Published On: Sun, Mar 1st, 2015

Dan Gilbert Says Detroit Development Is ‘in Its Infancy’

Gilbert has more ideas to revitalize the downtown

Dan Gilbert

Despite the fact that Quicken Loans’ founder Dan Gilbert’s development projects in Detroit have been prodigious, he said the Detroit restructuring is “still in its infancy, ” according to the Detroit Free Press.

And what an active infancy it has been, with an investment of $1.6 billion, buying up scores of building and moving 12, 500 workers into the downtown, Gilbert wants to improve the quality of life for Detroit dwellers. At a three day corporate retreat he likes to call a “family reunion, ” he unveiled his plans for super high speed internet, gas station TV and more investments. Gilbert said to the Detroit Free Press, “I know this sounds crazy, but I think this whole story with Detroit and downtown is just in its infancy stages.”

Gilbert wants to introduce Rocket Fiber, an advanced fiber optic network with lightening fast speeds to businesses in downtown Detroit. “We funded it early, but we want to bring a lot of big and small players who can maybe participate in the equity side of this and be a part of this business.” He described it as a “mega leap in speed. People are going to be shocked.”

Gilbert also discussed Gas Station TV, a startup that provides news and informational programming in gas stations. He said he was pleased when he filled up his car and saw an ad from Greektown Casino Hotel that Gilbert’s Rock Gaming acquired in 2013. 

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