Tag Archive | "million"

Appeals court: GM not on the hook for botched 200 million euro Saab deal

General Motors is not legally responsible for botching a last-ditch 200 million euro deal that could have spared Swedish car manufacturer Saab from bankruptcy liquidation, according to a federal appeals court ruling. Full News here – Detroit Business News

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Report: Three hold-out properties in $650 million Detroit Red Wings arena district

As Ilitch Holdings moves forward on $ 650 million plans for a new arena and surrounding entertainment district, it appears there are at least three hold-out properties. Full News here – Detroit Entertainment

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$28 million Strathmore Apartments project in Midtown Detroit moving forward

The $ 28 million renovation of the former Strathmore Hotel towering over Woodward Avenue in Detroit’s Midtown neighborhood is moving forward. Full News here – Detroit Business News

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Plymouth teen charged as adult, held on $1 million bond in alleged plot to kill family

15-year-old Roksana Sikorski, despite being a minor, could face life in prison. The Wayne County Prosecutor’s Office charged her with four counts of conspiracy to commit murder and assault with intent to murder. Full News here – Detroit News

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See inside Detroit’s $92 million David Whitney Building redevelopment, opening in December

David Whitney, Jr. had originally thought Grand Circus Park, which the building overlooks, was going to be the center of downtown Detroit’s downtown business district. He was wrong. Full News here – Detroit Business News

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NHTSA expands notice of defective airbags to 7.8 million vehicles

The airbags could rupture and spray pieces of metal into the driver and front-seat passenger in an accident. Full News here – Detroit News

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Metro Detroit-based Diversified Restaurant Holdings will use $25 million lease buy-back for restaurant expansion

RH operates 40 BWW franchises in Michigan, Indiana, Illinois and Florida, and owns the 21 Bagger Dave’s restaurants it operates in Michigan and Indiana. Full News here – Detroit Business News

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NHTSA urges owners of 4.7 million GM and foreign cars to get defective airbags fixed

The airbags could rupture and spray pieces of metal into the driver and front-seat passenger in an accident. Full News here – Detroit Business News

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$25 million gift to Wayne State creates program to spur innovation in Detroit

WSU College of Engineering alumnus James A. Anderson and his wife Patricia made the gift, which helped establish the James and Patricia Anderson Engineering Ventures Institute. Full News here – Detroit Business News

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University of Michigan opening $46 million nanotechnology research center

Associated Press – The University of Michigan is opening a $ 46 million complex for researchers to study nanotechnologies in energy, biotechnology and other fields. The Center of Excellence in Nano Mechanical Science and Engineering is a 62,000-square-foot addition to laboratories on the Ann Arbor school’s north campus. Researchers will be able to watch the […]

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With $17 million New Holland project, West Side revival nears major milestone

“This is a once-in-a-lifetime opportunity on this corner,” says Rockford Construction CEO. Full News here – Oakland Business

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58 winners of $2.48 million Detroit Knight Arts Challenge announced

A total of 58 arts and development projects in Detroit are receiving $ 2.48 million as part of the second year of the Detroit Knights Arts Challenge. Full News here – Detroit Entertainment

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$650 million Detroit Red Wings project calls for 184 new apartments

0 million Detroit Red Wings project calls for 184 new apartments DETROIT, MI – As the owners of the Detroit Red Wings construct not just a new arena, but an entire city district, naturally there will have to be places for new residents to live. In details released by Olympia Development of Michigan, the development […]

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$650 million Detroit Red Wings project calls for 184 new apartments

As the owners of the Detroit Red Wings construct not just a new arena, but an entire city district, naturally there will have to be places for new residents to live. Full News here – Detroit Business News

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Comcast to Follow the 1 Million Who Have Fled Bankrupt Detroit

Comcast to Follow the 1 Million Who Have Fled Bankrupt Detroit The largest U.S. cable-television company says it will shed 2.5 million customers in Detroit and other Midwestern and Southern communities as part of a plan to buy No. 2 Time Warner Cable Inc. Relinquishing the markets will help keep Comcast's market … Full News here […]

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