgeon during the Vietnam War. idents.” 8.3 million doctor visits each year. clude overactive bladder, prostate group’s main office in St. Clair “We grow to add expertise or to add The institute’s 30 urologists are Although not as common in men, cancer and benign prostatic hyper- Shores. “We don’t have to do as ex- services to an uncovered area.” trained to evaluate, diagnose and one in five women will develop plasia (enlarged prostate gland). tensive surgery as 15 years ago.” The institute’s larger size allows treat a variety of medical issues, such an infection in her lifetime. “We can offer the latest innova- Founded in 1991, the Michigan it to offer a wide range of diagnos- including problems with the kid- “She should have a work-up to tions to our patients, and that is one Institute of Urology, a single spe- tic, laboratory and ancillary ser- neys, bladder, genitals, prostate find out why,” Santino said. “It reason they come here,” Guz said. cialty group with 30 physicians in vices that smaller groups can’t af- and testicles. could be a small tumor.” “If it works here, others will use it.” nine offices, is one of the nation’s ford, he said. For example, Guz and others For men, Guz recommends an Jay Greene: (313) 446-0325; largest urology groups. It plans “It is financially beneficial to treat common disorders of the uri- annual prostate screening exam [email protected] HEALTHY DIVIDENDS

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Page 14 CRAIN’S DETROIT BUSINESS April 7, 2008

FOCUS:HEALTH CARE Retail health clinics sprout in area; doctors feel threat, have concerns

BY MIKE SCOTT Some expect the number of clin- known, he said. SPECIAL TO CRAIN’S DETROIT BUSINESS ics to grow to 4,000 to 5,000 over the In adition, many medical con- next five years. cerns handled by a walk-in clinic Retail health clinics have made Retail clinics are being evaluat- can either be treated at home by their way into metro Detroit and ed by Michigan hospitals and the patient, such as the common are competing with doctors’ offices health care systems, said Peter cold, or should be something that for routine patient visits. Schonfeld, senior vice president of is handled by a physician, such as Clinics contend that the quality policy for the Michigan Health & vaccinations, Bush said. of care is high and that when a pa- Hospital Association in Lansing. The “Nurse practitioners play an im- tient requires urgent care or a vis- emergence of these clinics is part portant role in health care, but, in it to a physician’s office, the of a trend to improve access to general, they don’t have the skill process is seamless, said May care, but physicians are concerned or experience to (properly) diagno- Hang, manager of operations in about limited doctor supervision sis a patient.” metro Detroit on site. The MinuteClinic locations in for Minneapolis- “Getting routine care at a hospi- the Detroit region have three pri- based MinuteClin- tal can be an imposing task for mary care physicians who are ic, a wholly some patients, and in those cases available by phone to support owned sub- providing that care away from the practitioners and also are involved sidiary of CVS hospital setting can be beneficial in staff training, Hang said. Pharmacy. to all parties,” said Schonfeld. “Yet About 7 percent of Americans Doctors and (some consumers) who are high have visited a retail clinic at least other groups, risk still will require visits to a once, according to an estimate by though, remain physician’s office or a hospital for the Convenient Care Association, an skeptical about some of those routine services.” industry trade group formed last how the clinics Hang One of the biggest concerns of year. are operated and consider them a the MHHA membership is that su- That number is expected to in- potential competitive threat. pervisory roles in a retail clinic crease as national pharmacy oper- There are 17 MinuteClinic loca- setting will remain with physi- ators such as Wal-Mart, CVS, Target tions in Southeast Michigan, with cians themselves, Schonfeld said. and Walgreen Co. create agree- an 18th opening in Northville this Dr. Chris Bush, a primary care ments with miniclinic providers April. All clinics are staffed by cer- physician in Riverview and a like RediClinic and MinuteClinic. tified nurse practitioners who fax board member with the Michigan Support among health insur- or e-mail details of a patient visit State Medical Society, said Michi- ance companies is growing, al- to the appropriate primary care gan also is not equipped to make though the majority of visits are physician upon patient permis- sure patient care records are paid out of pocket now. About 40 sion. shared between clinics and prima- percent to 50 percent of clinics ac- A nurse practitioner is taught to ry doctors. cept insurance from providers like refer a patient to appropriate care “Some physicians might become Humana Inc., UnitedHealth Group Inc. immediately if the person shows involved with retail clinics, but and Aetna Inc., according to CCA. an abnormal vital sign or requires the vast majority wishes they It remains to be seen if the clin- treatment or diagnosis beyond the would go away,” Bush said. “Un- ics will prove to be a profit center practitioner’s skills, Hang said. less the state of Michigan develops for retailers. MinuteClinic offers Since the retail clinic industry a standardized electronic medical standard pricing on common ail- is still in its early stages, it is diffi- record format, the results of a visit ments. For example, having a sore cult to track the exact number of to a retail clinic or even an urgent throat checked costs $59, and a clinics currently open in the re- care (center) may never get back to strep throat test would cost an ad- gion or country. the primary care physician and be- ditional $10, Hang said. Jack Fyock, vice president at come part of the medical record.” To compete effectively, retail Livonia-based Market Strategies In- While some physicians may con- clinics need to have the right strat- ternational, said the latest numbers sider retail clinics a threat to busi- egy, Fyock said. show that there are fewer than ness, the impact of lost physician “It can be a viable way of getting 1,000 U.S. retail clinics operating, practice revenue is due more to basic health care to underinsured but that number is expected to Michigan’s economic downturn individuals, but how effective lo- reach 1,000 soon. Market Strate- than the emergence of retail clin- gistically and financially the clin- gies conducted a retail clinic mar- ics, Bush said. The future impact ics will be is being evaluated,” he ket study in April 2007. of retail clinics, though, is un- said. FORFOR SALESALE oror LEASELEASE Oakland Family Services helps Beaumont cut turnover

BY JAY GREENE level position, and “many people Another part of the program is CRAIN’S DETROIT BUSINESS have trouble adjusting to those po- offering employees “job coaches” sitions,” Susick said. to assist with any issues that may In a pilot project completed last Typical problems employees affect job performance, she said. year, William Beaumont Hospital in face include getting to work on “The job coach is offered by Oak- Troy cut turnover by 24 percent in time, arranging child care, hous- land Family Services. They are its 250-member nursing assistant ing and learning communication available 24-7 to help coach em- staff by training managers and of- skills to work with patients and ployees beyond whatever situation fering employees a variety of job hospital staff, Susick said. they are in,” Susick said. 5755 New King Court, Troy, Michigan assistance programs. Most nursing assistants have a Several other departments, in- With help from Pontiac-based high-school education and are cluding housekeeping, may offer • 15 Year Lease in Place for 35,226 SqFt Oakland Family Services, nursing as- trained by hospitals in six-week similar programs to improve re- with Credit For More Information, Please Call: sistant turnover was cut to 22 per- training courses. Their job entails tention, she said. • 20,889 SqFt Available on the 2nd Floor 248.324.2000 cent from 30 percent during the checking patients’ vital signs, Beaumont is not alone. A new • Outstanding User Purchase Opportunity second half of 2007, said Nancy Su- helping patients with personal survey indicates 81 percent of • 8.19 Acre Site sick, vice president and chief care, escorting patients within the business executives consider em- nurse executive of Beaumont’s • Expandable for up to an Additional hospital and assisting nurses. ployee retention a top priority, ac- 60,000 SqFt Troy hospital. The key to employee retention is cording to a survey by TalentKeep- “I would like to see turnover be- training managers in an eight- ers, an Orlando-based consulting www.friedmanrealestate.com tween 10 and 15 percent,” she said. hour class to identify signs of prob- firm. Last year, only 41 percent Nursing assistant is an entry- lems. said it was a top priority. DETROIT BUSINESS MAIN 04-07-08 A 15 CDB 4/3/2008 3:49 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 15

FOCUS:HEALTH CARE Roseville ob-gyn group WHITEHALL GROUP, L.L.C. grows with patient focus, diverse services Helping BY CHRISTINE SNYDER Companies SPECIAL TO CRAIN’S DETROIT BUSINESS GROWING GROUPS A customer service oriented cul- Over the past 20 years, the ture and new treatment options to number of medical groups of 10 or more physicians, like Eastside Drive Change keep pace with medical trends have helped Roseville-based Eastside Gy- Gynecology Obstetrics, has been growing, although only 31 percent necology Obstetrics become one of of physicians are members of Allow us to help you address the largest independent ob-gyn group practices of three or more groups in Southeast Michigan. physicians, according to a 2005 the controllable issues in an The second-generation practice, survey by the American Medical uncontrollable environment which has 10 doctors and three loca- Association. In 1980, 20 percent tions, has grown with tried and true of the nation’s 750,000 doctors business methods, said Dr. Paul practiced in groups. Obstetrics and Nehra, senior physician and group gynecology groups are one of the Providing Services to Companies in Transition president. five most common types, according to the AMA. “It’s the simple things … getting Chapter 11 / Crisis Management Operational Improvement back to people in time ... scheduling. & Orderly Liquidations We are willing to work long hours,” “We have close to 50 employees. We Operational and Financial he said. “Patient care is more im- do our own payroll. We have the Turnaround & Restructuring Due Diligence function of an office to take care of portant.” Supplier Development Merger, Acquisition and Nehra’s father, John, started the ... we do ultrasounds, mammo- group practice by joining with an- grams, bone-density scans. If they Divestiture Services other ob-gyn group in the 1960s. don’t have to go to the hospital with Paul Nehra joined in 1984. Two ad- the parking issues and (other) is- ditional locations were eventually sues, I think that’s the main thing.” opened in Grosse Pointe and New Minimally invasive surgeries for 801 W. Big Beaver Rd. 400, Troy, MI 48084 Baltimore. The incontinence, uterine bleeding and P: 248-519-1072 www.whitehallgroupllc.com New Baltimore other maladies are available on site. office is soon Eastside recently added a skin care moving to Ma- treatment wing at its Roseville of- comb Township. fice, which offers laser treatments, “We had five Botox and other minimally inva- doctors when I sive or noninvasive skin care treat- started. Now we ment. have 10. It has “Maybe 1 percent of our patients largely been pa- use it, but it’s there for them,” said Nehra. Paul Nehra tient referral that has grown Dr. Paul Blunden, another East- our patient base,” said Nehra. side doctor, said one standard care Eastside’s 2007 gross revenues growth area for the practice is a were about $2 million. By compari- new recommendation for all girls son, with nine doctors in 2006, the and women between 9 and 26 to re- Summer at Sacred Heart practice reported revenue of $1.8 ceive the human papillomavirus million. vaccine. Eventually the vaccine is Yet Nehra said competition and expected to be recommended for GES ONTHS HROUGH IGH CHOOL the local economy are major chal- boys and older patients. A 18 M T H S lenges. Treatment for menopause in- JUNE 23 – AUGUST 1, 2008 “I have two patients who need cludes options such as estrogen re- procedures who recently lost their placement via pills and patches. insurance. I am still going to do the “The big difference in estrogen- procedures. We have to find replacement therapy is the dosing Medicare for these people, and changes,” said Blunden. “The mul- sometimes we can’t.” tiple companies now have multiple Another challenge for practices doses. ... In the past, we only had like Eastside’s is a decline in popu- two or three doses. We now have six lation growth in many pockets of doses. We always try the lower dose the region. first.” “With the economy, I think one of Herbal treatments such as black the things that may be happening is cohosh are an alternative for some, people aren’t having kids,” said Dr. depending on age, he said. Timothy Johnson, chair of the Uni- Just as women differ in their versity of Michigan Medical School, health needs and best treatment op- ob-gyn. tion, Eastside has developed a di- “People are delaying their child- verse base of staff doctors. bearing or leaving Michigan. I “We have every ethnic back- think there are big financial issues ground in this practice, and in the in the entire state of Michigan.” end that’s good for the practice,” REGISTER ONLINE AT WWW.ASHMI.ORG/SUMMER A group the size of Eastside also said Chen. “(With) the personal OR CALL US AT 248-646-8900 ext. 871 Fax 248-646-4143 grapples with some of the work-life (medical) interests we have, if we balance common for many doctors. don’t do something, our partner “That has gotten better as more does.” and more have joined group prac- Chen said having a savvy busi- tices,” Johnson said. “The old one- nessperson at the helm helps the The Academy of the Sacred Heart, a member of the Network of Sacred Heart Schools, was founded in 1851 and or two-person (practice) who is al- practice thrive. is Michigan’s oldest independent school. Located at 1250 Kensington Road in Bloomfield Hills, it is a Catholic, ways on call has gone away.” “Dr. Nehra is very good at what college-preparatory school for girls (Age 3-Grade 12) and boys (Age 3-Grade 8) of many cultures and faiths. Dr. Benjamin Chen, who joined he does both from a medical per- the practice 10 years ago, said the spective and a business perspective. automony means hard work but He has done a great job in helping it pays off with patient satisfaction. grow to where it is today.” DETROIT BUSINESS MAIN 04-07-08 A 16 CDB 4/3/2008 3:25 PM Page 1

Page 16 CRAIN’S DETROIT BUSINESS April 7, 2008

CRAIN'S LIST: PHYSICIAN ORGANIZATIONS Ranked by number of physicians

Number of Company Number of hospital Number of Number of Address Number of board-certified inpatient Outpatient managed-care managed-care Rank Phone, Web site Top executive physicians physicians admissions visits covered lives contracts Physician hospital affiliations St. John HealthPartners William Isenstein 2,265 2,103 15,878 NA 247,615 7 St. John Hospital and Medical Center, St. John 28000 Dequindre Road, Warren 48092 executive director Macomb-Oakland Hospital, St. John River District Hospital, St. 1. (586) 753-0654; www.stjohnhealthpartners.org John North Shores Hospital, Providence Hospital, Providence Park Hospital

United Physicians P.C. Steven Grant 2,001 1,933 NA NA 103,464 3 Detroit Medical Center, William Beaumont Hospital Grosse 30800 Telegraph Road, Suite 2800 CEO and president Pointe, Botsford General Hospital, Crittenton Hospital Medical Bingham Farms 48025 Center, Henry Ford Hospital Macomb, Henry Ford Hospital (248) 593-0100; www.updoctors.com Macomb-Warren Campus, Mount Clemens General Hospital, 2. North Oakland Medical Centers, Oakwood, Pontiac Osteopathic Hospital, Providence Hospital, St. John Hospital, St. Joseph Mercy Hospital, St. Joseph Mercy of Macomb, St. Mary Mercy Hospital of Livonia, William Beaumont Hospital-Royal Oak, William Beaumont Hospital-Troy University of Michigan David Spahlinger 1,500 1,262 47,048 1,615,774 100,000 34 University of Michigan Hospital, C.S. Mott Children's Hospital, Faculty Group Practice executive medical VA Ann Arbor Healthcare System 3. 4101 Medical Science Building I, Ann Arbor 48109-0624; director and senior (800) 211-8181; www.med.umich.edu associate dean for clinical affairs

