Dan Gilbert and Tom Gores want to build a soccer stadium in downtown Detroit and then become owners of a Major League Soccer (MLS) Team. Gilbert is founder and chairman of Quicken Loans and owner of the Cleveland Cavaliers, and Tom Gores owns the Detroit Pistons with his private equity firm.
Gilbert wants to build this new soccer stadium on the unfinished Wayne County jail site, which stopped construction due to cost overruns. He wants the stadium so badly that he’s offering to build a new $500 million criminal justice complex for the county somewhere else.
The question is, why?