Quicken HQ: Designed to Thrive

Total Page:16

File Type:pdf, Size:1020Kb

Quicken HQ: Designed to Thrive 20100816-NEWS--0001-NAT-CCI-CD_-- 8/13/2010 5:36 PM Page 1 ® www.crainsdetroit.com Vol. 26, No. 33 AUGUST 16 –23, 2010 $2 a copy; $59 a year ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved Page 3 Thousands Health reform could bring trouble for insurance brokers of employers $500M for Pistons? Staffing firms find silver Market won’t support asking price, insiders say lining to economic clouds face tax tied BY BILL SHEA her husband, Guardian Industries Tom Wilson, the longtime PS&E CRAIN’S DETROIT BUSINESS Inc. Chairman Bill Davidson, has president who knows the inside Inside hired New York City-based Citi details of the Pistons’ and The bank hired to broker a sale Private Bank’s sports finance and Palace’s financial situations. to UI debt of the Detroit Pistons and Palace advisory team to broker a sale. Ilitch already owns the Detroit See who’s leasing luxury Sports & Entertainment Inc. is seek- Citi declined to comment, as has Tigers and Detroit Red Wings, so suites at Michigan Stadium, ing $500 mil- Davidson through her spokesman. he’s familiar with the local sports If no waiver, DEAL DETAILS lion from po- Detroit sports and pizza indus- markets. Page 6 tential trialist Mike Ilitch, who an- The most recent NBA team Financing: Ilitch buyers — a nounced Aug. 9 sale was a $450 mil- likely has plan for price indus- that he’s told lion deal for the fee could hit Pistons, new try insiders Davidson he wants Golden State War- Second Stage Extra arena, Page 29 That would be and likely to buy the Pistons riors in July. Indus- Deep pockets: “ $67 a worker bidders con- and PS&E, likely an extraordinary try insiders have Ilitch’s revenue sider inflated streams, Page 29 would pay less than called the sale, BY AMY LANE by $100 mil- Who else: $400 million for price to be which is the most CAPITOL CORRESPONDENT Other prospective lion in this both, said the ever paid for an buyers, Page 29 market, a source, who agreed achieved. NBA team, signifi- LANSING — Michigan faces an source famil- to speak to Crain’s cantly inflated. estimated $140 million interest bill ” iar with the situation said. on the condition of Marc Ganis, Sportscorp Ltd. The Pistons are next year stemming from its feder- Karen Davidson, who has anonymity. valued at $479 mil- al unemployment borrowing, and owned the National Basketball As- That’s because of the economi- lion by Forbes.com, although ana- that could mean additional taxes Growing companies sociation franchise and the PS&E cally depressed metro Detroit lysts warn that the financial pub- starting in January for thousands umbrella management organiza- market, the source said, and be- face challenge of of employers. tion since the March 2009 death of cause Ilitch in February hired See Pistons, Page 29 A state solvency tax, assessed on adding management, “negative balance” employers Page 10 whose employee-benefit claims ex- ceed the unemployment taxes they paid, is slated to return in January Crain’s Lists to repay interest on the $3.8 billion the state has borrowed from the Quicken HQ: Designed to thrive U.S. Department of Labor to help pay 3Q SBA lenders and largest benefits. family-owned companies, The federal stimulus law includ- Cool spaces save cash, ed a temporary interest waiver for Pages 14-15 Michigan and other states borrow- ing money, but that reprieve ends increase performance at year’s end and states must start This Just In paying interest in 2011 unless Con- BY DANIEL DUGGAN gress extends the waiver. CRAIN’S DETROIT BUSINESS State and business officials hope Tribe buys land next While the new downtown Detroit headquarters that extension will occur. space for Quicken Loans Inc. is filled with graffiti art, to Pinnacle Race Course Given the uncertainty, the Michi- neon chairs and rooms with popcorn poppers, there gan Unemployment Insurance Agency The Sault Ste. Marie Tribe of is a serious business strategy behind its design. is getting the word out to employ- Chippewa Indians confirmed Elements of Quick- ers that the state solvency tax of up Friday that it has bought 7 en’s office design — to $67.50 per employee could be SNEAK PEEK acres adjacent to the Pinnacle portable employee heading their way. Race Course thoroughbred work stations, collab- Stephen Geskey, director of the track in Wayne County’s orative seating areas, UI agency, said that based on a pre- Huron Township but has not and work stations vious agency re- announced development placed near large win- view there could plans. dows — are all part of be some 60,000 “We believe the lands adja- the