United Outstanding Physicians L.L.C. B Y.T. Hammoud 1,003 972 NA NA 182,000 16 Primary-Oakwood Healthcare Inc., Secondary-Detroit Medical 330 Town Center Drive, Suite 900, Dearborn 48126 medical director Center, Botsford, Garden City and hospitals designated by 4. (313) 240-9867; www.uopdocs.com certain health plans

Henry Ford Medical Group Mark Kelley 1,000 1,000 43,033 1,862,737 145,000 NA Henry Ford Hospital and Health Network 1 Ford Place, Detroit 48202 CEO and general 5. (800) 436-7936; www.henryford.com manager

Huron Valley Physicians Association P.C. Paul Harkaway 772 NA NA NA 50,000 4 Trinity Health System; St. Joseph Mercy Ann Arbor, Saline, 2000 Hogback Road, Suite 4, Ann Arbor 48105 chairman, president Livingston, St. Mary's Livonia and Chelsea hospitals 6. (734) 973-0137; www.hvpa.com and CEO

Medical Network One P.C. Ewa Matuszewski 703 654 NA NA NA NA Crittenton, DMC, NOMC, St. Joseph, Oakland, Crittenton, 4986 Adams Road, Suite D, Rochester 48306-1416 CEO Pontiac Osteopathic, Genesys Health System, McClaren 7. (248) 475-4701; www.mednetone.net Health System, Henry Ford (all campuses), Beaumont (all campuses), St. John (all campuses), Mercy Memorial Monroe, St. Vincent Toledo, Northern Michigan Regional, Uof M

Olympia Medical Services P.L.L.C. Randall Bickle, 620 600 NA NA 55,000 9 Garden City Hospital, Botsford Hospital 28801 Plymouth Road, Livonia 48150 president and medical (734) 367-9086 director Norman Teer, 8. associate medical director Michael Wayne, associate medical director Wayne State University Physician Group Robert Mentzer Jr. 457 437 17,537 374,764 7,890 33 On staff at 70 hospitals or medical centers 550 E. Canfield Ave., Suite 320, Detroit 48201 chairman and CEO 9. (313) 577-2957; www.med.wayne.edu/wsupg

Oakland Physicians Network Services Ray Breitenbach 435 402 NA NA NA NA St. Joseph Mercy Hospital, North Oakland Medical Center, 3901 Highland Road, Suite C, Waterford 48328 president Huron Valley-Sinai Hospital 10. (248) 682-0088; www.opns.org

Oakland Southfield Physicians P.C. Jerome Frankel 325 320 NA NA 118,300 5 Botsford General Hospital, Detroit Medical Center, Henry Ford 20300 W. 12 Mile Road, Suite 200, Southfield 48076 medical director Wyandotte, Providence Hospital, St. John Hospitals, St. Joseph 11. (248) 357-4048; www.ospdocs.com Mercy-Oakland, St. Joseph Mercy-Ann Arbor, St. Mary, William Beaumont Hospitals

Greater Macomb PHO Dirk DeLange 279 200 24,000 260,000 15,000 8 Henry Ford Macomb Hospital 43421 Garfield, Suite 203, Clinton Township 48038 executive director, 12. (586) 263-2620 acting

Mt. Clemens General Hospital Physician Kathy Kendall 268 268 12,137 C 67,047 C NA 32 Mt. Clemens Regional Medical Center Hospital Organization L.L.C. executive director 13. P.O. Box 326, Mt. Clemens 48046-0326 (586) 741-4158; www.mcrmc.org

Wyandotte Independent Robert Jackson, 227 220 NA NA 10,000 3 Henry Ford Wyandotte Hospital, Oakwood Healthcare System Physician Association medical director 14. 1305 Abbott Road, E. Lansing 48823 Thomas Wolff, (517) 336-1400 administrator

Physician Organized Healthcare System Gary Wentzloff 203 203 NA NA NA 13 POH Regional Medical Center 50 N. Perry Road, Pontiac 48342 CEO 15. (248) 338-5353; www.pohs.org

Oakwood Primary Care Physicians Robert Jackson, 32 32 NA NA 7,500 2 Oakwood Health System, Henry Ford Wyandotte Hospital 7445 Allen Road, Suite 250, Allen Park 48101 medical director 16. (517) 336-1400 Thomas Wolff, administrator

This list of physician organizations encompasses physician hospital organizations and independent practice associations and is an approximate compilation of the largest such groups in Wayne, Oakland, Macomb, Washtenaw and Livingston counties. It is not a complete listing but the most comprehensive available. NA = not available. NC = no change. NR = not relevant. B Formerly United Oakwood Physicians. C Represents the nine-months ending Sept. 30, 2007. Mt. Clemens Regional Medical Center had a nine-month fiscal year in 2007 due to the transition to McLaren Health Care Corp. LIST RESEARCHED BY ANNE MARKS AND JOANNE SCHARICH DBpageAD.qxd 1/25/2008 10:51 AM Page 1

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April 7, 2008 CRAIN’S DETROIT BUSINESS Page 19

MIXED MEDIA

Love of reading

Jim Adox business Dinner dance for Ford estate, Page 23. Managing director Venture Investors

For Jim Adox, 41, reading The New York Times goes beyond getting the latest news, it’s a hobby that reminds the Man- hattan native of being a kid. “I grew up with it,” he said. Making the cut “My dad used to tell me to read The New York Times because it would make my vocabulary better. I used to think he was crazy. But now I sometimes still keep a Osprey takes undervalued courses to the leader board dictionary next to me so I can look up some of the words.” Adox, who is managing di- BY JASON DEEGAN “We’ve always wanted a white fence rector of Wisconsin-based Ven- SPECIAL TO CRAIN’S DETROIT BUSINESS ture Investors’ Ann Arbor office, to snap up some attention from certainly doesn’t need a lesson t took only a few minutes for people off the highway,”Bell recalls. in the vocabulary of venture On video Mike Biber to impress Doug capital. Adox said most of what “Mike’s got his Rottweiler with him. Mike Biber explains he reads throughout the week Bell when they first met in 2002. his business is job related. He receives e- He’s looking outside. He says, ‘You strategy at mail news feeds on startup Biber stopped in to tour the need a white fence.’ I couldn’t believe www.crainsdetroit. companies, entrepreneurship Manistee National Golf & Resort and industry trends. I it. He’s got that vision.” com/multimedia He also visits The Wall Street with Bell, its general manager. Biber, That white fence now stands at Journal and Crain’s Detroit Business online. the managing partner of Osprey Manistee National, serving as a sym- Bringing the outdoors in Management Co., a diverse real estate bol of Biber’s ability to turn a vision Adox’s magazine hobbies re- company based in Brighton, was one flect his love of outdoor sports. into reality. Triathlete Magazine gives Adox of a handful of serious suitors for the the information he needs to See Osprey, Page 20 train year-round for triathlons. property,which was up for auction. Adox said he’s looking forward to competing in a New York triathlon this July. “You actually swim in the Hudson River,” he said. “Peo- ple think it’s too dirty, but it’s actually pretty clean.”

Music from ‘The Boss’ Adox’s music taste comes from the flip side of the Hudson River: New Jersey, where he spent the latter part of his childhood. “I’m a big Bruce Springsteen fan. He takes me back,” he said. Adox said he listens to WQKL 107.1 FM, a rock station in Ann Arbor, and National Public Radio. He doesn’t watch much TV. He prefers to watch movies with his wife, Ashley. Adox is currently reading Bo’s Last- ing Lessons, a book by former Univer- sity of Michigan football coach Bo Schembechler. “He’s a legend in Ann Ar- The Canthooke Valley course at Manistee National Golf & Resort. bor,” he said. “It’s a fun book, but he talks leadership and building a team. It’s actually very relevant to building a company, which is a lot of what I do at Venture Investors.” — Leah Boyd DETROIT BUSINESS MAIN 04-07-08 A 20 CDB 4/3/2008 5:15 PM Page 1

Page 20 CRAIN’S DETROIT BUSINESS April 7, 2008

FOCUS:BUSINESS LIVES

Osprey: Undervalued courses go to leader board OSPREY’S HOLDINGS Golf portfolio of Osprey Recreational ■ From Page 19 Properties L.L.C. Biber, 63, continues to use built with stylish suites with something from Biber at every meeting. “He Ⅲ Manistee National Golf & Resort, that intuition and business more amenities. challenges you, but he’s always fair.” Manistee — Osprey bought the 36-hole sense to successfully expand Biber said that Osprey is a Mike Collins, the managing principal of property at an auction in 2003. All suites the golf portfolio of his com- long-term player, but any- Woodward Capital Advisors in Birmingham, calls and some hotel rooms were renovated. pany’s recreation division, thing is for sale. When the Biber a “complex guy,” maybe the smartest and Construction of an outdoor pool followed. Osprey Recreational Properties economy turns around, his most charismatic person he’s met. Around $400,000 is being spent to redo L.L.C. While many owners and properties will be ready. “We “He’s always surprising. He does that on the rest of the rooms. The two par-71 operators in Michigan’s slug- think we’ll make a buck,” he purpose. He doesn’t want to be figured out,” courses — the newer, more difficult gish golf industry are getting added. said Collins, who is also managing partner of Cutter’s Ridge and the friendlier out of the game, Biber’s gone Although golf is just a snip- Osprey Investment Co. “He is very much a dri- Canthooke Valley — complement each all-in. pet of Osprey’s business — the ven, success-oriented guy. You can tell that on other. Osprey’s practice of buy- company owns 5 million the golf course and a business deal. He’s nice Ⅲ Otsego Club & Resort, Gaylord — ing properties in turmoil for square feet of office space and charming, but he wants to win.” Purchased in 2006, the Bavarian-themed more affordable prices has (and more undeveloped land) Osprey continues to win over golfers with resort is Osprey’s crown jewel. Its 117 proven fruitful, turning the in five states — it has brought its commitment to better service, playing rooms and suites have been redone. The Tribute course gives golfers a thrill ride company into one of the Biber full circle. conditions, facilities and even young talent. through ski terrain. The Classic course is largest golf operators in the Raking bunkers, caddying A partnership between Osprey and the Golf more understated but still fun. The dining state: Eight courses on five and playing competitively in Association of Michigan will give four college experience at Pontresina is top-notch. properties. NATHAN SKID/CDB his youth set the foundation freshmen a $2,000 annual, renewable scholar- Ⅲ Black Forest at Wilderness Valley, This year Osprey will ac- Mike Biber has been described as of principles he abides by to- ship. Biber also mails bonus checks to sea- complex and charismatic. Gaylord — The 36-hole complex, quire a course in metro De- day. sonal college-aged employees, as long as they purchased in 2004, is on the rebound troit, partly as a feeder to its northern Michi- “Golf is a real building block and learning are doing well in school. with the upgrading of Black Forest, a Tom gan resorts. tool for business later on,” Biber said. “You David Graham, the executive director of Doak design. There are thousands of Biber targets properties that aren’t neces- learn so many lessons. You can’t cheat. You the Golf Association of Michigan, called trees and more than 100 bunkers. The sarily the best but are among the top tier. have to stay focused. … If nothing else, golf Biber a visionary who “walks the talk” when clubhouse has a new bar and a deck. “We don’t buy core properties,” he said. teaches you how to lose. You feel bad when it comes to giving back to the game. Ⅲ Ridgeview Golf Course, Kalamazoo — “Ninety to 95 percent of the time, we buy you do, but you come back and work harder.” “I really respect him,” Graham said. “We Osprey’s Mike Biber and his brother somebody else’s problem.” Biber uses a round of business golf as a are fortunate to have his vision and focus in bought Ridgeview, a par-71 course built Biber sees potential in these “undervalued judge of character. this industry.” in 1964, in 1975. Their father, Walt, a properties.” Once they’re in his possession, “I watched a guy cheat on a course. We nev- Biber is doing everything he can to make a longtime pro at Kalamazoo Country Club, he grants the necessary improvements. er did business with him again,” Biber said. difference — on and off the course — in the ran the course for years. In the last year alone, Osprey has begun re- “Do you want to do business with a person crowded, competitive golf market. Ⅲ Medalist Golf Club, Marshall — doing the bunkers at its Black Forest course who throws a club? ... That social setting is “The people who have a long-term vision Acquired in 2003, the 6,965-yard Bill in Gaylord and is in the midst of more room invaluable.” will survive,” Biber said. “We expect to be Newcomb course carves its way through renovations at Manistee National. The Ot- Those who know Biber say he can be in- one of them. It helps to bring a good plan and 275 acres of woods and marshland. sego Club went from tired to exuding person- tense and competitive, whether on the green the ability to invest. Otherwise you are wast- — Jason Deegan ality. Its Hilltop Lodge was torn down and re- or in the boardroom. Bell said he learns ing your time.”

Costco Green Oak Village Mall DETROIT BUSINESS MAIN 04-07-08 A 21 CDB 4/3/2008 4:04 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 21

