Gores' Entry Makes It Three's Company
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His vision for DMC, St. Joseph Detroit’s skyline weigh worth of Dan Gilbert bundled care talks about new projects, Is Medicare pilot program legislation working for hospitals? and o ce It’s too early to tell, Page 3 space, Page 3 NOVEMBER 28 - DECEMBER 4, 2016 A history of moves Detroit’s four major sports teams don’t move o en. Here’s a look back Gores’ entry makes at the times they did and the spaces they played in: Detroit Lions 1934: The Lions move to Michigan from Portsmouth, Ohio, and play at University of Detroit Stadium (seating capacity 25,000) until 1937, with a one-season return in it three’s company 1940. 1938: Tiger Stadium (52,416), then Gores on both the Ilitch, Gilbert teams could portend more investments called Briggs Stadium, becomes the team’s new home, initially through 1939 and then continuously from 1941 pany said it was targeting a cap of By Kirk Pinho through 1974. and Tom Henderson $5.5 billion for its new fund. [email protected] In fact, it likely provides the impe- 1975: The Lions relocate to the [email protected] tus for even more investments in cavernous Pontiac Silverdome, right And suddenly there were three. downtown, such as in real estate (80,311). After more than ve years of one with Gilbert, said Arn Tellem, Gores’ 2002: Ford Field (65,000) opens downtown. billionaire, Dan Gilbert, and a bil- vice president of Palace Sports & En- Detroit Pistons lionaire family, the Ilitches, being tertainment. the dominant business and real es- Tellem said that more investment 1957: A er moving to Detroit from Fort Wayne, Ind., the Pistons play mainly in Olympia Stadium (15,000), with occasional tate forces in downtown Detroit, from Gores is possible after the De- games at the University of Detroit. troit Pistons owner Tom Gores has MLS stadium bid for the jail site o cially entered the picture with is resolved. He declined to 1961: The team begins a 17-year run at last week’s announcement he will specify what other real estate in- Cobo Arena (12,000). move his team back to the city after a vestments Gores and Gilbert 1978: The Pontiac Silverdome, which 28-year run in e Palace of Auburn might work on together. could seat more than 60,000 for basketball, Hills. And there has been talk about becomes the team’s home for 10 years. e move creates an interlocking more unspeci ed Gores proj- 1988: A er building it with $90 million of network of business interests, with ects in e District Detroit, the his own money, Pistons owner Bill Davidson Gores, a private equity billionaire, 50-block swath of downtown an- unveils the Palace of Auburn Hills (20,000). squarely in the middle of two camps chored by the new arena and PHOTOS BY LARRY PEPLIN Detroit Red Wings that have been viewed as rivals. spearheaded by the Ilitches. Tom Gores adds another pro sport to He sealed a deal with the Ilitches Michael Beauregard, senior part- 1926: The team makes its debut at the downtown Detroit landscape; he’ll the Border Cities Arena in Windsor to play the 2017-18 season in the ner at Detroit-based Huron Capital move his Detroit Pistons there from because no Detroit facilities are new Little Caesars Arena while , annually Detroit's most Auburn Hills next season. Partners LLC available. deeply entwined with Gilbert's own active private equity rm, also said seismic sports splash: a bet on a pro- Gores investment in Detroit. And his Gores’ move to downtown has trig- 1927: The Wings move into the posed new Major League Soccer background as a private equity pio- gered speculation that Platinum Eq- newly built Olympia Stadium (15,000). stadium on the site of the half-built neer means he’s always on the look- uity LLC, Gores’ private equity com- 1979: The new Joe Louis Arena Wayne County Consolidated Jail at out for a new deal. pany, makes its presence felt in (current hockey capacity: 20,027) hosts Gratiot Avenue and I-375. e relationships also may give Detroit. its rst Red Wings game on Dec. 27. Gores is bound to change the Gores, who lives primarily in Los An- “Obviously, there’s going to be a Detroit Tigers city’s leadership dynamic. geles, local partners with real estate lot of talk now of Platinum doing The team debuts in the American League before 10,000 fans in Bennett e swiftly developing relation- expertise. And he comes armed with business here,” he said. 1901: Park at Michigan and Trumbull avenues. The Tigers would play at that site for nearly ships hold the promise of more money to invest. In August, the com- e potential is high, said for- a century. mer Detroit Mayor Dave Bing. “He brings tremendous assets. 