science behind “negative-bal- cent to Pinnacle Race Course the workplace. ance” employ- are ideal for many different And they play into ers to whom the Slideshow: Look around types of job-creating enter- cost savings and the tax would apply, Quicken’s new downtown prises,” tribal Chairman Joe company’s business but the agency Detroit office space, McCoy said in a statement. crainsdetroit.com/quicken plan. is conducting a “Opportunities could include Architects and current count. businesses that seek to in- real estate consultants say the business strategy of Wendy Block, crease the region’s world an office layout is an important point that has been Geskey director of NATHAN SKID/CRAIN’S DETROIT BUSINESS trading activities, retail getting traction in C-suites, especially as companies health policy and human re- Viewed from Quicken’s new Detroit offices, a mural on the stores and much more.” look at ways to cut costs. sources at the Michigan Chamber of Cadillac Tower sends a message about the company’s See This Just In, Page 2 Total occupancy savings — comprising all the costs move from Livonia. More pictures on Page 28. See Solvency tax, Page 26 of paying for real estate and how employees use it — can be from 10 percent to 15 percent when a company to the bottom line.” moves from an older, inefficient space to a new, effi- One target for cost savings, Gantner said, is the cient office, said Ron Gantner, executive vice presi- expense of moving an employee’s work space. dent for the Detroit office of Jones Lang LaSalle. In some offices, he said, the cost of moving an em- “When you start creating small efficiencies here ployee is $500 to $600 when factoring in the expense and there, pennies per square foot, they add up, es- of moving wires, office furniture and expanding a pecially when you look at the lifetime of a lease,” work space. In new layouts, such as Quicken’s said Gantner. “CFOs who have always looked at real space, employees use laptops and connect to a wire- estate as an evil expense are really now looking at it less network. NEWSPAPER as a strategic factor, because savings are going right See Quicken, Page 28 20100816-NEWS--0002-NAT-CCI-CD_-- 8/13/2010 5:03 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS August 16, 2010 In June, the Michigan Gaming Con- tion and air pollution. About 23,000 tute Hospice, Mercy Hospice and THIS JUST IN The way it was: 1986 trol Board approved the transfer of commuters cross the border daily. VNA Hospice. Greektown’s ownership from the — Bill Shea — Jay Greene ■ From Page 1 Throughout our 25th-anniversary tribe to publicly owned Greektown year, Crain’s will use this space to Superholdings Inc. and the private Group buys 40 acres in Macomb look at interesting items from past group Greektown Newco Sub Inc. Women’s Committee The track’s owner, Jerry Camp- In a rare Macomb County land bell, sold the tribe the parcel for issues. The casino entered Chapter 11 for Hospice Care closes bankruptcy protection two years sale, 40 undeveloped acres have $179,000 through his J.L.L.J. Corp. A down economy and growing been sold to a group of investors. Two 5-acre parcels also are for sale. ago. A U.S. bankruptcy judge ap- We’re loyal proved an exit plan in January. difficulties in fundraising have The listing price was $1.35 mil- The tribe previously owned De- “ led to the closure of the nonprofit lion for the property at the south- troit’s Greektown Casino and cur- to Detroit, Jerry Campbell, the retired chairman and founder of the for- Women’s Committee for Hospice west corner of North Avenue and rently owns five Kewadin branded Care, Bloomfield Hills, after 23 26 Mile Road, said Joe Sowerby, casinos in northern Michigan. but we’re a mer Republic Bancorp Inc. in Ann Arbor, led a consortium making a years, said President Julie Beals. partner at Mt. Clemens-based An- The Sault tribe and J.L.L.J. “Our all-volunteer organiza- ton, Zorn & Sowerby Inc. Corp. are doing studies to deter- corporation. $100 million bid to buy a 40 per- cent stake in Greektown in 2008, tion has worked diligently to pro- Sowerby represented the seller, mine the best use for the land, ” Thomas Cox, mote hospice care awareness and NLR Properties, a husband and they said in a statement. but the deal later fell apart. — Bill Shea raise funds to support the non- wife who bought the property as Development could be linked to United Brands Co., Cincinnati profit communities in Macomb, an investment. The property was the track, the nearby air logistics From a June 23, 1986, article Detroit ferry in run for funding Oakland and Wayne counties, sold to North Avenue Investments industry or gaming.