FOCUS:BUSINESS LIVES Members make sacrifices for a world-class course

BY JASON DEEGAN “You like to see in a major tour- SPECIAL TO CRAIN’S DETROIT BUSINESS nament that the pros struggle to HISTORY OF CHAMPIONS make par. That’s the fun of the The Oakland Hills Country Club south course’s championship pedigree is Members of the Oakland Hills game,” Collins said. Country Club are used to sacrifices almost unprecedented since it opened in 1916. Bayliss estimates the redesign whenever a major golf tournament plays “a couple strokes” harder for 1922 Western Open: Oakland 1979 PGA Championship: David visits their beloved south course the members, leading to slightly Hills’ Mike Brady dusted the field in Graham won a thrilling three-hole in Bloomfield Township. higher handicaps. Bayliss said the an event once considered a major, playoff with Ben Crenshaw by They give up several weeks of winning by 10 shots over Jock sinking long putts on the first two nickname of “sissy hill,” a ridge on golf during prime season. Many Hutchinson. greens and finishing it off with a No. 5 that once determined suc- volunteer their time, working be- 1924 U.S. Open: England native birdie on the final hole. hind the scenes before and during cessful drives by funneling shots Cyril Walker, a diminutive man, 1981 U.S. Senior Open: Arnold a tournament to ensure its suc- The 593-yard 12th hole at farther down the fairway, is now a beat defending champion Bobby Palmer proved he was still “The cess. Now they’re dealing with a Oakland Hills. misnomer. Jones, golf’s greatest amateur, by King” by winning a playoff with new sacrifice heading into the 2008 “You have to pound it to get out three strokes. longtime rivals Billy Casper and PGA Championship: their egos. PAR FOR THE COURSE there,” he said of the 280-yard 1937 U.S. Open: Three years after Bob Stone. A $1.8 million redesign of the poke. quitting the game to become a car 1985 U.S. Open: T.C. Chen’s wild Renovated south course at south course, completed last year Even so, Jones admits the salesman, Ralph Guldahl won the ride — a rare double eagle on the Oakland Hills Country Club by Rees Jones Inc., has made the course’s defenses might not be first of two back-to-back U.S. Opens second hole, followed by the Ⅲ Longest par 5: The 593-yard beating the course they call the “Monster” enough to deter today’s PGA Tour infamous double hit for a quadruple 12th hole. legendary Sam play tougher than it has in bogey on No. 5 — overshadowed Ⅲ Longest par 4: The 498-yard pros who are bashing a golf ball Snead by two decades, maybe ever. Andy North’s second U.S. Open 18th hole. that flies longer and straighter. strokes. title. All the sacrifices — higher Ⅲ Longest par 3: The 257-yard “I don’t think it will ever be a 1951 U.S. scores, less golf, more work — are 1991 U.S. Senior Open: Jack ninth hole. monster again. These guys are so Open: Robert part of the fabric of the club. Oak- Nicklaus shot a Monday playoff 65 Ⅲ No. 1 handicap hole: The 490- good,” Jones said. Trent Jones to cruise past Chi Chi Rodriguez. land Hills’ mission statement de- yard fifth hole. Kerry Haigh, managing director Sr.’s redesign mands the club stay relevant to the 1996 U.S. Open: Unheralded Steve Ⅲ Number of bunkers: 136. of championships for the PGA of birthed the world of championship golf. That Jones outlasted stars Tom Lehman Ⅲ Grasses on the course: Rough America, said he’s not concerned “Monster,” and Davis Love III by one stroke, might explain why the club of near- — annual bluegrass. Tees and with what score wins the tourna- which allowed becoming the first sectional ly 1,000 members always has a wait- Guldahl fairways — mix of bent and poa. ment, whether it’s two over par or only two sub- qualifier to win the U.S. Open since ing list. Their Greens — bent and poa annua. 10 under. He said the rough will be par rounds. Ben Hogan shot a 67 Jerry Pate in 1976. commitment to Ⅲ Elevation changes: About 40 about 3-3½ inches deep, similar to in the final round to win by two 2002 U.S. Amateur: University of the game is shots, then called the course the feet. the 2004 Ryder Cup matches. He Arizona golfer Ricky Barnes, held strong, no mat- toughest he’s ever faced. Source: Oakland Hills said the greens, untouched during off eventual PGA Tour pro Hunter ter the cost. 1961 U.S. Open: Gene “The Mahan in one of the most “There is the renovation, are among the best bers are “waiting with bated Machine” Littler won his only major successful U.S. Amateurs ever. some pride that in the world. breath” to see how the best players championship by a stroke over 2004 Ryder Cup Matches: The can be bruised,” “With the design changes them- Doug Sanders and Bob Goalby. in the world fare on their course. Europeans beat the Americans, 18 playing a selves, you let the architect pro- 1972 PGA Championship: A birdie ½ to 9 ½. U.S. captain Hal He added that many members tougher course, vide the challenge, not necessarily at No. 16 propelled Gary Player to Sutton’s decision to pair Tiger watched last summer’s British the way we set it up,” Haigh said. Woods and Phil Mickelson in the Bayliss said Rick Bayliss victory in what was then considered Jr., the club’s Open qualifier to gauge the scores “We want it a fair playing arena the most successful PGA first match went awry, setting the COO. “They (the members) have a posted by the pros. Only a handful for the best players in the world to Championship. tone for the weekend. good perspective and good way broke the par of 70. show their skills.” about it. With the advances in technology, the golf course was playing artificially easier than it should have been.” By all indications, the redesign has been a success. Jones added At McDonald Hopkins, we have 346 yards of length by adding 15 teams of experienced attorneys new tees. He built or repositioned Attorneys nearly 30 bunkers, many to pinch who are driven to help automotive fairway landing zones. The ponds suppliers at every level with all of at No. 7 and the famous 16th hole your legal issues. Whether you were enlarged, as well. confront supply chain issues, Jones said the course fits the who are driven... rolling land “like a glove.” Bayliss purchase order negotiations, labor indicated that original architect concerns, intellectual property Donald Ross designed the course, issues, capital needs, litigation, formerly farmland, around the dramatic landing zones of holes complex restructuring, creditor No. 10 and No. 11. Their greens are representation, or the perched 40 feet or more above the sale/purchase of a business, we fairway. The course used to play as have the expertise to steer you an inland links with natural areas, Bayliss added, but now is pure down the right road. parkland, immaculately main- McDonald Hopkins can help you tained. The changes keep Oakland Hills navigate the most challenging among the handful of courses good business roadblocks with enough to host future majors. The innovative and practical legal club hopes to secure a U.S. Open, solutions. its seventh, as soon as 2016. Oakland Hills member Mike Collins, a Birmingham resident, said he hasn’t heard one com- 39533 Woodward Avenue, plaint. Suite 318 “It’s a blast to play,” he said. “They brought some bunkers into Bloomfield Hills, MI 48304 play that weren’t into play for some of the longer guys. For high- Stephen M. Gross er handicaps, I don’t think it re- Office Managing Member duced its playability but definitely 248.646.5070 put some added teeth to it. They’ve made it pretty, taken out some Chicago • Cleveland • Columbus trees that aesthetically improved www.mcdonaldhopkins.com it as well.” Detroit • West Palm Beach Collins said Oakland Hills mem- DETROIT BUSINESS MAIN 04-07-08 A 22 CDB 4/3/2008 3:30 PM Page 1

Page 22 CRAIN’S DETROIT BUSINESS April 7, 2008

FOCUS:BUSINESS LIVES PGA tourney drives area economy, image

The 2008 PGA Championship will have a major economic impact ECONOMIC SCOREBOARD when it visits the south course at Oakland Hills Country Club Aug. 4-10, Economic impact of major sports but just how much is up for debate. events: Hotels and restaurants surround- Ⅲ 2004 Ryder Cup: $48.7 million ing the Bloomfield Township Ⅲ 2005 MLB All-Star Game: $42 course figure to benefit most, but million entertainment venues throughout Ⅲ 2006 Super Bowl XL: $49.3 metro Detroit, from golf courses to million casinos, should also see a boost. Ⅲ 2006 Detroit Tigers PGA Championship Tourna- post-season run: $37.8 million ment Director Ryan Cannon esti- Ⅲ 2007 Detroit Belle Isle Grand mated the impact at between $40 Prix: $53 million million and $60 million. The last Ⅲ 2007 Wrestlemania: $25 official study done indicated the million 2004 championship generated $76 Sources: Anderson Economic Group, Detroit Metro Convention & Visitors million for Wisconsin, shattering Bureau, Crain’s archives the tournament’s previous record by more than $25 million, according to a press release from Wiscon- PGA CHAMPIONSHIP sin Gov. Jim Doyle. Ⅲ What: 2008 PGA Championship Scott Watkins, a consultant with Ⅲ Anderson Economic Group L.L.C. in Where: South course at Oakland Hills Country Club, East Lansing, estimates a $39.1 Bloomfield Township million economic impact for the Ⅲ When: Aug. 4-10 tournament. Ⅲ “Any event like this for the De- Background: The PGA Championship, organized by PGA troit area is fantastic for the econo- of America, is one of the four my,” Watkins said. “We may be majors in men’s golf. It was first critical of some other numbers played in 1916. The winner (economic impact studies) as being receives the Wanamaker Trophy, unbelievably high, but it’s still def- and Tiger Woods is the two-time initely something that puts Detroit defending champion. on the map nationally and helps Ⅲ Web site: www.pga2008.com. create a positive image of the city Ⅲ Tickets: Monday and Tuesday and the state for the rest of the na- practice rounds are $30 per tion.” person. Week pass is $350. Cannon said only 30 percent of Executive tickets are $700 for the the tournament’s spectators come week and include access to the from outside a 150-mile radius, Executive Club, an air-conditioned facility with TVs and patio seating meaning the largest impact will on the signature 16th hole. Daily come from people involved with junior tickets for ages 17 and the tournament, including more under are $15 for practice rounds than 800 members of the media. and $30 for the tournament. Both Cannon and Watkins noted that the impact of the national TV you think about what a good re- coverage is hard to quantify but in- gional (public relations) program valuable. for Michigan is, I can’t think of “It will be on TV for 27 hours for anything better.” four days,” Cannon said. “When — Jason Deegan

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April 7, 2008 CRAIN’S DETROIT BUSINESS Page 23

FOCUS:BUSINESS LIVES Dinner dance aims to keep Ford home open to public

Home sweet homes. Henry and Clara Bryant Ford lived in 14 houses before planting their final roots in Dearborn. They would name their new home Fair Lane, after an area in County Cork, Ireland, the birthplace of Henry Ford’s foster grandfather. They decided to build the house for no more than $250,000. Not a bad deal for almost 32,000 square feet of floor space and 56 rooms, including 15 baths, seven bedrooms, a 4,000-book library, swimming pool and bowling alley on 1,300 acres. For $244,000 Cynthia and Edsel Ford II at last year’s Henry Ford Estate Dinner Dance. more, he built a new, larger dam on the Rouge River and a six-lev- Givers el power house. The power house — with a research lab and a 12-car garage — & would be Shakers Henry’s Julie Yolles haven. Visi- tors who tour the Henry Ford Estate-Fair Lane can see many of Henry’s original vehicles, PHOTOS COURTESY OF HENRY FORD ESTATE including the 1922 custom Lincoln The Henry Ford Estate-Fair Lane’s annual operating costs total $2 million. camping truck that he drove on his upcoming Belle Isle Legacy Lun- infamous vagabond camping trips cheon; and the Juvenile Diabetes Re- with pals Thomas Edison, Harvey HENRY FORD ESTATE search Foundation will present the Firestone and John Burroughs. DINNER DANCE couple with the Jane Jospey Cobb Clara oversaw the rest of the Promise Award in May. Cynthia is house, including her 12,000 rose To benefit: The Henry Ford Estate- on their international board, and bushes and magnificent gardens. Fair Lane. Edsel heads the Ford Global Walk Landscaping was her passion. She Honorary chairs: Cynthia and Team, which donates $3 million employed 25 full-time gardeners. Edsel Ford II. annually to the organization. Today, the estate is still one of the Chair: Alan Mulally. “The charity work that my wife top birding locations in Michigan. When: 6 p.m.-1 a.m. April 26. and I do is very, very important,” he Henry was clearly dedicated to Where: The Ritz-Carlton, said. “I like to be very involved in wildlife conservation. There are Dearborn. the planning and know what’s go- more than 500 bird houses plus Specs: Cocktail reception, seated ing on. I really don’t like surprises, feeding stations and nesting areas dinner, afterglow and dancing. especially when Cynthia and I lend on the property. Dress code: Black tie. our names to our events.” When the moving truck finally Cost: Tickets start at $250 per While Edsel may not like to be unloaded in January of 1916, the person, tables of 10 start at surprised, he definitely has one or estate’s bills totaled more than $2.5 $3,000. two surprises up his tuxedo sleeve. million. RSVP: (313) 593-3889 For the past couple of years, the Fair Lane is where Henry lived dinner dance theme has celebrated until his death in 1947 and where now. For the 20th year, he and his the important people and things in Clara lived until her death in 1950. wife, Cynthia, are serving as the Henry Ford’s life. In 2006, the The Ford Motor Co. donated the es- honorary chairs of the Henry Ford event was dedicated to Clara. Last tate, along with 210 acres and $6.5 Estate Dinner Dance to benefit the year, it was about his dear friend If you only take million, to the University of Michigan legacy of his great-grandparents. Thomas Edison. This year’s theme in 1956 to build a Dearborn cam- The black-tie gala will be held at is especially timely, coinciding one golf trip this year. . . pus. Today, Fair Lane sits on 72 of the Ritz-Carlton in Dearborn April with the 100th anniversary of the Top-name designers the 210 acres and is open for tours, 26 and will be chaired by Alan Mu- Model T on Sept. 27. This charity . 19 courses . events, and lunch Tuesday-Friday lally, president and CEO of Ford ball is one of the first events in a Great packages in the elegant Pool Restaurant. An- Motor Co. This event has raised yearlong celebration planned by Views of Lake Michigan . nual operating costs are $2 mil- nearly $5 million in the past 19 Ford Motor Co. . lion. years for the preservation and “Who knows which special per- After one golf trip to northwest Michigan, “The Henry Ford Estate is a na- restoration of the estate. This son will visit us this year at the tional historic landmark,” said Ed- year’s goal is $300,000. ball,” Edsel hinted. “It’s a dark se- you’ll make it a yearly event. sel Ford II, who is on the Ford Mo- A very hands-on kind of guy, Ed- cret. You’ll have to buy a ticket to tor Co. board of directors. “One of sel Ford II says that about 60 per- find out.” Free Vacation Guide the things we need to do is pre- cent of his life is dedicated to busi- You can reach Julie Yolles at BoyneCountry.com serve the Ford family history. As a ness, and the other 40 percent is [email protected]. Nonprofits family, we can’t do it ourselves, so dedicated to charitable work. holding fundraisers with a ticket 800-845-2828 we reach out to the public. This is Edsel and Cynthia served as price of $75 or more can list them a beautiful home that we need to honorary chairs for A Grand Night online at www.crainsdetroit. Petoskey N Harbor Springs N Boyne City maintain.” for Hospice in January; Cynthia is com/givers by clicking on the link Edsel Ford II is reaching out the Benefactor Party chair for the under “Charity Calendar.” DETROIT BUSINESS MAIN 04-07-08 A 24 CDB 4/4/2008 10:39 AM Page 1

Page 24 CRAIN’S DETROIT BUSINESS April 7, 2008 CRAIN’S BUSINESS LIVES FOCUS:BUSINESS LIVES

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NATHAN SKID/CRAIN’S DETROIT BUSINESS Todd Wickstrom and Phillip Cooley plan to open the Mercury Coffee Bar in Corktown this summer.

