The oligarchs are coming for your house.
The whole complex is worth about $150 million—so why do GM and Dan Gilbert want $350 million from taxpayers?
I bought myself a single share of General Motors stock back in December. So far, I've lost 9% on the deal. I consider it one of the best investments I've ever made.
That share gives me voting rights and legal standing within the company. If this rancid Renaissance Center deal gets done, I'm going to sue the shit out of GM.
In Detroit you see a lot of half-baked development deals. But this one is so bizarre, it defies financial sanity. As a shareholder, GM has a responsibility to maximize my financial gain. This project—the little we know about it—can't possibly do that.
Read Charlie's entire column at enjoyer.com
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