Today
02:32 PM
IV company to build $500M Detroit facility after Trump announcement in Saudi Arabia
The doctor-turned-investor is the majority owner of Bloomfield Hills-based holding company Shamekh IV Solutions — funded by his family’s Wixom-based medical distribution conglomerate J&B Medical — which was among a handful of companies announced as part of a mutual investment agreement announced by President Donald Trump this week. Shamekh IV plans to invest $5.8 billion in the global production of intravenous fluids and genomic products, starting in Saudi Arabia under the subsidiary Shamekh Life Sciences.
But just like Shaya, Shamekh will return home with a planned $500 million investment in the city of Detroit to build a similar plant as part of the larger project. The plan calls for a five-acre property with a 125,000-square-foot building, Shaya told Crain’s Wednesday, only an hour after arriving back from Ryad. The plan includes housing for employees and a workforce development program.
“We want to reimagine the supply chain,” Shaya said. “I’m from Detroit, so it makes sense to open something here. And we’ve seen just how fragile the supply chain is.”
“We want to reimagine the supply chain,” Shaya said. “I’m from Detroit, so it makes sense to open something here. And we’ve seen just how fragile the supply chain is.”
Today
01:41 PM
Netflix dropping doumentary on Tigers Legend and Donut King Mickey Lolich
But its not about the donuts.
"Netflix has announced the upcoming release of *The Underdog*, a compelling and deeply humanizing documentary chronicling the extraordinary life and career of former Major League Baseball pitcher Mickey Lolich, one of the most unheralded yet impactful figures in the history of the Detroit Tigers. The documentary is set to premiere globally on July 18, 2025, coinciding with the anniversary of Lolich’s unforgettable three-win performance in the 1968 World Series that helped cement his legacy in baseball folklore.
"Mickey Lolich was far from a conventional athlete. Labeled as too heavy, too slow, and too unconventional, Lolich was dismissed by scouts and sportswriters early in his career. But with a devastating fastball and deceptive left-handed delivery, he steadily rose through the ranks, eventually joining the Detroit Tigers in 1963. Over the next 13 seasons, Lolich would become one of the most durable pitchers of his era, known for throwing complete games with near-superhuman consistency.
"The heart of the documentary focuses on the 1968 World Series—a turbulent year for America, and a transformative one for Detroit. As the city grappled with social unrest and economic struggle, Lolich became an unexpected hero. Stepping up when ace Denny McLain faltered, Lolich delivered three complete-game victories, including a dramatic Game 7 win over the St. Louis Cardinals and future Hall of Famer Bob Gibson. The performance is still considered one of the greatest in World Series history."
And don't forget, he hit a home run in one of those games.
"Netflix has announced the upcoming release of *The Underdog*, a compelling and deeply humanizing documentary chronicling the extraordinary life and career of former Major League Baseball pitcher Mickey Lolich, one of the most unheralded yet impactful figures in the history of the Detroit Tigers. The documentary is set to premiere globally on July 18, 2025, coinciding with the anniversary of Lolich’s unforgettable three-win performance in the 1968 World Series that helped cement his legacy in baseball folklore.
"Mickey Lolich was far from a conventional athlete. Labeled as too heavy, too slow, and too unconventional, Lolich was dismissed by scouts and sportswriters early in his career. But with a devastating fastball and deceptive left-handed delivery, he steadily rose through the ranks, eventually joining the Detroit Tigers in 1963. Over the next 13 seasons, Lolich would become one of the most durable pitchers of his era, known for throwing complete games with near-superhuman consistency.
"The heart of the documentary focuses on the 1968 World Series—a turbulent year for America, and a transformative one for Detroit. As the city grappled with social unrest and economic struggle, Lolich became an unexpected hero. Stepping up when ace Denny McLain faltered, Lolich delivered three complete-game victories, including a dramatic Game 7 win over the St. Louis Cardinals and future Hall of Famer Bob Gibson. The performance is still considered one of the greatest in World Series history."
And don't forget, he hit a home run in one of those games.