Recommended publications
  • TDD 2715 Woodward Avenue
    RETAIL | 2715 WOODWARD AVENUE Retail 2715 WOODWARD AVENUE This new $70-million development includes an all-new, five-story, 127,000-square-foot building. The Detroit Medical Center (DMC) announced in June they will occupy approximately 50,000 square feet with a state-of-the-art sports medicine facility. In October, the award-winning law firm Warner Norcross + Judd, LLP announced they would occupy 30,000 square feet on the third floor. The Woodward fronting retail contains approximately 14,086 square feet. 14,086 SQ. FT. OF RETAIL #DistrictDetroit | DistrictDetroit.com Retail 2715 WOODWARD AVENUE #DistrictDetroit | DistrictDetroit.com The EXPERIENCE The District Detroit is a dynamic urban destination in the heart of Detroit. One that includes something for everyone — a dense neighborhood experience with a variety of developments alongside Detroit’s premiere sports and entertainment venues. Connecting downtown Detroit to growing nearby neighborhoods such as Midtown, Corktown and Brush Park, The District Detroit is having a dramatic economic impact on Detroit and is a driving catalyst of the city’s remarkable resurgence. The District Detroit is delivering $1.4 billion+ in new investment in Detroit including the new Little Caesars Arena, the Mike Ilitch School of Business at Wayne State University and Little Caesars world headquarters campus expansion. Additionally, new office, residential and retail spaces will continue to add momentum to Detroit’s amazing comeback for years to come. $1.4 BILLION+ IN NEW INVESTMENT A FIRST OF ITS KIND #DistrictDetroit
    [Show full text]
  • Nhl Media Directory 2011-12 Table of Contents Page Page Nhl Directory Nhl Media 1+/2I¿Fhv
    NHL MEDIA DIRECTORY 2011-12 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA 1+/2I¿FHV ...........................................3 1+/FRP .............................................11 1+/([HFXWLYH .......................................4 1+/1HWZRUN .......................................11 1+/&RPPXQLFDWLRQV ............................4 1+/5DGLR ...........................................12 1+/*UHHQ ............................................6 1+/6WXGLRV ........................................12 NHL MEMBER CLUBS NHL MEDIA RESOURCES .................. 13 $QDKHLP'XFNV ...................................20 HOCKEY ORGANIZATIONS %RVWRQ%UXLQV ......................................27 %XIIDOR6DEUHV .....................................34 +RFNH\&DQDGD .................................260 &DOJDU\)ODPHV ...................................40 +RFNH\+DOORI)DPH .........................261 &DUROLQD+XUULFDQHV .............................46 1+/$OXPQL$VVRFLDWLRQ ........................7 &KLFDJR%ODFNKDZNV ...........................52 1+/%URDGFDVWHUV¶$VVRFLDWLRQ .........264 &RORUDGR$YDODQFKH ............................57 1+/3OD\HUV¶$VVRFLDWLRQ ....................17 &ROXPEXV%OXH-DFNHWV .......................66 3URIHVVLRQDO+RFNH\:ULWHUV¶ 'DOODV6WDUV .........................................72 $VVRFLDWLRQ ...................................263 'HWURLW5HG:LQJV ...............................78 86+RFNH\+DOORI)DPH0XVHXP ..261 (GPRQWRQ2LOHUV ..................................85 86$+RFNH\,QF ...............................262 )ORULGD3DQWKHUV ..................................92
    [Show full text]
  • Detroit Tigers Clips Thursday, October 20, 2016
    Detroit Tigers Clips Thursday, October 20, 2016 Detroit Free Press Most likely Detroit Tiger to be traded? Probably J.D. Martinez (Fenech) Detroit Tigers' 'long' revamp process will start with trades (Fenech) The Detroit News What's next for Tigers? Here are some thoughts (Paul) Rabelo named manager of West Michigan Whitecaps (Henning) MLive.com Make Comerica Great Again? I'm With Ver? Name the Tigers' new offseason plan (Woodbery) CBSDetroit.com Verlander, Miggy, Kinsler — Which Tigers Most Likely To Be Traded For Younger, Leaner Team? (Burchfield) Daily Transactions 1 Most likely Detroit Tiger to be traded? Probably J.D. Martinez October 20, 2016 By Anthony Fenech/ Detroit Free Press The Detroit Tigers aren’t in a position to spend more money. General manager Al Avila said as much on Tuesday afternoon, saying with certainty the team would not be a big player in the free agent market. Avila wants the team to get younger. He wants more financial flexibility. And this off-season, he will approach the trade market with a number of high-priced, uber-productive chips, none more likely to get moved – if a move is made – than rightfielder J.D. Martinez. Martinez is scheduled to hit free agency after the 2017 season. He is due $11.75 million. “I don’t foresee any talks of a long-term contract at this point,” Avila said. “In saying that, we’re going to keep an open mind in what possibilities come across this winter, this coming summer. I’m not going to rule out that we wouldn’t consider a long-term deal, but sitting here today, we’re not thinking that way right now.
