Originally Posted by
Bham1982
Dan Gilbert is gonna be the first developer on earth to spend his personal money on a megaproject? Good luck with that.
As someone who actually works in CRE, no one does this. Everyone uses OPM. You could destroy your personal net worth within months, even with a successful project. Gilbert is a smart man and would never do something so incredibly idiotic.
Gilbert's net worth is in the 6 billion range, BTW. Probably no more than a billion is fully liquid. Unless he's selling all his casinos and sports teams, and selling Quicken, he cannot personally finance this.
The most rah-rah downtown boosters are often [[not always) idiots, like almost Trump-cult dumb. If you truly believe what you just wrote, you fully qualify, with honors.