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Detroit Billionaire Goes On Real Estate Buying Binge
Originally published on Tue November 12, 2013 8:47 am
Despite the bankruptcy, parts of downtown Detroit are going gangbusters, and that's in large part because of one guy. Online mortgage mogul Dan Gilbert has bought up 40 buildings and counting. He's filling those buildings — some of which used to be vacant — with new businesses. But some residents are wary of his expanding reach in the city.