    [Show full text]
  • NHL MEDIA DIRECTORY 2012-13 TABLE of CONTENTS Page Page NHL DIRECTORY NHL MEDIA NHL Offices
    NHL MEDIA DIRECTORY 2012-13 TABLE OF CONTENTS PAGE PAGE NHL DIRECTORY NHL MEDIA NHL Offices ...........................................3 NHL.com ...............................................9 NHL Executive .......................................4 NHL Network .......................................10 NHL Communications ............................4 NHL Studios ........................................11 NHL Green ............................................6 NHL MEDIA RESOURCES .................. 12 NHL MEMBER CLUBS Anaheim Ducks ...................................19 HOCKEY ORGANIZATIONS Boston Bruins ......................................25 Hockey Canada .................................248 Buffalo Sabres .....................................32 Hockey Hall of Fame .........................249 Calgary Flames ...................................39 NHL Alumni Association ........................7 Carolina Hurricanes .............................45 NHL Broadcasters’ Association .........252 Chicago Blackhawks ...........................51 NHL Players’ Association ....................16 Colorado Avalanche ............................56 Professional Hockey Writers’ Columbus Blue Jackets .......................64 Association ...................................251 Dallas Stars .........................................70 U.S. Hockey Hall of Fame Museum ..249 Detroit Red Wings ...............................76 USA Hockey Inc. ...............................250 Edmonton Oilers ..................................83 NHL STATISTICAL CONSULTANT Florida
    [Show full text]
  • Molina to Move to Bigger Troy HQ
    20140414-NEWS--0001-NAT-CCI-CD_-- 4/11/2014 6:11 PM Page 1 ® www.crainsdetroit.com Vol. 30, No. 15 APRIL 14 – 20, 2014 $2 a copy; $59 a year ©Entire contents copyright 2014 by Crain Communications Inc. All rights reserved Page 3 Molina to move to bigger Troy HQ The company has about 300 em- Estimate: Medicaid biz could bring 150-300 jobs ployees in Troy. Yu said the com- pany does not know precisely how How did they pay for it? BY KIRK PINHO py 90,000 square feet. many employees it will add be- AND JAY GREENE The company also continues to cause of state contracts “still com- Some ballpark estimates CRAIN’S DETROIT BUSINESS look for downtown Detroit office ing down the pipeline.” space for a satellite office. Jim Berkemeier, vice president The state’s third-largest Medic- Sunny Yu, a spokeswoman for CRAIN’S aid HMO plans to double down on Long Beach, Calif.-based Molina of Southfield-based Advocate Com- mercial Real Estate Advisors, said MICHIGAN BUSINESS headquarters office space in Troy COSTAR GROUP INC. Healthcare Inc., the parent company to keep up with a rapidly growing Molina Healthcare of Michigan will of Molina Healthcare of Michigan, 90,000 square feet could accommo- workforce tied to expanding Med- move into the Troy Corporate Center. said its operations in the state will date 450-600 employees, or 150-300 icaid business in Michigan. continue to “continue to grow and new hires, based on the industry Molina Healthcare of Michigan is in the Troy Corporate Center on West hire as needed.” Michigan’s expan- standard of 150-200 square feet of moving in the third quarter to a pur- Long Lake Road east of Crooks sion of Medicaid has been a boon office space per person.
