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Two developers create potential model for rebuilding Detroit neighborhoods

Dec 7, 2016

When we talk about investment in Detroit, the likes of Dan Gilbert or Christopher Ilitch come to mind. Certainly Gilbert has led the way in buying downtown buildings, reshaping the look of downtown Detroit. 

But today, we're going to look at investment in Detroit's neighborhoods.

Andrew Colom and David Alade both gave up jobs to move to Detroit and launch an investment company called Century Partners

Their idea was to invest in Detroit's neighborhoods, and to close the wealth disparity gap by helping people invest in the rehabilitation of their neighborhoods. 

Colom and Alade joined us today to talk about why they came to Detroit and what they hope to accomplish through Century Partners.

Support for the Detroit Journalism Cooperative on Michigan Radio comes from the John S. and James L. Knight Foundation, Renaissance Journalism's Michigan Reporting Initiative, the Ford Foundation and the Corporation for Public Broadcasting.

*This interview was originally broadcast on Sept. 6, 2016.

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