Enjoy lakefront strolls down the lighted sidewalk on the prestigious Odenfront. This five bedroom, two bath, 2860 sq. ft. turnkey . . . Makes a great back yard home with fireplace is located on the base of Heather Ridge at Champion Hill Golf New coffee bar for Corktown the Inland Waterway with 100’ of Crooked Course features large, wooded lots Lake frontage to enjoy water skiing and perfect for year round or “Up North” fishing from your dock. Landscaped yard vacation homes. View lots overlook the with perennials, waterscape, and fenced in course, inland lakes and Lake area on lakeside. Located just minutes from Michigan. Amazing! and a new Papa for Stucchi’s Petoskey, Harbor Springs, Nub’s Nob, Visit www.championhill.com Boyne Highlands, golf courses, and or contact: Former Zingerman’s through 2005. He said Stucchi’s is currently available snowmobile trail. Perfect up north getaway Matt Case at Delicatessen managing his time there taught in about 50 grocery and conve- or place to entertain guests. Call Linda matt2cases.com Jakeway, Associate Broker, Coldwell or partner Todd Wickstrom him what it takes to be nience stores, but Casey Askar, Banker Northern Lakes, Alanson, MI , 231.357.1609 Mobile is teaming up with Table successful. Papa Romano’s chairman and 49706 for private showing. 231-548-9336. 231.882.8000 Office Phillip Cooley, co-owner “I learned a lot about CEO, plans to expand distribution of Slows Bar BQ, to open Talk the restaurant business to major supermarkets. Askar also Mercury Coffee Bar in De- at Zingerman’s,” Wick- plans to franchise the Stucchi’s Dourdan Place troit’s Corktown area by strom said. “I did brand and convert the 12 existing Bloomfield Hills early summer. everything from busing retail outlets from licensees to Located at 2163 Michi- tables to ordering bal- franchisees. gan Ave., across the samic vinaigrettes street from Slows, the 50- from Italy.” seat restaurant will have Wickstrom also co- Asian fusion heads to Midtown an in-house bakery on founded New York- Wasabi, a Japanese-Korean fu- the first floor and a main based Heritage Foods sion restaurant, will open this dining area on the sec- USA in 2001. The food June in the Park Shelton condo- ond. It will offer coffees, broker helps small Located north off Hickory Grove, just east of miniums building in Detroit’s moderately priced pas- Nathan Skid farmers sell their goods Midtown. Woodward, Dourdan Place is a community of 18 tries, and sandwiches, to restaurants and estate home sites. Award winning plans available The 1,600-square-foot restaurant ranging from $7 to $8, stores across the U.S., or bring your own ideas. Bloomfield Hills schools. will offer Japanese and Korean made with ingredients grown in including Bastone in Royal Oak Five lots remain starting at $450,000. For more specialties for an average entree information, please call: Detroit. and Bower’s Harbor Inn in Traverse price of $15. By using locally grown prod- City. CHRIS PERO ucts, Wickstrom said he hopes to Both Cooley and Wickstrom rec- Co-owner Chul-Woong Kang Max Broock Realtors says the Park Shelton is a nice lo- 275 S. Old Woodward, Birmingham, MI boost the local farming communi- ognize the importance of keeping 48009 ty. The pair also planted 40 pounds their revenue in the city of Detroit. cation for his new venture. 248-797-0784 of garlic in an urban garden just “People think the Park Shelton View All My Listings at chrispero.com “The question is: How do we get south of I-94. the money from the front door to is a landmark, and I like the loca- Cooley and Wickstrom began stay in the city?” Wickstrom said. tion in Midtown,” he said. renovating their 3,000-square-foot, “In that sense, we are the antithe- Park Shelton Sales Manager leased building in January. They sis of Starbucks. All the money they Mike Matorelli says a sit-down estimate that renovation costs will earn goes to the corporation or an- restaurant of this caliber will be total about $200,000. other city.” an asset to the area and the Park Cooley initially was hired by Shelton residents. Wickstrom as a designer through Matorelli says Kang signed a his general contracting firm, Los New owner for Stucchi’s five-year lease with the option to Pistoleros, but became a minority Papa Romano’s Enterprises Inc. of expand to the corner space at partner after Wickstrom realized Commerce Township has acquired Woodward Avenue and Kirby Cooley’s knowledge of Detroit majority control of Stanford L.L.C. Street to add a bar in the future. restaurant operations. Ltd., the licensing company for “We have been trying to attract a tenant that would provide a little Cooley was equally impressed Saline-based ice cream maker Stuc- bar or lounge because the … Park with Wickstrom. chi’s. Shelton (once) had that type of en- “Todd has years of experience Stucchi’s will now be sold in se- and a wonderfully socially con- lect Papa Romano’s and Mr. Pita lo- tertainment option available,” Ma- scious mind. His past has been cations. Papa Romano’s acquired torelli said. about quality, and we have an op- an equity stake in Mr. Pita in Octo- Crain’s multimedia reporter portunity to bring quality at a dif- ber. A Papa Romano’s location ex- Nathan Skid now will cover restau- ferent kind of value,” Cooley said. pected to open in White Lake rants. Learn more on Page 2. He Wickstrom was with Zinger- Township this spring will be the can be reached at (313) 446-1654 or man’s in Ann Arbor from 2001 first co-branded with Stucchi’s. [email protected]. Golf Showcase 4-7.qxp 4/4/2008 10:29 AM Page 1

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Angels’ Place 16th Annual Golf Classic

Monday, July 21, 2008 Birmingham Country Club 8:00 AM and 1:00 PM Shotguns (PM shotgun sponsors only) Sponsorship opportunities available. Call 248.350.2203 for more information. www.angelsplace.com Christian Homes and Hope for Persons with Developmental Disabilities Page 26 CRAIN’S DETROIT BUSINESS April 7, 2008

Confidential Reply Boxes Available Call Us For Personalized Service: See Crainsdetroit.com/Classifieds (313) 446-6068 CRAIN’S CLASSIFIED for more classified advertisements See our Classified ads on www.crainsdetroit.com FAX: (313) 446-1757 MAIL: Classified Advertising, Crain’s Detroit Business, CLOSING TIMES: Monday 3 p.m., PAYMENT: All classified ads must be prepaid. E-MAIL: [email protected] 1155 Gratiot Ave., Detroit, MI 48207-2997. one week prior to publication date. Checks, money order or Crain’s credit approval INTERNET: www.crainsdetroit.com/classifieds Include name, company, address and phone number. Please call us for holiday closing times. accepted. Credit cards accepted.

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The position is accountable for budget preparation, accounting, investing and risk man- Retail or office users from INDUSTRIAL PROPERTY agement including business strategy, tax planning, health plan design and overall cash 2,000 SF to 19,000 SF management. 54 on-site parking spaces Leasing 4 Units - 12,000, 24,000, 50,000 & 106,000 CRAIN’S s.f. @ Burt Indust’l Pk. (I-96/Telegraph), Very Clean, We’re seeking a proven leader with demonstrated multi-disciplinary skills along with the 734.994.3100 ability to communicate with a broad range of people and positions. This is an exceptional Dry, Well-Maint., Docks, Truck Pkg, EZ Freeway Access. (248) 356 - 5466 opportunity with a well established industry leader in an exciting, growing business. Mike Giraud EXECUTIVE Required- B.S. in Accounting or similar degree and 10 yrs in a senior level financial posi- [email protected] tion, CPA a plus. Salary commensurate with background and experience. Tim Guest AVAILABLE NOW Please Send Resumes To: [email protected] www.colliers.com/annarbor RECRUITER Box# 10050 4,000 to 100,000 sq. ft. CD Crain Communication Also 10,000 & 25,000 sq. ft. 1155 Gratiot Avenue Detroit, MI 48207 INDUSTRIAL PROPERTY Free Standing Bldgs w/truckwells. REAL ESTATE 1 Mile from Metro Airport GENERAL GENERAL REA CONSTRUCTION (734) 946-8730 Conference Events Manager DIRECTOR, South Genesee’s Premier Warehouse Also Heavy Industrial This position will be responsible for creating CAREER DEVELOPMENT & Land Available and presenting sponsorship packages, event logistics and building registrations for events. EMPLOYMENT SERVICES www.reaconstruction.net Candidates must be self-motivated, have 45,000 sq. ft. 83,700 sq. ft. strong writing and presentation skills, project Successful candidates must have a Master’s With Rail With 4 Docks management and organizational skills. degree and five years related supervisory and a This is a full-time position in the Birmingham program development experience in Outcome Quality Tenants Pontiac, Michigan area. Some travel required. Experience preferred. Based job placement and employment services. Exceptional Value Warehousing or In depth knowledge of and relationship within the Send resume and salary requirements Manufacturing Jewish community. Excellent computer, to: [email protected] composition and interpersonal skills required. 5,000 to 200,000 sq.ft. Catellus Group, LLC 810-695-7700 Certification/licensure in related field preferred. for lease Send resume w/salary requirements to: CRAIN’S CLASSIFIEDS CRAIN’S Interior Truck wells JVS EXECUTIVE and grade level doors WORK! below market rates To Place Your Ad Call Human Resources Department RECRUITER 29699 Southfield Road WORKS! Immediate Occupancy Southfield, MI 48076 (313) 446-6068 To Place Your Ad Call or Fax: 248 - 552 - 7097 313-835-2485 EOE (313) 446-6068 or Best deal in town!

Fax (313) 446-1757 Fax (313) 446-1757 a DETROIT BUSINESS MAIN 04-07-08 A 27 CDB 4/4/2008 10:51 AM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 27 CRAIN’S REAL ESTATE CALENDAR WEDNESDAY OFFICE BUILDING INVESTMENT PROPERTY OFFICE SPACE APRIL 9 NOBEL PRIZE WINNER TO SPEAK Riverfront Land, Bay City Private Office Space In Downtown Franklin Governor’s Emerging Small Business AT LTU APRIL 24 7 acres, 983 ft. on Saginaw R. Ready for your law firm, accounting firm, or other AGGRESSIVE OWNER Former Marina, 4000 sq.ft. Bar/Restaurant business. 1,200 square feet includes two offices with Leaders and Entrepreneurs Council Nobel Peace Prize laureate Shirin $279,000 248 465-1995 balconies, conference room, kitchenette, reception Meeting. 10 a.m. Detroit Regional Ebadi is to speak April 24 at FINANCING AVAILABLE desk, and supply closet. Call 248-865-9150 LYON TOWNSHIP/BANK OWNED Chamber Small Business Initiatives Lawrence Technological University 12-unit rental townhouse project available. Bloomfield Hills "A" Office -- Window office(s) and Chamber Alliance-Business Col- in Southfield. Get a great deal on this investment opportunity. available in existing law firm suite; optional secretarial laborations and the Governor’s Contact Herb Lawson at 248-290-5300 ext. 302 station; includes library/conference room and kitchen; Ebadi, an Iranian lawyer and optional use of internet, fax, copier and scanner - Emerging Small Business Leaders human rights activist in her native Crain’s Classifieds Gets Results 248-645-1450 and Entrepreneurs Council. Ron country, received the Nobel Peace Evans, contract compliance officer, Prize in 2003. OFFICE SPACE Office of DBE/EEO Programs, Subur- SOUTHFIELD OFFICE BUILDING ban Mobility Authority for Regional Her lecture, “Learning to Lead, FOR SALE OR LEASE Transit. Detroit Regional Chamber. Live, and Work in a Global Free. Strict RSVP registration will ap- Society,” is the first in the * Medical or General Office Use university’s College of *Seconds From Northwestern & I-696 Entire Ofﬁ ce Building ply. Contact: mcgheed@michigan. gov. Management’s Center for Global *Recently Renovated Leadership and Understanding FOR LEASE Distinguished Speaker Series. Up to 250,000 sq. ft. THURSDAY The event is scheduled for 6:30-8 p.m. in Lawrence Tech’s Don BUILDIN APRIL 10 For More Information, Contact: IN G 51111 Woodward Avenue H Ridler Field House. It is free and Gary P. Grochowski or Garrett Middlekauff IT Pontiac, MI 48342 W Adcraft Club of Detroit. Noon. Adcraft open to the public. 248-637-9700 S C Club of Detroit and 313 Digital. Gayle www.Lmcap.com www.ottawa-tower.com I To register or for more information, T

P Troberman, worldwide general man- call (248) 204-3050 or visit O ager of branded entertainment, MSN.

• Great Corporate Headquarters R ltu.edu/management.

B San Marino Club, Troy. $32 members, I

RETAIL SPACE • Excellent Location F $27 junior members (under age 25), $15 — Joanne Scharich students (with student ID), $37 others. $75 others. Contact: (248) 844-4100. • Ideal For Call Center Contact: (313) 872-7850. • Former GM Truck And Coach New 6,000 sq. ft. retail space for rent. Headquarters Why You Should Give a “D” About the Annual Economic Luncheon. 11:30 Premier location in Mid-Town on Forest a.m.-1:30 p.m. . Oakland Coun- D Brand. 11:30 a.m.-1 p.m. Troy Cham- April 17 Ave., between Cass and Woodward. Sur- • Move-In Condition ty Planning and Economic Develop- rounded by residential apartments, lofts ber and Miller, Canfield, Paddock and Stone P.L.C. Jim Townsend, executive ment Services and the Institute of La- and condominiums on WSU Campus. Ex- • Fitness Center In Building bor and Industrial Relations at the cellent for a market or similar business. director of the Tourism Economic De- • Covered Parking velopment Council. Troy Hilton. $25 University of Michigan. George Ful- Contact 313-577-2313 members, $35 others. An extra $5 will ton and Donald Grimes, economists • Convenient Access To All For more information, please contact: be charged to those registering on the with the University of Michigan Insti- day of the event. Contact: Jaimi tute of Labor and Industrial Relations, INVESTMENT PROPERTY Freeways Including I-75 Michael Dudash (248) 866-0991 Tarnow, (248) 641-0031. will present the 2008-2010 Employ- [email protected] And M-59 ment Forecast for Oakland County. "HARD" FREEWAY SERVICE CORNER, On/Off, Rock Financial Showplace, Novi. $40. former lube/wash, 1/2 acre, exc. fast food, gas, c- www.haymancompany.com Highlighting the Southeast Michigan store. I-69 and Saginaw, 1blk downtown Flint. Best Contact: (248) 858-8706. Offer. Call Joseph 248-703-9317 or 586-477-2540 pm Community College Consortium and their Nine Centers of Expertise in Ad- Eastern Michigan Alliance Program- vanced Manufacturing and Alterna- Simply Green: Promoting Environmen- tive Energy. 7:30-10 a.m. Detroit Re- tally Friendly Development in Down- gional Manufacturing Skills Alliance, Detroit Regional Chamber, towns and Municipalities. 8 am-1 p.m. Southeastern Michigan Community April 17. International Council of Shop- CRAIN’S RESIDENTIAL PROPERTIES ping Centers Inc. in partnership with College Consortium, and the Greater Detroit Chapter of the American So- the Commercial Board of Realtors, CREW Network Detroit, Michigan AUCTIONS AUCTIONS ciety for Training and Development. Schoolcraft College, Livonia. Con- Downtown Association, Michigan Eco- tact: (313) 596-0478. nomic Development Association, the Online Real Estate Michigan Municipal League, Oakland County and the Woodward Avenue Ac- Bank Orders Tiger Club Member Reception. 5:30-8 tion Association. Roger Gaudette, Ford p.m. Detroit Regional Chamber. Tiger Motor Land Development. Townsend AUCTIONS Club, inside Comerica Park. Free for Hotel, Birmingham. $50 in advance, $65 chamber members. Contact: LaToya on site. Contact: (646) 728-3800. AUCTION Elliott, (313) 596-0305. 384 What’s Fueling the Renewable Energy Industry in Michi- Armada Township, Bruce Township, Metamora, Hartland, MONDAY gan. 7 a.m.-noon Lapeer, Northville, St. Clair, Washington Township Properties APRIL 14 April 17. Associa- tion for Corporate 31 States DNewsbureau-Working Proactively Growth Detroit New Homes and Condos! with National and International Media and the Financial April 11th- 18th to Present Solid and Factual Informa- Executives Inter- tion about the Region. 11:30 a.m.-1 national Detroit Originally priced from FREE BIDDING p.m. Southern Wayne County Region- chapter. Gov. Jen- al Chamber’s Legislative Forum. Mary nifer Granholm; $175,000 – $2.5 Million! williamsauction.com Kramer, publisher, Crain’s Detroit also includes two Business. $15 per person or $150 per Suggested panel discussions. 800.801.8003 table. Crystal Gardens, Southgate. Granholm Troy Marriott. $40 opening bids from Contact: (734) 284-6000. ACG members, $50 others. Contact: $50,000 – $1,000,000! (877) 894-2754. The Net Gain of Security in a Risk- Pancakes and Politics: Economy, Re- WATERFRONT PROPERTY Based World. 11:30 a.m.-1:30 p.m. De- troit Economic Club. Tom Ridge, gionalism, and Race Relations-Revisit- 18597 Steep Hollow Ct, Northville, MI A Great Reason to Live in Michigan! president and CEO, Ridge Global ed. 7:30 a.m. April 18. The Michigan Come home to your new custom home (your plans or L.L.C., and former secretary of Home- Chronicle, Real Times Media, Crain’s ours). Enjoy water sports and stunning sunsets. land Security. Detroit Marriott at the Detroit Business and others. Oakland 7 Subdivisions In Brighton at HiltonPointeEstates.com plus Renaissance Center. $40 members, County Executive L. Brooks Patterson, $50 guests of members, $75 others. others to be announced. Townsend Ho- with 273 Homesites Contact: (313) 963-8547. tel, Birmingham. Contact: (877) 979- 5500. BUY ONE, SOME OR ALL COMING EVENTS Asian Pacific American Chamber of CALENDAR GUIDELINES SATURDAY APRIL 19, 2008 Commerce SAE East-West Business Connection. 5-9 p.m. April 15. Asian Pa- More Calendar items can be found cific American Chamber of Commerce on the Web at www.crainsdetroit. and title sponsor General Motors Corp. com. Please send news releases 800.747.3342 X806 With remarks from Bo Andersson, Gen- for Calendar to Joanne Scharich, eral Motors group vice president, fol- Crain’s Detroit Business, 1155 www.nrc.com/806 lowed by business-to-business sessions Gratiot Ave., Detroit, MI 48207- with SAE Asian delegations from Chi- 2997, or e-mail jscharich@ In cooperation with Michigan Real Estate Services na, Hong Kong, India, Taiwan, Korea, crain.com. You also may submit Japan, Malaysia and Vietnam. MGM 3719 Westnedge Ave, Kalamazoo, MI Broker’s Lic.#6505265388 Calendar items in the Calendar Grand Detroit Casino. $50 members, section of crainsdetroit.com. $65 others. After April 8, $60 members, DETROIT BUSINESS MAIN 04-07-08 A 28 CDB 4/4/2008 10:21 AM Page 1