    [Show full text]
  • Jefferson Report
    Jefferson Report Facts and Friction: Assessing the Impact of Major League Baseball’s Proposal to Reduce Minor League Franchises By Alan Swigonski The Jefferson Educational Society will periodically publish reports on issues important to the Erie region. This report was written by Alan Swigonski. Swigonski, a retired auditor, is the former managing director of the Waldron Campus Center at Gannon University. He was the founding co-director and president of Team Erie, the citizens action group that from 1990 to 1995 helped galvanize public opinion to build Jerry Uht Park, now UPMC Park. Editor’s Note: Reports on the unfolding baseball controversy will be updated on the Jefferson’s website, jeserie.org, and in emails to the Jefferson Report’s list of supporters. – Pat Cuneo, Publications Coordinator 3 ‘Baseball, it is said, is only a game. True. And the Grand Canyon is only a hole in Arizona.’ – George Will, columnist and author Erie May Lose Pro Baseball Facts and Friction: Assessing the Impact of Major League Baseball’s Proposal to Reduce Minor League Franchises By Alan Swigonski Major League Baseball is suddenly considering a radical proposal to eliminate the player development agreements for 42 of its 162 minor league teams at the end of the 2020 season – and the future of MLB-affiliated professional baseball in Erie is squarely on the target list. That development, which continues to unfold, and the alarm expressed by community, government, and business interests – locally, across the state, and nationally – has been swift and Erie SeaWolves President Greg Coleman presents jersey to sweeping. SeaWolves owner Fernando Aguirre Major League Baseball Commissioner Rob Manfred is the force behind the proposal, for which most baseball watchers suspect is one way for Manfred to bolster his tough guy image in advance of negotiations with the Major League Baseball Players Association as the current Collective Bargaining Agreement is due to expire in 2022.
    [Show full text]
  • Crain's List: Largest Family
    CRAIN'S LIST: LARGEST FAMILY-OWNED BUSINESSES Ranked by 2012 revenue Company Year founded Percent of Address Revenue Percent First-generation Family members in management with relation to business Rank Phone; website 2012/2011 change owner the first-generation owner family-owned Type of business Kelly Services Inc. $5,450.5 -1.8% 1946 Terence Adderley, chairman, son 93% Outsourcing and consulting services as well as world-class 1. 999 W. Big Beaver Road, Troy 48084 $5,551.0 William Russell staffing on a temporary, temporary-to-hire, and direct-hire (248) 362-4444; www.kellyservices.com Kelly basis Ilitch companies 2,600.0 8.3 1959 Christopher Ilitch, president and CEO, Ilitch NA Food, sports and entertainment industries. Companies 2211 Woodward Ave., Detroit 48201 2,400.0 Michael and Holdings Inc., son include Little Caesars Pizza, Olympia Entertainment, Detroit (313) 471-6600; www.ilitchcompanies.com Marian Ilitch Red Wings, Blue Line Foodservice Distribution, Champion Foods, Olympia Development, Uptown Entertainment, and 2. Little Caesar Pizza Kit Fundraising Program. Michael Ilitch owns the Detroit Tigers. Marian Ilitch owns MotorCity Casino-Hotel. Plastipak Holdings Inc. 2,371.7 3.0 1967 William C. Young, president and CEO, son 58 Plastic containers for household goods 3. 41605 Ann Arbor Road, Plymouth 48170 2,302.4 William P. and (734) 455-3600; www.plastipak.com Mary Young Sherwood Food Distributors LLC 1,523.4 6.0 1969 Howard Ishbia, executive vice president of sales 100 Wholesale food distributor 12499 Evergreen Road, Detroit 48228 1,437.7 Earl Ishbia and and marketing, son; Jason Ishbia, executive vice (313) 659-7300; www.sherwoodfoods.com Alex Karp president of finance and CFO, son; Joel Ishbia, executive vice president of inventory 4.