Today
02:34 PM
How Detroit is converting old downtown office buildings into lofts, hotels
Great article in today's Free Press about the office to residential/hotel conversions happening downtown. Also, so more info about the future redevelopment of the Executive Plaza complex into the future Wayne Tower that will feature 450 apartments and a hotel.
https://www.freep.com/story/money/bu...s/83454865007/
How Detroit is converting old downtown office buildings into lofts, hotels
At least five office-to-housing or office-to-hotel conversion projects are under construction this spring, promising nearly 300 apartments, more than 100 hotel rooms and multiple food and beverage spots. Meanwhile, four more projects could be on the horizon.News about two of the future projects emerged in April: a possible partial conversion of one of the smaller Renaissance Center office towers to residential lofts, and a possible full conversion of the long-empty Executive Plaza office complex at 1200 Sixth St. into the future "Wayne Tower," complete with 450 apartments and a hotel.
This growing lineup of conversion projects underscores how the downtown Detroit of the future, once envisioned as a "live, work, play" destination, is leaning more toward "live" and "play" in the post-pandemic era.
This growing lineup of conversion projects underscores how the downtown Detroit of the future, once envisioned as a "live, work, play" destination, is leaning more toward "live" and "play" in the post-pandemic era.
https://www.freep.com/story/money/bu...s/83454865007/
Today
11:14 AM
Detroit's population grows for second straight year as prior estimates revised upward
Detroit's population grew for the second straight year in 2024, according to Census Bureau estimates that also revised upward the city's 2023 population, the city's latest milestone in reversing a generations-long people drain that began in 1957.The Motor City gained nearly 7,000 people from July 1, 2023 to July 1, 2024, according to new U.S. Census Bureau data released Thursday. The city's population rose from 638,914 to 645,705, an increase of more than 1%.
https://www.detroitnews.com/story/ne...n/83630070007/
The census also revised last year's population data, when Detroit grew for the first time in 66 years, to reflect stronger growth than previously measured. The federal government now says the city gained more than 4,000 people between 2022 and 2023, more than double the prior estimate.
Today
01:35 PM
Detroit Riverfront Conservancy embezzlement probe that might top $40 Million
This scandal has been percolating for while but these staggering numbers and the allegations against the CFO, his firing, and the resignation of the CEO are new. All very disappointing if proven true.
https://www.freep.com/story/news/loc...0/73927880007/
"The Detroit Riverfront Conservancy’s CEO has resigned and its chief financial officer has been fired amid a criminal investigation into what the organization says is more than $40 million in missing money.
"Financial officer William A. Smith was fired after a Friday vote by the board of the nonprofit, a news release from the organization said. The board also hired Ryan Sullivan, CEO of Great Lakes-focused development and advisory firm Watershed Horizons, to replace CEO Mark Wallace on an interim basis. Wallace will stay on to help the transition."
"Financial officer William A. Smith was fired after a Friday vote by the board of the nonprofit, a news release from the organization said. The board also hired Ryan Sullivan, CEO of Great Lakes-focused development and advisory firm Watershed Horizons, to replace CEO Mark Wallace on an interim basis. Wallace will stay on to help the transition."
Attachment 43186
Mark Wallace [left] and William Smith
Mark Wallace [left] and William Smith
"The leadership change comes as the FBI investigates alleged financial mismanagement at the organization responsible for redeveloping more than five miles of riverfront with hundreds of millions of dollars in public, private and philanthropic funds. Conservancy Board Chair Matt Cullen has said an independent audit found “evidence of financial wrongdoing” by Smith.
"The audit found the losses amount to more than $40 million, Friday’s release said. The organization says it will “explore all legal avenues to protect the interests of the riverfront, including a potential civil lawsuit against Smith.”
"The audit found the losses amount to more than $40 million, Friday’s release said. The organization says it will “explore all legal avenues to protect the interests of the riverfront, including a potential civil lawsuit against Smith.”
https://www.freep.com/story/news/loc...0/73927880007/
Today
09:28 AM
Buyers are financing autos 7+ years
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Farley should get a big-boy haircut or join the Beatles.
Farley should get a big-boy haircut or join the Beatles.
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