Originally Posted by
daniel_duggan
Glad to help out.
.....when it's all said and done, the tax breaks WILL pay for all these deals. By my tally, there's $15M for the Dime, $16M for the Chase, $8M for the First National and $1.4M for the Madison Theatre [[all that's confirmed by CoStar as well). So, that puts him at $40.4 million, with another $7ish to go. But he's going to need to pour a lot of money into some of these buildings to get them up to the standards that Class A tenants demand.
And if anyone has seen his build-out in the Compuware Building, it's not cheap to get a building to the condition that Dan Gilbert wants, so I wouldn't be surprised if he still hits that $240 million figure without doing a new construction HQ.