    [Show full text]
  • Award Recipients 1993 – 2012
    Award Recipients 1993 – 2012 1993 Distinguished Sales Awardee Robert W. Capps Duplex Products Southfield, MI Distinguished Sales Awardee Steven Essig Corporate Upholstery Livonia, MI Distinguished Sales Awardee Lou Gordon Mel Farr Lincoln Mercury Waterford, MI Distinguished Sales Awardee Beth Grossman Michigan National Bank Southfield, MI Distinguished Sales Awardee Patrick Houghton DuPont, Diagnostic Division Sterling Heights, MI Distinguished Sales Awardee Joseph Martin Bell Atlantic Business Systems Troy, MI Distinguished Sales Awardee Millie Rzeppa Weir, Manuel, Snyder & Ranke Birmingham, MI Distinguished Sales Awardee C.J. “Duke” Scrafano Alexander Hamilton Life Farmington Hills, MI Distinguished Sales Awardee Paul Sophiea Nova Nordisk Pharmaceuticals Dearborn, MI Distinguished Sales Awardee Bradley Waite ADIA Information Tech. Southfield, MI 1994 Marketing Statesman of the Year Robert Lutz Chrysler Corp. Marketing Innovator of the Year William Coyro National Tech Team Communicator of the Year Dennis Archer, Mayor City of Detroit Educator of the Year B. Joseph White U of M/Business School Student of the Year Michael Garver Wayne State University President’s Award Kevin Warman D & S Plastics Distinguished Sales Awardee Rebecca Christian Franklin Bank Southfield, MI Distinguished Sales Awardee Charles Craves North American Financial Grp. Bloomfield Hills, MI Distinguished Sales Awardee Ione Howe Liz Clairborne, Inc. Troy, MI Distinguished Sales Awardee Jon Jacobsen Bruttell Roofing Oak Park, MI Distinguished Sales Awardee Andrea Maddox-Johnson Junior Achievement Detroit, MI Distinguished Sales Awardee William Rea Siemens Automotive Auburn Hills, MI Distinguished Sales Awardee A. Maurice Stanley Delta Dental Plan of MI Lansing, MI Distinguished Sales Awardee Rex Suffel The Timken Company Bingham Farms, MI Distinguished Sales Awardee Michael Weaver Michigan National Bank Detroit, MI Distinguished Sales Awardee James Beckett, Joyce Nelson-Keech, Carol Meagher, Scott Richardson, Tom Hutchins Ameritech Advertising Troy, MI 1995 Marketing Statesman of the Year J.
    [Show full text]
  • Detroit Pizza, Sports Baron Mike Ilitch Dies at 87
    FEBRUARY 13 - 19, 2017 NAFTA Research opportunities? bucks rise Ways companies, Local hospitals, workers might universities gain from bene t from Trump’s focus on studying push to rework new treatments, treaty, Page 3 Page 8 Media Obituary Education Gilbert-backed Detroit pizza, TBD magazine School closings come focuses on with economic risk sports baron Detroit stories Mike Ilitch By Kirk Pinho [email protected] Dan Gilbert, perhaps the city’s dies at 87 biggest booster, is bankrolling a new quarterly magazine about De- Bill Shea troit. [email protected] Called TBD, the magazine pub- lishes features on Detroit business- Detroit-born billionaire Mike Il- es, artists and trends, launched its itch, the former minor-league base- website in November and pub- ball player and U.S. Marine turned lished its rst printed issue, which global pizza baron who came to own clocks in at a hefty 114 pages of the Detroit Tigers and Red Wings, thick paper and has no advertising, died Friday at the age of 87. last month. It is loaded with rich Ilitch died at a local hospital, ac- photography and magazine pieces cording to a statement from the Il- from veteran local writers. itch organization. Ilitch reportedly Experts are still guring out had health troubles since the late where in the metro Detroit media 1990s, fading in and out of the spot- ecosystem Bedrock LLC’s TBD light at this team’s public events in magazine ts. CHAD LIVENGOOD PHOTOS recent years, with every absence fu- “I don't think it will tip the mar- The new Mumford High School in Detroit, rebuilt in 2012, might be on the list of schools to be closed under a new plan.
