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Project Profile: The District Detroit

After years of empty promises and planning (beginning in 2014), the Stephen Ross and Ilitch family-led development christened “The District Detroit” will soon begin formally constructing a series of luxury hotels, mixed-use apartments, and office buildings in north Downtown. With a price tag of about $1.5 billion, it has been billed as a dynamic catalyst in the rejuvenation of Detroit’s economy and physical landscape. However, as we have learned with previous big corporate developments of this kind, “all that glitters ain’t gold”.

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  • The total public investment requested is $797.75 Million. (1)
  • Over the next 35 years, the revenue and Tax loss related to the District Detroit will be $226.8M For Schools and $5.7M for libraries. (1)
  • In 2018, Ilitch Holdings total combined revenue was $3.8 billion and according to Forbes magazine, Ross has a net worth of $7.6 billion in 2020. (2),(3)
  • Like Ilitch and Olympia in Detroit, Ross and Related are known as bad landlords and bad neighbors in markets across the US. (4), (5)
  • Ilitch/Ross are attempting to claim $172M in benefits when they are only directly contributing $12 Million. (6)
  • The developers offered a Quarter of a Million Dollar donation to the Detroit Public Library and the Neighborhood Advisory Council (NAC) leaders Chris Jackson and Wayne County Commissioner Jonathan Kinloch TOLD THEM THEY DIDN’T WANT IT. (7)

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Project Profile: The District Detroit

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