Page 28 CRAIN’S DETROIT BUSINESS April 7, 2008 PEOPLE ARCHITECTURE Rebecca Rouhan to account super- Reginald Farris to vice president, di- IN THE SPOTLIGHT visor, Berline, rector of operations, The Hanna Jones Bloomfield Hills, Group, Hanna & Associates Inc., De- Terry Niles has been promoted from account ex- troit, from general counsel on finance ecutive. and accounting, the United Methodist to president of Church, Nashville. Budco, a Sheri Teodoru to CEO, CFI Group, Jeff Boes to principal, TMP Associates Highland Park- based Ann Arbor, from Inc., Bloomfield Hills, from senior asso- partner. ciate. Also, marketing Charles Zwierz- services and Michele Dickens to senior graphic chowski to princi- distribution Rouhan pal from senior as- company. designer, Identity sociate, Marketing & Public Relations, Bing- Niles, 49, had ham Farms, from graphic designer. remaining as di- been executive rector of computer Niles vice president NONPROFITS operations; Eduar- since joining Budco in September do Blanc and 2006. She takes over her duties Sally Gustafson to clinical director of Derek Dinkeloo to from Chairman Perry Miele, who shared services home health care, senior associate, Evangelical Homes of Michigan, Ann from associate; assumed them when former President Bill Henry retired in Arbor, from manager, Arbor Home Thomas Barber to Care, Ann Arbor. Zwierzchowski associate, remain- February 2007. Miele led an Debra Hendren to housing resource ing as project architect; and James investor group that bought Budco manager, Community Housing Network Seaman to associate, remaining as pro- in March 2006 from founder Bud Inc., Troy, from program manager of ject designer. Brian. family support services and homeless Amy Chesterton to associate, Hamilton Niles obtained a bachelor of services department, Training and Anderson Associates, Detroit, remain- science degree in information Treatment Innovations Inc., Oxford. ing as registered landscape architect. technology from Madonna Andrew Cykiert to medical director, Also, Sybil Griffin to associate, remain- University in Livonia. hospice program, Visiting Nurse Associ- ing as director of human resources; ation of Southeast Michigan, Oak Park, Daniel Kinkead to associate, remain- tor, village of Holly Downtown Devel- from medical director, care manage- ing as registered design architect; and opment Authority. ment hospitalist service, Botsford Hos- Lori Singleton to associate, remaining pital, Farmington Hills. Also, Ami as lead site designer. HEALTH CARE Bhatt to clinical director, hospice pro- William Gordon to chief of staff, St. gram, from hospice triage nurse, Hos- EDUCATION Joseph Mercy Oakland, Pontiac, from pice On Call, Chicago; and Ryan Cherni- Walter Bryzik to chair of mechanical chief, division of cardiac surgery. awski to administrative director, engineering, Wayne State University, hospice program, from mobile adminis- Detroit, from chief scientist, U.S. HOSPITALITY trator-implementation manager, Heart- Army Tank Automotive Research, De- land Home Health and Hospice, Toledo, Rebecca Dickow to human resources Ohio. velopment and Engineering Center, manager of learning, The Ritz-Carlton, Warren; and adjunct professor and Dearborn, from public relations and graduate faculty member at Wayne marketing manager. SERVICES SOUTHFIELD AREA COMMERCIAL State. Vince Deane to vice president of sales INFO/TECHNOLOGY and operations, Bell Fork Lift Inc., FINANCE Clinton Township, from sales manag- REAL ESTATE SHOWCASE Chris Hamer to vice president of client Trudy Thornsberry to vice president of er. Also Lynn Bell to sales manager, services, Speedshape Inc., Birming- from assistant sales manager, and operations, Clayton & McKervey P.C., ham, from strategic marketing con- Southfield, from accounting services Dorothy Weber to senior sales coordi- Leading local and national brokerage firms display sultant, OakView Strategic Advisors, nator, from sales coordinator. group manager. Also, Tim Wise and New York. Also, David Pollock to vice Southfield area property listings for lease or sale.. Laura Carner to manager, from en- president of client Stephanie Ball to senior account man- gagement executive. services, from re- ager, Global LT Ltd., Troy, from art auctioneer associate, Park West Gallery, Thursday, April 10, 2008 Rodger Rowland to vice president, dis- gional sales man- Southfield. Also, to se- trict officer, Citizens Bank, Troy, from ager-Midwest di- Brett Edwards nior account manager, from area man- 7:30 - 10:30 a.m. vice president and district manager, vision, ager, The Nova Group, Osaka, Japan. Millennium Theatre east Michigan region, Huntington Pleasanton, Calif. Bank, Troy. SUPPLIERS 15600 J.L. Hudson Drive, Southfield, MI 48075 Keith Lightbody to senior vice presi- LAW dent of commercial lending special as- Ron Posa to direc- Call Rochelle Freeman at (248)796-4161 or Tom Branigan to sets and portfolio monitoring, Inde- the executive tor of control en- E-mail [email protected] for more info. pendent Bank, Troy, from vice committee, Bow- gineering, Advics president. man and Brooke North America Pollock L.L.P., Troy, re- Inc., Plymouth, GOVERNMENT maining managing partner. Also, from senior man- Lawrence Mann elected managing ager of control en- Judy Sproat to director of planning gineering. and economic development, city of partner, Detroit; Fred Fresard elected to New Baltimore, from executive direc- co-managing partner, Detroit; Samuel Douglas Grimm Nouhan to partner, Troy, from special CEO and member counsel; and Paul O’Neill to partner, of the board of di- Troy, from associate. rectors, Citation Posa Anna Maiuri re- Corp., Novi, from elected managing vice president, Global Ford, materials director, Miller, management and power train elec- Canfield, Pad- tronics and fuel operations, Visteon dock and Stone Corp., Van Buren Township. P.L.C., Troy, remaining as prin- TELECOMMUNICATIONS cipal and deputy Kevin Marheine to east regional sales leader, environ- manager, Controlled Power Co., Troy, mental and regu- from east regional sales coordinator. latory group. Also, Michael Maiuri McGee re-elected PEOPLE GUIDELINES managing director, Detroit, remaining as principal Announcements are limited to and the firm’s hiring chair; and management positions. Nonprofit Stephen Ott elected as managing di- and industry group board rector, Troy, remaining as principal. appointments can be found at Aleksandra Miziolek to co-leader of the www.crainsdetroit.com. Send infrastructure and project finance submissions for People to Joanne client service team, Dykema Gossett Scharich, Crain’s Detroit Business, P.L.L.C., Detroit, remaining as director 1155 Gratiot Ave., Detroit, MI of the business services department. 48207-2997, or send e-mail to Randall Hall to real estate and transac- [email protected]. Releases tional practice group leader, Plunkett must contain the person’s name, Cooney, Bloomfield Hills, remaining new title, company, city in which as shareholder. the person will work, former title, former company (if not promoted MARKETING from within) and former city in Frank Hutton to vice president of which the person worked. Photos sales, Imperial Marketing Inc., South- are welcome, but we cannot field, from vice president of sales, The guarantee they will be used. Nailco Group, Farmington Hills. DETROIT BUSINESS MAIN 04-07-08 A 29 CDB 4/4/2008 5:32 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 29 Medicare: Four area hospitals share $666 million settlement ■ From Page 3 pitals in the Warren-based St. John Health “We are happy to receive it. We felt we come on $1.8 billion in patient services rev- cus said. system and Novi-based Trinity Health, on should have been paid this all along,” enue, or a 0.9 percent margin. That is down In 2002, Baystate Medical Center in Spring- behalf of the now-closed Detroit Mercy Hospi- McGuire said. “It helps us offset some of the from 2007, when the system earned $42.9 field, Mass., sued Medicare for back pay- tal, which it owned. uncompensated care load we have seen re- million in profits on $1.7 billion in rev- ments. Eventually, 666 hospitals joined the Others include Sparrow Hospital in Lans- cently.” enue, a 2.5 percent margin. lawsuit. The hospitals won in federal court. ing; Spectrum Health in Grand Rapids, Foote But he added that St. John Health needs to The hospitals’ settlement with Medicare In 2006, the U.S. Supreme Court declined the Health System in Jackson and Covenant Med- look at cutting costs in several other areas of actually goes back to 1997, when the secre- government’s request for review. ical Center in Saginaw, Marcus said. its operations “to remain viable.” tary of the U.S. Department of Health and Hu- After two years of negotiations, Medicare Settlement payments for each hospital settled with the hospitals in early March, Last week, the system announced it will man Services ruled that hospitals should be range from $10,000 to more than $1 million, said Marcus, who was appointed by a feder- undertake a review that most likely will reimbursed for all indigent patients as op- he said. al judge to manage the claims with three Many of Detroit’s largest hospitals chose lead to management layoffs and service con- posed to those indigent patients who also other lawyers. not to participate in the lawsuit, he said. solidation. After six consecutive years of in- had other insurance. But Marcus said “We had to negotiate an allocation St. John Health is expecting a check for creasing profits, St. John is now in the sec- Medicare would not pay hospitals retroac- method because the hospitals were not a ho- $3.9 million for the three hospitals that were ond year of declining margins. tively. mogenous group,” he said. part of the lawsuit, said CFO Patrick In fiscal 2008 ending June 30, St. John is “The secretary’s interpretation signifi- Jay Greene: (313) 446-0325, McGuire. projecting $16.5 million in operating in- cantly reduced payments to hospitals,” Mar- [email protected]

WANTED: HEALTH CARE HEROES Crain’s Detroit Business is seeking nominations for Health Care Heroes, a special report on health care leaders that will run in the Aug. 11 issue. The program will honor top-notch medical innovators and patient advocates — the inspiring professionals who bring new meaning to the word dedication through their efforts to save lives or improve access to care. Our winners are chosen in four categories: Ⅲ Corporate achievement in health care: Honors a company that has created an innovative health benefits plan or that has solved a problem in health care administration. Ⅲ Advancements in health care: Honors a company or individual responsible for a discovery or for development of a new procedure, device or service that can save lives or improve quality of life. Ⅲ Physician: Honors a physician for exemplary performance. Ⅲ Allied health: Honors an individual from nursing or allied MichCon – at your door… health fields deemed exemplary by patients and peers. A panel of health care judges will choose the winners. Nomination at your service. forms are available at www.crainsdetroit.com/nominate. The deadline is May 19. Whether you want service connected, or you’re concerned about a possible gas leak, Questions? Contact Jennette Smith, one phone call is all it takes to bring MichCon service right to your doorstep. assistant managing editor, at [email protected] or (313) 446- In emergencies, our response time is among the best in the industry. 1622. For technical questions on the form, Your safety is our priority. When you call, you have peace of mind knowing we’ll contact Jennifer Dunn at (313) 446- 6786 or [email protected]. be there quickly. At MichCon, we’ve been ensuring customer safety, providing excellent service and bringing you all the beneﬁts of natural gas for more than 150 years. www.my.dteenergy.com BANKRUPTCIES Non-emergency phone number 1.800.477.4747 The following businesses filed for Chapter 7 or 11 protection in U.S. Emergency phone number 1.800.947.5000 Bankruptcy Court in Detroit March 28-April 4. Under Chapter 11, a company files for reorganization. Chapter 7 involves total liquidation. Diversified Products Inc., 35815 Clinton St., Wayne, voluntary Chapter 11. As- sets: $1,562,495; liabilities: $2,496,477. Jomar Building Co. Inc., 1550 Howard St., Detroit, voluntary Chapter 11. Assets and liabilities not available. ® Redford Food Services Inc., 9355 Tele- 5IF1PXFSPG:PVS$PNNVOJUZe =DTE graph Road, Redford Township, voluntary Chapter 11. Assets and liabilities not available. — Compiled by Jonathan Eppley DETROIT BUSINESS MAIN 04-07-08 A 30 CDB 4/4/2008 5:46 PM Page 1

