Could the Obama Building Trigger Old Redford Renewal?

[Dumpling]

I can't speak for the newer Detroit Meijer stores but the first one
located on Eight Mile was built with the assistance of Detroit
City pension funds. [[Disclosure: I am vested with the City of
Detroit General Retirement Fund.)

[Wesley Mouch]

I can't speak for the newer Detroit Meijer stores but the first one
located on Eight Mile was built with the assistance of Detroit
City pension funds. [[Disclosure: I am vested with the City of
Detroit General Retirement Fund.)

I would assume that this wasn't a 'subsidy', but an 'investment', since that's what pension funds do. So does anyone else have information on 'subsides'?

As to the pension fund investing in a Detroit neighborhood...

It seems to be that 'socially responsible' investing is popular, so its not surprising that GRF monies might be used to invest in Detroit's rebirth. Investing in/with Meijer makes it a pretty solid investment. But nonetheless, I wish the pension fund would invest in quality investments without regard to squishy social goals. Their job is to fund pensions, not change the world. So sure, go ahead and tell me how this investment is going to return millions to the GRS. Unless you think GRS has magic inside information, I'd leave speculation to others.