STEPHEN M. ROSS
Ross abandons plans to build University of Michigan’s Detroit Innovation Center at former jail site
DETROIT, MI - Real estate billionaire Stephen Ross said he and Bedrock will not build a $300 million Detroit Center for Innovation on the site of the former failed Wayne County Jail project. “The pandemic illustrated the need for the Detroit Center for Innovation to have a greater catalytic economic and social impact on the people of Detroit which was not possible at its current site,” said Ross, the chairman of Related Companies, in a statement. Gilbert initially sought to build a Major League Soccer stadium on the site in hopes of Detroit being chosen for an expansion team. Gilbert’s crews spent the summer of 2018 demolishing the partially built jail that was expected to become the new Wayne County Jail in downtown Detroit. READ MORE:University of Michigan announces plans for $300M Detroit Center for InnovationStephen M. Ross gives $100M to launch construction of UM’s Detroit Center for InnovationUM Semester in Detroit faculty express concerns about new Detroit Center for Innovationmlive.com
Amazon's Bezos tops list of richest charitable gifts in 2020
– The world's richest person made the single-largest charitable contribution in 2020, according to The Chronicle of Philanthropy's annual list of top donations, a $10 billion gift that is intended to help fight climate change. Amazon's founder and CEO, Jeff Bezos, whose “real-time” worth Forbes magazine estimates at roughly $188 billion, used the contribution to launch his Bezos Earth Fund. According to the left-leaning Americans for Tax Fairness and the Institute for Policy Studies, from March 18 through Dec. 7, 2020, Bezos' wealth surged by 63%, from $113 billion to $184 billion. Bezos and the Zuckerbergs made up the next spots on last year's top 10 list, with $100 million donations — Bezos for Feeding America to aid food banks across the country and the Zuckerbergs to the same election security group. In February, the Chronicle will publish its list of the 50 biggest donors, which counts cumulative donations, not individual gifts.
From Kobe to Maradona, a year of staggering losses in sports
FILE - In this Nov. 14, 1993, file photo, Miami Dolphins coach Don Shula is carried on his team's shoulders after his 325th victory, against the Philadelphia Eagles in Philadelphia. Not long after came a seismic jolt, the helicopter crash of Kobe Bryant in the fog-shrouded California hills that reverberated across sports and across continents. Football lost a big piece of its heart: Don Shula, Gale Sayers, Paul Hornung, Bobby Mitchell. The losses, of course, came against a backdrop of a pandemic, its number of fatalities rolled out daily on TV screens. Kurt Thomas in 1978 became the first U.S. male gymnast to win a world title but lost an Olympic shot in 1980 because of the boycott.
Coach: Message in Dolphins' video is 'we can all do better'
MIAMI – Miami Dolphins coach Brian Flores says the team's new video addressing racial injustice was player-driven, had the team owner's support and sought to send a message that “we can all do better.”The 2-minute, 15-second video features nearly 20 players trading stern rhymes about the nation’s social protest movement. Flores, who speaks at the end of the video, said it was directed “at everyone.”“I think every individual in this country can do a little bit better,” he said Friday. Flores said team owner Stephen Ross was supportive of the video, which was posted on social media Thursday. Kaleb Thornhill, the Dolphins' director of player engagement, worked with the team's social justice committee to create it, Flores said. “The message is to try to create unity, not divide,” he said.
US Justice Department warns FIFA on international ban
WASHINGTON The U.S. Justice Department has entered into a sports dispute involving the company of a longtime friend of President Donald Trump, warning FIFA that a prohibition against staging league matches internationally could violate American antitrust laws. The letter from the Justice Department was included in a filing by Relevent on Tuesday seeking permission to amend its complaint by adding FIFA, soccer's governing body, as a defendant. Relevent alleges the stakeholders committee on Feb. 27 recommended the policy against international league matches be added to FIFA's statutes. Relevent withdrew its state court suit and filed this latest action in federal court, citing antitrust law. Delrahim wrote the department is raising the concerns to protect competition for the benefit of American consumers and soccer players."