Page 30 CRAIN’S DETROIT BUSINESS April 7, 2008 Credit: UMtopsOSU ■ From Page 1

SPONSORED BY bonds has been between 2.25 per- ple, has been AAA rated for eight cent and 3 percent, said Greg years, and county Executive L. Tewksbury, the university’s trea- Brooks Patterson visited Wall surer. Street last month to plead the coun- Join Michigan’s top engineers, scientists, architects, builders, UM got such low rates because ty’s case for a ninth year at the top. of its bond rating, he said, that it Wayne State University is rated Aa3 academics and executives as we gather for will save millions of dollars on the by Moody’s and AA- by S&P, both projects as the debt is retired. And very high ratings but not at the elite THE ENGINEERING SOCIETY OF DETROIT the bond rating is so level. Michigan State high because the University is rated Aa2 university, accord- You know the and AA by the same ANNUAL DINNER ing to the bond rat- “ agencies. ing agencies, has University of The state is rated featuring the 34th Annual ESD Construction and Design Awards and the rock-solid sources AA (S&P), AA- ESD Alpha Awards™ for Innovation in Engineering and Technology SPONSORSHIP of income and an Michigan won’t (Fitch) and Aa2 OPPORTUNITIES impressive finan- (Moody’s). Fitch low- cial history. go away. We’re a AVAILABLE ered Michigan to AA- “You know the last year, and the Including a University of Michi- very stable state calculated the Waterfront gan won’t go away,” source. downgrade would Tewksbury said. ” cost less than $1 mil- Reception on “We’re a very stable lion extra over the source. Since we’re Greg Tewksbury, the Detroit life of the bonds on a so stable, we’ve had University of Michigan River typical $100 million, very favorable in- 20-year bond issue. vestments over the years.” The city of Detroit, no stranger The school reached the AAA level with Moody’s in 2001 and with to fiscal hiccups, is rated BBB, the S&P in 2005. lowest of the investment-grade rat- The stadium project’s highlights ings. That’s actually an improve- include a new press box, the addi- ment, and Mayor Kwame Kil- tion of 83 luxury boxes and 3,200 patrick in his State of the City club seats. About $90 million from speech last month said Detroit the bonds will cover that work, would take advantage of its bol- and the remainder will be spread stered rating by selling $300 mil- across projects that include the lion to $330 million in bonds to pay June 12, 2008, at the GM Renaissance Center Wintergarden new business school, student hous- for upgrades for police, fire, recre- ing on UM’s Flint campus and a ation and other city departments, 248-353-0735 or www.esd.org softball stadium. Bonds will be among other things. sold again to cover the rest of the And Ohio State? Rated AA costs, Tewksbury said. across the board, a step below the UM is at the top of the heap, but Wolverines. other local schools and cities are do- Bill Shea: (313) 446-1626, ing well. Oakland County, for exam- [email protected]

INTERACTIVE MAP DETAILS CANDIDATES’ FUNDRAISING

Despite the fact he dropped out of Detroit. The largest of those came the race on Feb. 7, Republican from Rhonda Hennessey, a presidential hopeful Mitt Romney Romulus dentist, who donated still led in fundraising in Southeast $2,323. Management consultant Michigan through February, B.N. Badahur donated $2,300. according to an analysis of data Sen. Barack Obama generated from the Federal Election $291,228 from 474 donations, Commission. including $4,600 from Richard All of the data is available in an Mazur, who lists his occupation as interactive map at an investor for DBR Management www.crainsdetroit.com/campaign. in Madison Heights. Romney raised $1,815,501 from The interactive map was developed 1,313 donations in Southeast by Schaumburg, Ill.-based PSC Michigan, according to Group L.L.C. using a 8D8IB@JKI8K@FE@J=I<< Republican candidate race. John McCain, who Use of the map C`jkpfligifg\ikpYp8gi`c(- raised $777,258 from 577 comes with a cautionary note, contributions. Among his top however: The data is displayed contributors were William Young, nnn%YifneÔ\c[j)''/%fi^&Yk] CEO of Plastipak Packaging, and exactly as it appears in the FEC Richard Sable, an attorney with database, which means it may D’Agostini Sable & Ruggeri P.L.L.C. contain errors. Sometimes it may Both donated amounts in the appear that a person has given thousands of dollars. more than the maximum amount, Democratic Sen. Hillary Clinton but this could be an error that has was tops among Democrats. to be sorted out by the campaign Crain’s analysis shows she has or the FEC. raised $469,936 from 443 The data is updated and errors are D\[`Xjgfejfi '/$'+* contributions within 50 miles of corrected weekly. DETROIT BUSINESS MAIN 04-07-08 A 31 CDB 4/4/2008 5:49 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 31 Track: Airport noise is not perceived as problem for horses ■ From Page 3 chairman of Citizens Republic Bancorp in Ann ing Aqueduct Race Track near John F. dustry’s governing body and main trade year to build a $100 million track and enter- Arbor and owner of one of the state’s largest Kennedy International Airport in Queens, group, based in Louisville, Ky. tainment center by 2009 on a 212-acre site at horse stables. “We’re not thinking noise is New York. Aqueduct is about two miles Last year in Michigan, just $2 million was the northeast corner of Vining and Wick going to be a problem.” from JFK. bet on in-state thoroughbred races, said roads north of the airport. The company is get- Brace Pentony, who’s owned “I’ve never seen a horse react Liana Bennett, spokeswoman for the Michi- ting out of horse racing in Michigan because Willow Tree Riding Stables not far to a plane, said John Lee, direc- gan Office of Racing Commissioner. of continued losses. from the track for 20 years, said We don’t tor of communications for Campbell estimated Pinnacle will see $50 Pinnacle, when fully complete in 2009, jets overhead have never both- “ Aqueduct. million in betting this year. That includes will include 10,000 spectator seats, 20 luxury ered the 40 horses on his land. Calm horses mean calm bet- have hyped-up simulcast betting on races elsewhere. boxes, a large family picnic area and 200,000 “We don’t have hyped-up tors, something sought by the The new track, noisy or otherwise, will re- square feet of retail space. Plans submitted racehorses, but I don’t expect racehorses, but state’s racing industry. Michi- plenish the ranks of the Howell-based to the state include a 1-mile inner turf track there to be a problem,” he said. Pinnacle will be Michigan’s gan Horsemen’s Benevolence & Protective Associ- and a 1 1/8-mile outer dirt track. Temporary Tracks in the vicinity of air- I don’t expect lone thoroughbred course since ation, said its executive director, Gary Tinkle. seating will be used this year. ports are not unheard of be- Muskegon’s Great Lakes Downs The organization, made up of horse own- About $23 million will be spent this year cause both require large swaths there to be a closed in November. Ladbroke De- ers and trainers, has 600 members today, he of flat land, but the proximity of problem. troit Race Course in Livonia host- said. A decade ago, when Ladbroke left De- on construction, and another $50 million Pinnacle and Metro could be ” ed the last metro Detroit thor- troit, the association had 1,500 members. next year, Campbell said. troublesome, said Frank Angst, oughbred races. It closed in “It’s an industry that’s been in decline,” The Wayne County Board of Commissioners on Bruce Pentony, senior writer for the weekly December 1998. said Campbell, who’s forging ahead without Thursday approved the sale of the land to Willow Tree Riding Stables Lexington, Ky.-based Thorough- The state in October granted the slot-machine revenue that tracks nation- Campbell for $1. The deal requires the cre- bred Times trade magazine. Campbell a 2008 schedule of 63 wide have come to lean on more and more. ation of at least 1,100 jobs by 2014 or Campbell “It’s not too uncommon, but this could be racing dates starting July 18 and wrapping Any expansion of gambling in Michigan re- must pay the county $50,000 an acre. more drastic,” he said. “But horses can get up in November. quires a statewide referendum, and no “ra- About 1,400 jobs will be permanent posi- used to a lot of things.” There was $14.7 billion in wagering on U.S. cino” legislation has been proposed. tions at the track and 1,740 more will be in Horse racing insiders point out that sev- thoroughbred races in 2007, according to the Campbell stepped in after Ontario-based the retail portion, Campbell said. eral major tracks are near airports, includ- National Thoroughbred Racing Association, the in- Magna Entertainment Corp. halted plans last Bill Shea: (313) 446-1626, [email protected]

Dauch: Labor’s hero falls from grace during contract negotiations ■ From Page 3 Dauch became a local working- American Axle workers were in- Workers there expected to build The UAW suspects the work will man’s folk hero. He invested $3 bil- RICHARD E. DAUCH censed, she says. The company axles for the next-generation 2009 go to an American Axle plant in lion, mostly in upgrading Ameri- was highly profitable. In 2003, Chevrolet Camaro muscle car. But Mexico. If so, American Axle must can Axle’s U.S. operations. He Ⅲ Title: CEO, American Axle & Dauch was the highest paid execu- after the union local declined to ship the axles almost 2,000 miles to Manufacturing Holdings Inc. rejuvenated a rundown Detroit tive in the auto industry, with agree to contract concessions, Buf- Oshawa, Ontario, where the Ca- Ⅲ Age: 65. salary and bonus, including exer- falo employees were told in Sep- neighborhood by building Ameri- maro is assembled. The trip from Ⅲ Education: B.S., Industrial cised options, of $30.1 million. tember 2006 that Camaro axles can Axle’s headquarters there. Buffalo would have been 120 miles. And he endeared himself to work- Management, 1964, Purdue An earlier Dauch-UAW con- would be built elsewhere. A little The UAW is on notice: Former ers, arm-wrestling them on the as- University. frontation was a precursor to the more than a year later, American hero Dauch will go the distance to sembly line and remembering Ⅲ Previous employers: GM, current strike. It flared at the Buf- Axle idled its Buffalo plant. many of them, and their children, Volkswagen, Chrysler. falo Gear, Axle & Linkage plant in The company hasn’t said where get what he wants. by name. Ⅲ Family stake in American Axle: Buffalo, N.Y. the Camaro’s axles will be built. From Automotive News Most important, he paid wages 17.4 percent, worth $196 million. and benefits equivalent to those at Ⅲ Total compensation since larger auto companies. 1997: $257 million. But there’s a less-flattering side, Source: American Axle & Manufacturing says Wendy Thompson, a retired Holdings; UAW Cross-platform integration: online, ex-president of UAW Local 235. The But now those workers find local represents workers at Ameri- themselves on the other side of the print and direct marketing. can Axle’s main axle complex in line of scrimmage from a deter- Detroit. mined Dauch. Dauch privately can be autocrat- Take advantage of the power of the Workforce Management The UAW says American Axle brand with an integrated campaign across all our platforms. ic, vindictive and prone to using has kept the union partly in the salty language on the factory floor dark during most of the negotia- to dress down supervisors in front Print: top titles, top companies. tions. It took more than five weeks With our twice-monthly frequency and quality content, of their hourly counterparts, into the strike for American Axle Thompson says. “One supervisor’s Workforce Management magazine has become the preferred HR to provide financial information magazine for forward-thinking executives. (52,801 subscribers*) hands began shaking when he that the UAW says it was legally found out Dick was in the plant.” entitled to at the outset of talks. Online: the largest audience in HR is also the most For a long American Axle denies it has with- targetable. time, rank-and- held data. file workers en- Workforce.com has the largest reach of any media vehicle in Dauch has taken a hard line be- HR, with a member base of 394,259* registered users. joyed Dauch’s fore. He doesn’t like booze around giving man- his plants. In 1996, he quietly agers such Direct marketing: opt-in lists of print and online bought nearly a half-dozen bars subscribers. rough treat- and liquor stores around his De- Selectively target a premium ment, in effect troit plants, then bulldozed them. audience, or maximize reach holding them to He cited the negative impact of al- the same de- with the industry’s largest cohol on industrial safety. lists. We offer both postal and Andersson manding stan- American Axle’s honeymoon dards as labor- e-mail lists of responsive and with labor began to change by receptive opt-in subscribers. ers, she says. They responded by 2004, Thompson says. That’s when working hard for American Axle. Dauch insisted on getting approval It showed in stellar quality and de- to pay new hires a lower wage than For more information contact: livery records, confirms Bo Ander- current workers, after the UAW Linda Hutton sson, GM’s group vice president made that concession to money- Direct Response Sales Manager for purchasing and supply chain. losing Delphi Corp. (313) 446-6020 [email protected]

* Workforce Management magazine subscribers as of February 18, 2008. Workforce.com registered users as of December 31, 2007. DETROIT BUSINESS MAIN 04-07-08 A 32 CDB 4/4/2008 6:35 PM Page 1

