Advertisement
The Detroit Free Press has filed a Freedom of Information Act lawsuit to compel the Michigan Department of Treasury to disclose documents related to economic development subsidies.
Sam Allard of Axios reports, “The big beneficiary of those subsidies has been Dan Gilbert, who owns the Cleveland Cavaliers but whose Rock family of companies — including real estate arm Bedrock — is headquartered in Detroit.
Advertisement
“‘The lawsuit seeks information that is key to understanding whether developers such as Bedrock do ultimately achieve the lofty expectations for their biggest projects,’ Free Press business reporter JC Reindl wrote.
“Past reporting and personal observations, to say nothing of Cleveland’s enduring poverty, have demonstrated that the trickle-down prosperity envisioned by these projects has not been locally achieved.”
Read more here.
(Except for the headline, this story has not been edited by PostX News and is published from a syndicated feed.)