University of Michigan Ross School of Business to receive $6 million for diversity initiative
ANN ARBOR, Mich. The University of Michigan Ross School of Business is expected to receive a $6 million donation for its diversity, equity, and inclusion initiative. This will include students from low-income who are interested in a career in investing or real estate through the Michigan Ross School of Business. The Blau Initiative will also integrate existing U of M and Michigan Ross School of Business initiatives. This summer I announced a Commitment to Action related to diversity, equity, and inclusion at Michigan Ross, and one of our commitments is to expand support for students from diverse backgrounds at the school, Michigan Ross Dean Scott DeRue said. This new gift from Stephen Ross and Jeff Blau will help Michigan Ross create opportunities for students who are underrepresented in business leadership.
Dolphins owner: There definitely will be an NFL season
MIAMI Miami Dolphins owner Stephen Ross says he's confident the NFL will play in 2020, with or without spectators. I think there definitely will be a football season this year, Ross said Tuesday during an interview on CNBC. I dont think a lot of people realize it until they no longer have it. Certainly the NFL, I think, will be ready to go. Weve done a lot of things down in Miami," Ross said.
$300M University Of Michigan Innovation Center To Be Built At Former Detroit Jail Site
Anchoring the site will be a world-class $300 million, 190,000 square-foot research and education center operated by U-M, the nations leading public research institution. Detroit has always been a leader in innovation and this new center will help ensure that continues to be the case into the future. Construction for the Detroit Center for Innovation is slated to commence in 2021. The #Detroit Center for Innovation is the latest part of a thriving ecosystem of U-M engagement with the city. U-M President @DrMarkSchlissel pic.twitter.com/n8eXcsFqCq University of Michigan (@UMich) October 30, 2019For more information visit here.detroit.cbslocal.com
Stephen Ross, Dan Gilbert to build $300M innovation center in Detroit
Back in May this year, there was speculation that real estate moguls Dan Gilbert and Stephen M. Ross were looking to build a research and development facility in Detroit with a connection to the University of Michigan. Gilbert and Ross announced today that theyll be partnering with the University of Michigan to build a campus at the eastern edge of downtown focusing on high-tech research. The anchor building will be the Detroit Center for Innovationa $300-million, 190,000-square-foot research and education center at the site of the unfinished Wayne County Jail on Gratiot Avenue. Ross told Crains Detroit Business that the total cost of the campus could exceed $750 million. Currently, the Ann Arborbased university operates its Detroit Center at Woodward and MLK, the Horace H. Rackham Education Memorial Building on Farnsworth, and a new partnership with the Detroit Public Schools Community District at the Marygrove College campus.detroit.curbed.com
Ann Arbor Farmers Market 100th birthday bash; A2 Blues Fest turns 50; EMU buyouts
ANN ARBOR - Happy Friday! The Ann Arbor Farmers Market will be celebrating its 100th birthday on Saturday with free ice cream from Washtenaw Dairy, live music and more. On the music side, the Ann Arbor Blues Festival turns 50 this weekend. - Meredith (@meredith_A4)What's been happening: As Eastern Michigan University struggles with declining enrollment, 142 EMU employees recently accepted early retirement buyouts. All About Ann Arbor is powered by ClickOnDetroit/WDIV.
Equinox, SoulCycle say they 'do not support' Trump fundraiser hosted by chairman
Equinox and SoulCycle, two luxury fitness brands owned by private parent company The Related Cos., are seeking to distance themselves from a Trump fundraiser scheduled for this week at the home of their parent company's chairman. Stephen Ross, who is chairman of The Related Cos., is hosting a luncheon for President Donald Trump on Friday at his residence in Southampton, New York. In a statement, the companies said they do not support the event and characterized Ross as a "passive investor." "Neither Equinox nor SoulCycle have anything to do with the event later this week and do not support it. The Related Cos. is the sixth-largest property owner in New York City, according to trade publication The Real Deal.cnbc.com