Page 32 CRAIN’S DETROIT BUSINESS April 7, 2008 DeVos: MSHDA chief changed the rules, developers balked ■ From Page 1 DeVos proposed to revamp the not in line with national trends. rather make it even harder to in- A stern review QAP to give the lucrative work to A LOOK AT APPLICANTS Giving a preference to envi- vest in Michigan, Logue said. developers outside a small circle; ronmentally friendly develop- “It wasn’t going to be sufficient The independent review was to focus on housing needs in De- Crain’s reviewed three ment, Levine said, following the to new investors or old investors,” equally unkind to DeVos and his troit, Hamtramck and Highland representative applications national trend. he said. “This put Michigan on a plan. Park; and ensure housing is built entered in the 2007 round of tax Requiring developers to find low rung of investor appeal.” Boston-based Recap Advisors is- credit applications. for those with special needs. two investors to purchase tax cred- He said complaints against an sued a 49-page report on March 17. His actions stirred controversy In each case, the developer its, instead of one, to ensure they “urban agenda” are misplaced. The group gave the plan to hous- proposed a rental development, are finding the best deal. “These foundations invest in ur- in the development community. found lending and found investors ing experts in other states for re- Developers argued the guidelines willing to purchase the tax credits ban areas,” he said. “That wasn’t view and compared Michigan’s were too strict and didn’t allow the allocated to the project. Developers erupt the issue. The issue was a plan that proposed QAP with other states. market to dictate decisions. All of the applications were wasn’t conducive to drawing in- “The policy imperatives that the Since DeVos’ resignation, a reviewed by the Michigan State During the public comment pe- vestors.” 2008-09 QAP seeks are valid and Boston-based consultant hired by Housing and Development Authority riod leading up to the MSHDA worthy for Michigan, and achiev- the MSHDA board issued a report then entered in a lottery if they board’s vote on the plan, nearly 200 Pass and fail able even in this difficult market complied with the Qualified saying that neither the QAP creat- letters were received from people DeVos’ plan passed the MSHDA environment, but are undone by ed before DeVos nor his proposed Allocation Plan. Of the 114 interested in the process, DeVos board Dec. 6 with seven “yes” applications, 88 qualified and 26 the QAP’s implementation, which QAP offers enough flexibility and said in his written comments to votes and one abstention, Levine were chosen out of the lottery. creates needless obstacles, prob- incentives to draw investors to the MSHDA board before its vote Those not chosen in the lottery can said. However, approval by lems, and ambiguities that under- Michigan. The group calls for on the QAP. reapply. The three are: Granholm’s office was needed be- mine the QAP’s goals and risk “emergency actions,” saying that Amid the letters, DeVos found a fore implementation. And that Michigan being unable to use all if the $180 million to $200 million firestorm of complaints. process wasn’t as smooth. its 2008 (tax credits) and losing it to in equity isn’t found, it goes back ■ Perry Square The changes were completely A Dec. 21 letter signed by wrong for the current housing en- a national pool,” Recap wrote in to the federal government to be al- 17250 Raupp Ave., Melvindale Granholm accused DeVos and the vironment, said Scott Larry, head the report’s first paragraph. located rather than by Michigan. Township MSHDA board of threatening to of the Michigan Housing Council, an Recap urged Michigan to “re- Developer: Shelborne Development block future allocations of new de- advocacy group representing development unless she approved duce obstacles” for developers to Type of project: 24-unit rehab A vision and a dictate velopers who do work for MSHDA. the new plan. Granholm, in the let- preserve housing stock, eliminate Total project cost: $3 million DeVos, who said through former “The market zigged, but he ter, called that “unacceptable.” the “hold-backs,” such as the De- co-workers that he will not do in- 10-year tax credit proceeds: $2 zagged,” he said. “The changes She went on to demand the troit, Hamtramck and Highland million terviews, spent his professional would have been right four years board’s vote be rescinded, that the Park guideline, and put money in life in Maine. He had been director Developer fee and overhead: ago or maybe 10 QAP carry on un- use as quickly as possible. $390,000 of development for the Maine State years from now. der old rules and The consultants said changes Housing Authority since 1995. Builder profit*: $114,000 But they are The market an expert be need to be made by the third quar- Harvard-educated, DeVos started Management fee*: $70,600/year wrong now.” “ hired to review ter and issued a stern warning. as a real estate salesman in 1982 and Annual income, less operational In a 21-page let- zigged, but he the plan. If the low-income housing devel- became a developer in 1984. In 1991, costs: $90,600 to $109,200 ter Larry wrote to Levine said the opments proposed in Michigan are he entered the nonprofit world with Status: Approved DeVos and the zagged. The changes governor’s staff not paired with willing investors, a position at Resources for Community MSHDA board, he misinterpreted money will go unused. Money that called it “burden- Development, which is dedicated to ■ would have been the situation: that is unused goes back to a national Phoenix Place Apartments some” to develop- creating affordable housing. tax credits would pool overseen by the federal gov- 47251 Woodward Ave., Pontiac ers and said it “ig- DeVos, who is not related to the right four years ago still be issued and ernment. Type of project: 200-unit rehab nores national DeVos family of Amway fame, was were not being As it is, Michigan receives more trends, severely or maybe 10 years recruited to Michigan. Developer: Amurcon Corp. used as a chit to federal housing money than 45 oth- restricting incen- force passage of “I am approaching my move to Total project cost: $13.7 million er states, according to Recap, Michigan and the Michigan State tives for the from now. But they the QAP. 10-year tax credit proceeds: $7.7 putting it in a leveraged position. Housing Development Authority preservation of af- “Her staff was million “Right now, there is a very mate- as a challenging journey that will fordable housing.” are wrong now. fully briefed,” she Developer fee and overhead: $1 rial risk that MSHDA will be a net give me a chance to work in a field He said the ” said. “Many million Scott Larry contributor to the national pool — that is near and dear to me,” he state should be us- times.” Management fee*: $81,600/year Michigan Housing Council and with 45 other states having a said in a press release announcing ing creativity and Asked about his appointment in 2005. Annual income, less operational incentives in part- the letter and De- higher relative demand than He was an outsider with a vi- costs: $494,700 to $708,800 nership with the private sector to Vos’ resignation, the following Michigan; if the Michigan (tax sion, said Mary Levine, who was Status: Qualified, but was not create housing that is economical- statement was released: credit) becomes available, other hired by DeVos last year to serve chosen in the lottery ly successful and useful to con- “Mr. DeVos was very committed states will likely capture it.” as director of legal affairs. She is sumers, rather than using “cram- to his work and we appreciate his currently acting director of admin- ■ Woodlake Hills downs” to change the nature of service in this very important ‘Tone deaf’ istrative services. housing. area. We know the board and the 30100 Telegraph Road, Levine admits many of the devel- agency staff will continue to work Despite the barrage of negative “Here’s a guy from Maine, he Bingham Farms opers are not ready for changes, but together to ensure that their im- opinions, DeVos kept a positive doesn’t know anybody. He doesn’t Type of project: 144-unit rehab look like a developer or talk like a she said some developers found a portant work continues.” spin on his administration as he Developer: Lockwood Cos. developer,” she said. “He had a way to use the QAP. The housing MSHDA Chairman Bernie left the office. mission statement, a vision state- Total project cost: $9.8 million council continued to lobby against Glieberman responded to In a goodbye letter written to the ment and he just went and did it.” 10-year tax credit proceeds: $5.2 the plan and against DeVos. Granholm with a letter dated Feb. MSHDA staff, he painted a picture million DeVos attempted to change the “When you think you’re in con- 7, indicating the board’s desire for of the successes of his term and the landscape of low-income housing Developer fee and overhead: $1 trol of a process, and then you find an outside consultant to review good financial condition the million by introducing stronger regula- out that you are not in control,” the plan, per Granholm’s request. agency is in. Builder profit*: 176,700 tions for developers to follow. The she said, “you start complaining.” Glieberman said the outside in- “It has been both the most chal- state’s QAP had undergone minor Management fee*: $56,300/year put is not a slam against DeVos or lenging and most rewarding three changes since Gov. Jennifer Annual income, less operational the staff but a step to help simplify years of my career,” he wrote. costs: $1 million to $1.4 million Investor demand Granholm was elected. Changing the process. “There has been a significant level Status: Was not entered in the that process was a dictate from the Jim Logue, MSHDA director Mario Morrow, director of com- of change during this time, all of lottery administration, Levine said. from 1991 to 2004, is now COO for munications for the Department of which will make MSHDA more ef- the Lansing-based Great Lakes Capi- Labor and Economic Growth, At the heart of the process were *Builder or management company fective at fulfilling our mission, so is listed on the application as a tal Fund, which raises capital from which oversees MSHDA, said De- structural problems, she said. A that we may benefit the people and major issue: The same developers “related entity” of the developer. investors, finds developments that Vos’ resignation came after “stale- communities we serve.” were getting all the grants and — Daniel Duggan qualify for credits, and then passes mates” between the board and de- Levine — who has worked in building housing in areas where it on the tax benefits to the investors. velopers. state government since the 1970s wasn’t needed. jects. In addition, some also earn In the midst of a national short- “For the betterment of the de- — said DeVos was well-inten- “They had a system in place that fees for owning, building and manage of lending, it is becoming hard- partment, Mr. DeVos and the was in place for a long time,” she aging the projects. (See box, above.) er and harder to find investors will- board came to an agreement that a tioned but may not have been as said. “They were building plain- Major changes were: ing to lend money for any kind of separation needed to take place,” tuned-in to problems as he should brown wrappers dropped into A mandate that 50 percent of real estate, he said. Tax credits are he said. “Therefore, he resigned.” have been. cornfields. They got really good at all housing developments be built currently selling for around 80 Whether the QAP and developer “He was a little tone deaf,” she it. It was like producing widgets. in Detroit, Hamtramck and High- cents on the dollar but are getting uproar is linked to DeVos’ resigna- said. “He tried to change the deal “Developers did a lot of new con- land Park, where there is the great- lower each quarter. tion, Glieberman would only say that (developers) were so used to. struction. It was easy for them, est need right now, Levine said. “The yields on real estate invest- “his philosophies and the board’s He oriented the process to the and they made a lot of money.” A requirement that 10 percent ment will need to go up in order to were different; therefore, he felt it homeless, not the developers. And As part of the process, develop- of the developments be for “sup- attract investment,” he said. was time to move on.” Glieberman they pushed back.” ers are paid fees of up to $1 million portive living,” or special-needs The approaches in the plan don’t would not elaborate on the differ- Daniel Duggan: (313) 446-0414, for the risk of overseeing the pro- residents. Levine said Michigan is make the process easier, but ence in philosophy. [email protected] DETROIT BUSINESS MAIN 04-07-08 A 33 CDB 4/4/2008 6:04 PM Page 1

April 7, 2008 CRAIN’S DETROIT BUSINESS Page 33

Senate bill would eliminate MBT surcharge in 2011 www.crainsdetroit.com EDITOR-IN-CHIEF Keith E. Crain PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] LANSING — Changes It was unclear last Fri- lowed the deduction, but state offi- gross receipts of less than $20 mil- EXECUTIVE EDITOR Cindy Goodaker, (313) 446- to the new Michigan day what Jansen’s bill cials interpreted the law differently. lion and adjusted business income 0460 or [email protected] Capitol Another bill sent to the floor, of less than $1.3 million — but ex- MANAGING EDITOR Andy Chapelle, (313) 446- Business Tax are contin- would cost, but he said 0402 or [email protected] uing to bubble up in the Briefings he plans to identify sav- Senate Bill 1198, would among oth- ceed the third test. ASSISTANT MANAGING EDITOR/FOCUS Jennette er things make it easier for small The NFIB has suggested that Smith, (313) 446-1622 or [email protected] Legislature, including in ings or reforms that BUSINESS LIVES EDITOR Michelle Darwish, (313) a bill to phase out a 21.99 would compensate for businesses to qualify for an alter- owner income limits be indexed to 446-1621 or [email protected] native tax calculation and credit inflation, as are the two other COPY DESK CHIEF Gary Piatek, (313) 446-0357 percent surcharge on revenue loss. or [email protected] the tax. His bill was intro- in the MBT. qualifiers. GRAPHICS EDITOR Nancy Clark, (313) 446-1608 or [email protected] Senate Bill 1242, spon- duced March 27 and re- The bill adjusts two of three Cassis’ bill would raise the ad- qualifiers that businesses must justed business income limit from COPY EDITOR Vic Doucette, (313) 446-0410 sored by Mark Jansen, ferred to the Senate Fi- or [email protected] meet for the credit by increasing $1.3 million to $1.5 million. DATA EDITOR Anne Marks, (313) 446-0418 or R-Gaines Township in nance Committee, which [email protected] the allowable limits for adjusted Separately, the bill would also Kent County, would re- on the same day dis- WEB GENERAL MANAGER Alan Baker, (313) 446- business income and the income expand an entrepreneurial credit 0416 or [email protected] duce the surcharge to Amy Lane charged two bills that of business owners and officers. that’s available under the MBT WEB EDITOR Kevin Hill, (313) 446-0473 or 14.66 percent in 2009, to make additional MBT [email protected] In regards to the latter, current- and lower related thresholds for WEB DESIGNER/PRODUCER Ai-Ting Huang, (313) 7.33 percent in 2010 and eliminate changes. They were sponsored by ly no owner, partner, member or job creation and investment. 446-0403, [email protected] RESEARCH ASSISTANT Joanne Scharich, (313) it in 2011. committee chair Nancy Cassis, R- shareholder can have income of 446-0419 The surcharge was added to the Novi. more than $180,000. The bill would EDITORIAL SUPPORT Anita Duncan, (313) MBT late last year, which enabled New contract 446-0329 One measure, Senate Bill 1217, raise that limit to $250,000. NEWSROOM (313) 446-0329, FAX (313) 446- the state to replace the widely un- specifies that material costs for It’s a significant change, said Ⅲ The state has awarded a $285 1687 TIP LINE (313) 446-6766 popular tax on services. But a host construction projects are de- Charlie Owens, director of the Na- million contract for a major up- REPORTERS of business groups have called for ductible, helping to mitigate major tional Federation of Independent Busi- grade of state lottery operations to Robert Ankeny: Covers the city of Detroit, Wayne County government, and law. (313) 446-0404 or reduction or repeal of the sur- tax increases that contractors ness-Michigan. Providence, R.I.-based Gtech Corp. [email protected]. charge and are looking at ways the would otherwise face. He said many small businesses Amy Lane: (517) 371-5355, Sherri Begin: Covers nonprofits and services. (313) 446-1694 or [email protected] Legislature can accomplish that. The industry thought the MBT al- meet the other two qualifiers — [email protected] Daniel Duggan: Covers real estate and hospitality. (313) 446-0414 or [email protected] Jay Greene: Covers health care, insurance and the environment. (313) 446-0325 or [email protected]. Chad Halcom: Covers education, non-automotive manufacturing, defense contracting and Oakland and Macomb counties. (313) 446-6796 or MEGA: [email protected]. Changes to aid Michigan businesses Tom Henderson: Covers banking, finance, technology and biotechnology. (313) 446-0337 or ■ From Page 1 [email protected]. Nancy Kaffer: Covers small business and retail. (313) 446-0412 or [email protected]. nating the Michigan vs. non-Michigan compar- Bill Shea: Covers media, advertising and ison that companies now must make. marketing, entertainment, the business of sports, and transportation. (313) 446-1626 or Mark Morante, director of policy and legisla- [email protected]. tive affairs at the Michigan Economic Develop- Nathan Skid: Multimedia reporter. Also covers theh food industry. (313) 446-1654, ment Corp., said the requirement can effectively [email protected]. force companies to look elsewhere to seek com- LANSING BUREAU petitive offers, and “that’s not necessarily al- Amy Lane: Covers business issues at the Capitol, telecommunications and utilities. (517) 371- ways a good thing.” 5355, FAX (517) 371-2492, [email protected]. or Instead, companies must show why the pro- 115 W. Allegan, Suite 220, Lansing 48933. ADVERTISING ject is necessary and what the credit will do to ADVERTISING DIRECTOR Marla Downs, (313) advance the project, and the MEGA program 446-6032 or [email protected] will evaluate that when deciding the size and SALES INQUIRIES: (313) 446-6052; FAX (313) 393-0997 length of tax credit, Morante said. ADVERTISING SALES Jeff Anderson, Terri The bill reduces from 100 to 50 the minimum INDIANA PITCHES FOR MICHIGAN BIZ Engstrom, Matthew J. Langan, Tamara Rokowski, number of new jobs a business must create or Cathy Ross, Dale Smolinski LANSING — Indiana is spending about $25,000 signed legislation to cut and cap property taxes. WESTERN ACCOUNTS Ellen Mazen (Los Angeles) retain to qualify for a MEGA tax credit. (323) 370-2477 to promote itself on billboards (above), in radio The state took over some costs that were on CLASSIFIED MANAGER Melissa McKay, (313) The bill also provides for MEGA tax credits ads running in Lansing and in an upcoming local property tax rolls and is paying for those 446-1692 targeting historic buildings in downtowns. And direct-mail campaign targeting Michigan costs by raising the sales tax from 6 percent to CLASSIFIED ACCOUNT EXECUTIVE Greg the measure changes the state’s credit limits, business executives, site consultants and other 7 percent, redirecting some sales tax revenue Evangelista, 313-446-1655 MARKETING DIRECTOR Michelle Minor from annually granting up to 25 new tax credits decision-makers “who are deciding where their and tapping gaming revenue. EVENTS MANAGER Nicole LaPointe of up to 20 years each under the general MEGA next investment is going to occur,” said Nathan Feltman said that both Michigan’s increase in its MARKETING ASSISTANT Jennifer Dunn program to instead allow the state to annually Feltman, Indiana secretary of commerce and income tax, from 3.9 percent to 4.35 percent, MARKETING ARTIST Sylvia Kolaski CEO of the Indiana Economic Development Corp. SALES SUPPORT Suzanne Janik, Andrea sign agreements totaling up to 400 credit years. and the replacement of the single-business tax Beckham, YahNica Crawford Clarke’s bill also expands the state’s use of a Indiana in 2002 did a tax restructuring that with the new Michigan Business Tax were CIRCULATION Candice Yopp, Manager. “clawback” provision in MEGA agreements, phased out its business inventory tax and factors in the increased efforts directed at PRODUCTION MANAGER Wendy Kobylarz eliminated a gross-receipts tax, leaving it with a and requires a business to repay tax credits if it Michigan. Indiana is also targeting Illinois with PRODUCTION SUPERVISOR Larry Williams, tax based on business income. Like Michigan, it (313) 446-0301 moves jobs outside Michigan during the agree- has passed measures to encourage in-state its promotion. SUBSCRIPTIONS (313) 446-0450, ment and for a period of years after the agree- (888) 909-9111 investment, and last month Gov. Mitch Daniels — Amy Lane TO FIND A DATE A STORY WAS PUBLISHED: ment ends, as determined by the MEGA board. (313) 446-0367 or e-mail the Crain Information Center at [email protected]. tractions and associated or historic lodging es- es, the bill would carve out a seven-year tax CRAIN’S DETROIT BUSINESS IS PUBLISHED BY Building company clusters tablishments to qualify for MEGA tax credits. credit that would be up to 200 percent of the CRAIN COMMUNICATIONS INC. Morante said another provision would make sum of payroll and health benefits attributed to CHAIRMAN Keith E. Crain Two bills awaiting Granholm’s signature — PRESIDENT Rance Crain it significantly easier for small but high-wage new employees, multiplied by the personal in- SECRETARY Merrilee Crain Senate Bill 1115, sponsored by Jason Allen, R- businesses to qualify for MEGA, targeting “cre- come-tax rate, for the credit’s first three years. TREASURER Mary Kay Crain Traverse City, and House Bill 5858, sponsored Executive Vice President/Operations ative class” industries such as architecture and For the remaining four years, the maximum William A. Morrow by Ed Clemente, D-Lincoln Park — could help credit would be 100 percent of those factors. Group Vice President/Technology, the state build clusters of business investment design, advertising and marketing. Such firms Manufacturing, Circulation would need to pay an average wage of 300 per- Robert C. Adams around “anchor” companies in targeted high- Vice President/Production & Manufacturing technology industries such as alternative ener- cent or more of the federal minimum wage. Deal-closing fund Dave Kamis Corporate Director/Circulation gy and advanced manufacturing. Also in the works, and not in need of legisla- Patrick Sheposh Allen’s bill allows an anchor company that G.D. Crain Jr. Founder (1885-1973) Tax credits for federal contracts tive action, is an $18.7 million fund that will Mrs. G.D. Crain Jr. Chairman (1911-1996) attracts other suppliers or customers, or influ- provide upfront loans against future tax credits EDITORIAL & BUSINESS OFFICES: ences suppliers or customers to expand, to re- Senate Bill 1188, sponsored by Jud Gilbert, R- to help the state close economic-development 1155 Gratiot Ave., Detroit MI 48207-2732; (313) ceive a credit based on the value of personal in- Algonac, allows an individual or group of peo- 446-6000 deals. Cable address: TWX 248-221-5122 AUTNEW DET come taxes generated from the new jobs. The ple that create new jobs as a result of winning The Choose Michigan Fund, which had been Subscriptions $59 one year, $98 two years. Out of anchor could be in one part of the state while certain federal contracts to receive an MBT state, $79 one year, $138 for two years. Outside credit. The eligibility applies to procurement proposed in 2007 but was put on hold amid bud- U.S.A., add $48 per year to out-of-state rate for suppliers or customers could be in another. surface mail. Clemente’s bill targets anchor companies contracts with the U.S. Department of Defense, get-balancing efforts, is expected to be capital- Reprints: For inquiries call the reprints department ized through the state’s 21st Century Jobs Fund. at: (800) 494-9051, Ext. 144 , or at that attract suppliers or customers in the same Department of Energy or Department of Homeland [email protected] The board of the Michigan Strategic Fund ap- area. The anchor could receive an MBT credit Security. CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 is equal to a maximum 5 percent of the taxable proved the loan fund’s creation in December, published weekly except for a double issue the second week in August by Crain Communications value of each supplier’s or customer’s property and it’s expected to be launched later this year. Inc. at 1155 Gratiot Ave., Detroit MI 48207-2732. Credit for health care coverage A deal-closing fund is one measure that eco- Periodicals postage paid at Detroit, MI and additional within a 10-mile radius of the anchor company. mailing offices. POSTMASTER: Send address Senate Bill 1190, sponsored by Tupac Hunter, nomic developers seek as important. Several changes to CRAIN’S DETROIT BUSINESS, Circulation D-Detroit, would add the cost of health care other states, including Texas, Florida, Indiana, Department, P.O. Box 07925, Detroit, MI 48207- Promoting tourism, ‘creative class’ 9732. GST # 136760444. Printed in U.S.A. benefits attributable to new jobs into the com- Ohio and North Carolina have discretionary Entire contents copyright 2008 by Crain Communications Inc. All rights reserved. Senate Bill 1187, sponsored by Tony Stamas, putation of the MEGA credit. funds for such purposes. Reproduction or use of editorial content in any R-Midland, would allow destination tourism at- And for qualified high-technology business- Amy Lane: (517) 371-5355, [email protected] manner without permission is strictly prohibited. DETROIT BUSINESS MAIN 04-07-08 A 34 CDB 4/4/2008 6:16 PM Page 1