1912: Navin Field, named for Tigers owner © Entire contents copyright 2016 Frank Navin, is constructed at Michigan and by Crain Communications Inc. All rights reserved He is being very careful on what Trumbull, le . crainsdetroit.com Vol. 32 No 49 $2 a copy. $59 a year. his approach is going to be. I do believe he’d like to get on the en- 1938: Briggs Stadium becomes the tertainment, retail and develop- expanded facility’s new name, for then-owner ment side. A guy with deep pock- Walter Briggs. ets like that can do a lot of good,” 1961: Tiger Stadium becomes the nal Bing said. name of the site (capacity: 52,416). And a lot of that stems from rela- NEWSPAPER 2000: Comerica Park (current capacity: 41,297) opens at 2100 Woodward Ave. tionships he has built on both sides. SEE GORES , PAGE 18 SOURCE: CRAIN’S RESEARCH; TIGER STADIUM PHOTO CREDIT WIKIMEDIA COMMONS; OTHER PHOTOS FROM CRAIN’S ARCHIVE 2 CRAIN’S DETROIT BUSINESS // NOVEMBER 28, 2016 INSIDE MICHIGAN BRIEFS BANKRUPTCIES 18 CALENDAR 14 State appeals injunction Jackson toy store to close Missouri-based industrial develop- at a White Pine Springs production CLASSIFIED ADS 15 over Flint water delivery next month aer 67 years ment rm acquire about 260 acres of well near Evart, MLive.com report- former General Motors property in ed. Connecticut-based Nestlé, which DEALS & DETAILS 14 e state led a notice of its intent A beloved toy shop is closing next Lansing, Lansing Township and Del- is spending $36 million to expand its KEITH CRAIN 6 to appeal a federal judge’s injunction month after 67 years in Jackson, but ta Township, MiBiz reported. RACER Ice Mountain bottling plant in Stan- MARY KRAMER 6 that water must be delivered to the its owner is thankful for the “smile Trust is a Livonia-based group that wood, wants to pump up to 576,000 homes of Flint residents — a require- stories” told by his employees about remediates former GM sites in mul- gallons per day from a well located OPINION 6 ment it claims would cost taxpayers kids and parents who have left happy tiple states. between two coldwater trout stream RUMBLINGS 19 $10.5 million monthly, MLive.com after visiting what became one of the J A judge dis- tributaries of the Muskegon River. WEEK ON THE WEB 19 reported. Attorneys for the Michigan nation’s largest independent toy missed a mis- Michigan Citizens for Water Conserva- Department of Treasury and Flint Re- stores. conduct-in-of- tion sued Nestlé in 2001 over poten- COMPANY INDEX: ceivership Transition Advisory Board After the closing of the Toy House ce charge tial damage to lakes, rivers and SEE PAGE 18 last week led the notice of appeal in & Baby Too store was announced last against ex-state streams that groundwater withdraw- U.S. District Court. week, Phil Wrzesinski, its president lawmaker Todd als would cause. e two sides family owns the adjacent Bombay U.S. District Judge David M. Law- and owner, told MLive.com the fond Courser, who reached a settlement agreement in Cuisine. son had ordered door-to-door water memories of providing playthings to quit oce in a 2009, reducing Nestlé’s siphoning to J Grand Rapids Community College deliveries for Flint families unless city residents won’t fade. sex scandal last 218 gallons per minute from 400. named Bill Pink, its vice president the state can prove residents have “e products have changed ... year, AP report- J Grand Valley State University broke and dean for workforce develop- functioning faucet lters, in a case but the core mission has always Todd Courser: ed. Courser still ground on its newest construction ment, as its next president, MiBiz re- brought against the Treasury De- been the same,” Wrzesinski said. Misconduct charge faces a perjury project, an expansion of the univer- ported. partment and the RTAB appointed “Our job was to help people out. dismissed. charge in the sity’s health campus in downtown J A wind energy project in Shiawas- by Gov. Rick Snyder by the American at’s what my grandfather set out to case in Ingham Grand Rapids, MLive.com reported. see County is hitting some blowback Civil Liberties Union, Concerned Pas- do when he started the store.” County Circuit Court. He is accused of GVSU named the new building Ra- as county commissioners talk about tors for Social Action and others. Wa- Business has declined in recent soliciting an aide to send a phony leigh J. Finklestein Hall, after the a moratorium on the huge turbines ter is currently available to city resi- years, Wrzesinski said, with chains email to cover up an aair with fel- Grand Rapids entrepreneur who was until they can fully understand dents at no cost, but they must pick and online companies pushing in- low Republican Rep.