    [Show full text]
  • Little Caesars Arena: Detroit Welcomes an Innovative New Star
    E CAESARS AREN LITTL A: DETROIT WELCOMES AN INNOVATIVE NEW STAR SEPTEMBER 4-10, 2017 SPECIAL ADVERTISING SECTION ❘ STREET & Smith’S SPORTSBUSINEss JOURNAL 1A LITTLE CAESARS ARENA: DETROIT WELCOMES AN INNOVATIVE NEW STAR LITTLE CAESARS ARENA ntertainment E MPIA Y Michigan Made, Detroit Built L O Opening Sept. 12 with the first of six Kid “When it came to designing and in an area as big as Greenwich Village. But standard arena Rock concerts, Little Caesars Arena is a constructing the arena, we approached it Mr. I was very comfortable dreaming big.” blueprint and expanded it into distinctive major milestone in the long-cherished vision as more than a building, more than a The first move was to dig. elements to create a streetscape that of Mike and Marian Ilitch, owners of the venue,” said Christopher Ilitch, president and Little Caesars Arena’s event level is reflects the best of Detroit’s heritage and 11-time NHL Stanley Cup champions, the CEO of Ilitch Holdings. “From every aspect, 40 feet — four stories — below grade, future. Detroit Red Wings, and co-founders of Little we wanted Little Caesars Arena to deliver a effectively blending it into the surrounding “It’s truly deconstructed,” Wilson said. Caesars Pizza. The Detroit natives dedicated memorable, world-class experience. From cityscape. Fans enter at street level, then “We took the box office, the restaurants, their energy to the revitalization and restora- the hockey stick panes on the windows, to descend into the bowl. The Belfor Training retail and team office space out of the tion of downtown Detroit since buying the the Coney dogs at the Detroit House con- Center, the team’s practice facility and AAA arena and put them into two four-story Red Wings in 1982 and moving their family cession stand to the exceptional views of youth hockey development center, is multi-use buildings that front the street.
    [Show full text]
  • GOP Balks at Funding Healthy Michigan Plan
    20150413-NEWS--0001-NAT-CCI-CD_-- 4/10/2015 5:49 PM Page 1 CRAIN’SReaders first for 30 Years DETROIT BUSINESS April 13-19,2015 LOOKING BACK Data Detroit: Making deals: Mall evolves as 7.2 sq. miles It’s as hard as shoppers do drive the city you think PAGE 6 PAGE 3 PAGE 3 GOP balks at funding Healthy Michigan plan With the state facing a budget Governor’s planned ‘lockbox’ is bare shortfall of at least $400 million in fiscal 2016, there also is no propos- By Jay Greene Healthy Michigan Medicaid ex- al this year to set aside state sav- [email protected] pansion started to decline and the ings from Healthy Michigan ex- When championing Medicaid state needed to contribute up to 10 pansion. Ann Arbor startup expansion under health care re- percent of total costs to keep the “We are concerned about fur- form in 2013, Gov. Rick Snyder program going. ther funding for Healthy Michi- spoke often about his desire to But despite Snyder’s budget rec- gan,” said Rick Murdock, executive place half of the near $1 billion in ommendations to fund the lock- director of the Michigan Associa- state savings over the next decade box in fiscal 2014 and 2015, the tion of Health Plans, which repre- gets a regional lift into a “health savings lockbox.” state Legislature failed to place 50 sents 12 of the state’s 13 Medicaid The state savings, primarily percent of state savings — which HMOs. from lower general fund spending amounted to more than $220 mil- Murdock said his concern is TechTown, Automation Alley help Civionics grow on mental health and prison lion — into the health savings sub- two-fold: One, how legislators will health costs, would be used in fis- account of the governor’s budget By Tom Henderson cal 2017 when federal funding for stabilization fund.
    [Show full text]
  • Live. Work. Play. a Report to the Community
    live. work. play. a report to the community 1 Julian H. Gonzalez/Detroit Free Press 3 MAKING A DIFFERENCE At our roots, the Ilitch companies are committed to the communities where we live, work and play. We support our communities in valuable ways, whether it is by donating money to charitable causes, providing in-kind services, giving opportunities to veterans and young athletes, sharing the talents and skills of colleagues who volunteer in the community, or reinventing the Detroit skyline with new construction projects. The Ilitch companies are proud to be an essential part of the identity of the Detroit region, and Mike and Marian Ilitch began their community giving by sponsoring a local boys hockey it doesn’t stop there…our reach stretches beyond local borders to the communities team in 1962, three years after founding the where we do business across Michigan and the country. first Little Caesars Pizza. 5 Photo by Vito Palmisano DETROIT IS OUR HOME Detroit is my home. My grandparents arrived here from Macedonia and my parents were born and raised here. I was raised in the region, and now I’m bringing up my family here, too. Detroit is a good place to do business and to live, and the Ilitch companies celebrate the many contributions we make to our beloved community each year. We’re excited to contribute more than $1 million in Detroit Tigers tickets to underprivileged children, to be part of building an infant care center at the Coalition on Temporary Shelter (COTS) in Detroit and to enable a historic Detroit neighborhood to begin to rebuild itself with the expansion of MotorCity Casino Hotel.
    [Show full text]