Page 34 CRAIN’S DETROIT BUSINESS April 7, 2008 RUMBLINGS WEEK IN REVIEW FROM WWW.CRAINSDETROIT.COM, WEEK OF MARCH 28-APRIL 4

city ordinances meant to communications at BAE for a job. limit the number of liquor Kilpatrick gives Ground Systems’ headquar- Toyota Motor Corp. says stores in Brush Park, Zac- ters in York, Pa., said the it’s establishing a North High-camp American research insti- caro’s had been unable to decision on an expansion obtain a license to sell beer economic that would add 150-300 posi- tute at its technical center and wine. But Warner said tions was held up on sever- in Ann Arbor and plans to that issue could be resolved al issues. BAE Systems has spend $100 million during stimulus the next four years on ad- horror, rock- this week — she’s sched- two facilities in Sterling uled to go before the city’s Heights, which is in con- vanced research activity. Board of Zoning Appeals on tention with Santa Clara, Rochester Hills-based Tuesday. package Calif.; Aniston, Ala.; and T-Systems is moving its Beer and wine sales are York for the expansion. headquarters to Houston to bottom rates expected to account for ayor Kwame Kil- fulfill the terms of a con- about 25 percent of the mar- patrick presented a tract to take over Royal he recession specter mands a weekly viewership ket’s business, Warner said. M $300 million to $330 Chrysler plans IT layoffs Dutch Shell’s data systems. looms and times are of 14,000 area residents over million economic stimulus Chrysler L.L.C. is outsourc- Northwest Airlines Corp. T scary for some local age 18, said Kelly and Sarah package to Detroit City Coun- CEO Doug Steenland can ing some information-tech- Norat-Phillips, station gen- BITS & PIECES startups or small business- cil Wednesday. The mayor nology work to India-based leave his job voluntarily eral manager. es — so perhaps it’s fitting Michigan had 176,100 proposes funneling $29 mil- Tata Consultancy Services and during June and get a bonus TV 20 plans to switch the that a few are marketing tech jobs in 2006, down lion a year for 30 years of Virginia-based Computer Sci- of at least $7.8 million, the program to an earlier time themselves to those who about 1,500, but remained casino tax revenue to fund ences Corp. in a move that Associated Press reported. on Saturdays starting April love a good fright. ranked No. 10 in the U.S. for the bond package. will eliminate about 200 of Visteon Corp. CEO 26 because of promising Anthony That at least is the mar- total tech jobs, according to Deputy Mayor 1,000 full-time employees, Michael Johnston earned a early viewership numbers. Adams said the administra- keting strategy of Mac Kelly “Cyberstates 2008,” a report the Associated Press report- base salary of $1.34 million tion hopes to have City of Madison Heights, by Washington- ed. Several hundred IT con- in 2007, up from $1.05 million Council approval in May owner of Mac Kelly based AeA, the tract workers also will lose in 2006, Automotive News re- and to take the bonds to Productions L.L.C. and largest technology their jobs. ported. His overall compen- host Wolfman Mac trade association in market by late May or early sation totaled $8.39 million, on “Nightmare Sine- the country. June, with JPMorgan Chase down 22.2 percent from 2006. ma,” the high-camp Michigan’s Chil- & Co. and Loop Capital Mar- Beaumont plans $204M Ilitch Charities, the new horror theater pro- dren will honor De- kets L.L.C. handling the sale. Royal Oak expansion name for Ilitch Charities for duction airing Fri- troit Medical Center The proposal calls for the Children, Tuesday an- day nights on WMYD- President and CEO issuance of at least $200 mil- William Beaumont Hospital nounced $25,000 grants to TV Channel 20. Michael Duggan on lion in tax-free bonds for plans to build a new emer- Detroit Renaissance and the Kelly, who has April 30 at its fifth capital improvements and gency department, a 36-bed United Way for Southeastern been buying airtime annual Heroes at least $100 million in tax- intensive care unit, add Michigan. The new name re- at a reduced rate Night. The event able securities to fund a $75 four operating rooms and flects a broadened scope be- from the station for will be at the De- million budget-stabilization 173 observational and yond children’s programs. his cult-following troit Branch of the fund, a $15 million entre- short-stay rooms in a pro- The state Department of show since March Reduced rates are being offered to small Federal Reserve Bank preneurship loan fund, and posed 346,000-square-foot Community Health says up to businesses advertising on ‘Nightmare Sinema.’ 14, also has ap- of Chicago. Also be- a $10 million fund to help project on the north side of 10,000 of the states’s 41,785 proached local busi- ing honored is Cen- residents facing foreclosure its Royal Oak hospital. licensed physicians may re- ness groups such as the Ma- ter for Health Care Quality and or to help with weatheriza- If its $204 million certifi- tire over the next 10 years. comb County Chamber and Zaccaro’s to open April 10 Transformation Director Mari- tion or structural improve- cate-of-need request is ap- Israeli automaker Tom- ments to their homes. Open City Detroit. He’s offer- The earlier opening date anne Udow and outgoing proved by the state Depart- car USA began mass producing small businesses a The mayor’s wish list ment of Community Health, it for the much-anticipated Michigan’s Children Presi- tion Tuesday of recreation- chance to produce and air also includes renovations could be completed in 2011. gourmet shop Zaccaro’s Mar- dent and CEO Sharon Peters. al off-road vehicles in advertising spots on the Alternatives for Girls will to Belle Isle, Rouge Park ket in Detroit has been post- Auburn Hills, Automotive cheap during his broadcast hold its 19th-annual Role and Historic Fort Wayne; poned. But the grocer has News reported. Tomcar ex- in order to recoup his costs. Model Dinner and fundrais- reconstruction of Hart ON THE MOVE good news: It may open with pects to produce up to 3,000 Spots range from $75 for er at the Detroit Institute of Plaza and demolishing Ford Dr. W. Douglas Weaver, its liquor license in place. units this year after out- 30 seconds to $125 for 60 sec- Arts April 17 at 6 p.m. Auditorium. division head of cardiovas- sourcing its manufacturing Zaccaro’s, 3100 Wood- onds or $150 for in-program- To be honored: Linda cular medicine at Henry Ford operations to EDAG Inc. ward Ave., will open April ming sponsor plugs. On-site Forte, senior vice president Hospital, has been named Federal prosecutors 10, said Cindy Warner, man- Appaloosa ends $2.55B video production work is of business affairs for Com- president of the American have indicted La-Van also available from $500 to aging partner of parent erica Bank; Minnie Pearce, investment pact with Delphi College of Cardiology. Hawkins on nine counts of $1,000 for local businesses. company Northpointe Food parliamentarian and na- Former St. John Health Appaloosa Management failing to pay more than Some takers thus far are De- Ventures, which is based in tional trainer for the Par- CEO Elliot Joseph becomes L.P. said Friday it has ter- $5.3 million in payroll taxes troit Comics in Ferndale, Noir Traverse City. ents Institute of the National president and CEO at Hart- minated its agreement to at about 80 Detroit area Piz- Leather in Royal Oak and Issues with kitchen in- Coalition of ESEA Title I Par- ford Hospital in Connecti- za Hut restaurants he once invest $2.55 billion in Delphi Doctor Phobia’s Haunted stallation were responsible ents Inc.; and Rhonda Walker, cut today. Joseph left St. owned, the Associated Corp., saying Delphi has House in Warren. for the delay, according to WDIV-Channel 4 news an- John in December to take a Press reported. He is serv- breached its agreement Market research at TV 20 Warner. chor. See www.alterna- position at St. John’s par- ing a 33-month sentence on with Appaloosa. indicates Nightmare com- Hindered by a passel of tivesforgirls.org. ent, Ascension Health. a wire fraud conviction. Appaloosa asserted it is Janice Stroh, vice presi- Wayne County Prose- now owed an $82.5 million dent for business of Eastern cutor Kym Worthy has sus- fee because Delphi broke its Michigan University, resigned pended an assistant who is agreement by seeking an al- Monday. John Lumm, who al- accused of offering false tes- Help us assess 100 years of GM’s impact on our area ternative transaction. It re- ready is serving as interim timony at a drug trial and ferred in its filing to Delphi’s CEO, also will hold Stroh’s has requested a special effort to take more loans position as interim. prosecutor to investigate. We continue to add to our multimedia automaker to the region. from General Motors Corp. center On May 12, Crain’s will look at 10 St. John Health System (www.crainsdetroit.com/multimedia) ways General Motors has shaped OTHER NEWS will cut management and with today’s addition of a video metro Detroit’s past. We’ll also Defense contractor delays consolidate programs, like- interview with Mike Biber, the CEO of examine how GM is helping to shape Former Detroit may- ly resulting in layoffs. Osprey Recreational Properties L.L.C., the region’s future. expansion decision oral Chief of Staff Christine MGM Grand Detroit Casi- who is featured in Business Lives on As we report our stories, we’d like to A decision expected last Beatty has been ordered to no said Thursday it is lay- Page 19 of this issue. wear an electronic tether hear from you. Please share with us: week on whether to expand ing off an unspecified num- In the video, Biber, whose company is and prohibited from leav- ber of workers, the Detroit investing in golf courses when many Your favorite GM memories, defense contractor BAE Sys- ing the state, the Associated Free Press reported. including favorite cars. tems’ presence in Southeast consider those properties to be risky Press reported. ventures, explains his buying strategy: Your suggestions on local Michigan likely won’t come companies that grew with the help of The Wayne County pros- “I don’t think we’re market timers. I before late this month at OBITUARIES GM contracts. ecutor’s office said that 36th don’t think we wait for the bottom. WEB WORLD the soonest, a communica- Other anecdotes about GM’s District Court Magistrate Wally Bronner, founder of But we like to buy a first-class Kevin Hill tions official said Tuesday. property or something that we impact on areas such as Steve Lockhart changed the Bronner’s Christmas Wonder- perceive value in that other people have philanthropy, technology and finance. Part of the decision could conditions of Beatty’s land in Frankenmuth, died undervalued or not valued correctly.” We need to hear from you by Wednesday. be linked to potential incen- $75,000 personal bond when of cancer April 1. He was 81. Speaking of value: 100 years after the Send ideas to Jennette Smith, assistant tives from the Michigan Eco- she failed to give the court Beverly Curran, 79, a for- founding of General Motors Corp., Crain’s is managing editor/Focus, at [email protected] nomic Growth Authority. information about plans to mer municipal and probate planning a special report on the impact of the or (313) 446-1622. Garrie Dornan, director of leave Michigan to search judge, died March 23. DBpageAD.qxd 3/26/2008 11:58 AM Page 1

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