Tag Archive | "million"

High-End Homes: Vintage ‘International Style’ home in East Grand Rapids listed for $1.2 million

Built in 1937 for pediatrician, Dr. Leon DeVel, the International Style mansion retains much of the decor and appointments designed by noted West Michigan architect, J. Alexander McColl. Full News here – Oakland Business

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Broad Art Museum at MSU gets $5 million donation

The Eli and Edythe Broad Art Museum at Michigan State University has received $ 5 million to increase its endowment and help fund exhibitions for the next five years. Full News here – Schools RSS from The Detroit News

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Watch demolition crew rip apart a house using $2.5 million federal grant to clear blight

The 104-year-old house at 741 London Street SW was one of about 100 buildings that are under contract for demolition by the Kent County Land Bank Authority. Full News here – Oakland Business

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Quicken Loans donating $1 million to Detroit and Cleveland charities as part of $1 billion bracket challenge

The mortgage lender had agreed along with Warren Buffett to give away $ 1 billion to anyone who perfectly filled out a bracket for the 2014 NCAA men’s basketball tournament. Full News here – Detroit Entertainment

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Judge signs off on Detroit’s $85 million swaps settlement

The judge overseeing Detroit’s historic bankruptcy has signed off on an $ 85 million settlement involving two banks tied to a horrendously complex financial deal to shore up the city’s pension systems. U.S. Bankruptcy Judge Steven Rhodes previously rejected two offers involving Bank of America and UBS, an international bank based in Switzerland with affiliates […]

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Ford exec, United Way for Southeastern Michigan surpass $40 million fundraising goal

Ford Chief Operating Officer Mark Fields, who served as campaign chair for the 2013-2014 fundraising campaign, helped lead the nonprofit to raise more than $ 40 million during the annual campaign. Officials originally set the goal at $ 40 million, a 14 percent increase from the previous year. Full News here – Detroit Business News

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Judge approves Detroit deal to pay two banks 30 percent of $288 million debt

After twice rejecting previous versions of the deal, a judge Friday morning approved terms of a settlement between Detroit and a pair of banks on a bad debt. Full News here – Detroit News

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Restaurant, retail and apartments among more than $9.1 million in new investment coming to Detroit with state aid

The Michigan Economic Development Corporation has announced three Detroit projects that it said will result in about $ 9.1 million in new capital investment in the city and add about 157 new jobs. Full News here – Detroit Business News

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GM $449 Million Investment Doubles Down on Chevy Volt, City of Detroit

GM 9 Million Investment Doubles Down on Chevy Volt, City of Detroit Two beleaguered brands — the Chevrolet Volt and the City of Detroit — will be leaning on each other even more as General Motors General Motors commits an additional $ 449 million to plants in Motown to produce the second generation of GM's […]

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Troy council votes to offer $1.05 million to developer for Troy Transit Center property

Chad Halcom – The Troy City Council voted 7-0 Monday night to authorize an offer of $ 1.05 million to Grand/Sakwa Properties LLC, to reacquire the 2.7-acre Troy Transit Center property after the courts found it had reverted to private ownership. Full News here – Crain’s Detroit Business – Latest Detroit News

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Olympia picks general contractor for new $450 million Detroit Red Wings arena

Olympia Development of Michigan has picked Barton Malow-Hunt-White as the general contractor for a $ 450 million, 18,000-seat arena the company intends to build for the Detroit Red Wings in the Lower Cass Corridor. Full News here – Detroit Business News

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GM to invest $450 million in two Michigan plants: Detroit News

GM to invest 0 million in two Michigan plants: Detroit News (Reuters) – General Motors Co (GM.N) is expected to announce on Tuesday a $ 450 million investment plan in two of its Michigan plants to bolster its electric car research and production capabilities, the Detroit News reported, citing people familiar … Full News here […]

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High-End Homes: Former Stokes mansion sells for record $7.8 million after contemporary makeover

“I could see the potential,” says Marney Salmon, who spent several years gutting and transforming the house at 2905 Bonnell Avenue SE into a showcase of contemporary design. Full News here – Oakland Business

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Detroit Mom, Son Get Prison For $1 Million Tax Scam

Detroit Mom, Son Get Prison For Million Tax Scam DETROIT (WWJ/AP) – Tax fraud turned out to be a family affair for a Detroit mother and her son. Valerie Butler, 48, and Garry Young Jr., 25, were sentenced to federal prison this week after pleading guilty to conspiracy to obtain payment of a claim … […]

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State authorizes $4.25 million for renovations at Metro Detroit’s Macomb Community College

The project calls for an upgrade to the 53,000-square-foot C Building that was completed in two phases in the late 1960s. Full News here – Detroit Business News

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