Photo via Flickr, ellenm1
While reportedly waiting for the Michigan Economic Development Corporation to fork over $618 million in taxpayer money
that will pay for 30 percent of four upcoming projects, Michigan's wealthiest resident completed
the purchase of the Buhl Building in downtown Detroit.
Dan Gilbert purchased the building through his property management company Bedrock, WXYZ reports
. The Wirt C. Rowland-designed building was constructed in 1925. Gilbert will reportedly put in work on the 27-story building to bring it up to "Bedrock standards," Crain's Detroit reports
Gilbert, who is reportedly worth around $5.8 billion, owns more than 90 properties in downtown Detroit, including the Free Press Building, Book Tower, and the David Stott Building.