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Thursday, October 18, 2012

Dan Gilbert Lands on MarketWatch Power List

Posted By on Thu, Oct 18, 2012 at 4:00 PM

Powerful people point with two fingers, not one.
  • Powerful people point with two fingers, not one.

We all know Dan Gilbert — the man with his hands on the controls of the Cavs and the Horseshoe Casino, among other businesses — is currently a big fish in town, not to mention in his home base of Detroit. But according to a new national list of power brokers, the comic sans-lovin' CEO's clout is becoming nationwide.

MarketWatch has put together a “Power 30” list of “Economic Simulators,” people trying to heft the economy on their shoulders and move it down the line. Gilbert not only landed on the list, but was profiled by the publication.

Gilbert gets most of his props in the story for pumping money and energy back into his hometown of Detroit, moves he's copied to a some extent in the 216. By taking his business directly to empty urban cores, he's helped revitalize. But the story does add this caution:

Gilbert’s strategy might not work in other cities, says Avis C. Vidal, professor of urban planning at Wayne State University in Detroit; few other places have the rock-bottom real estate prices of Detroit and Cleveland, which enable large-scale purchases with a good likelihood of financial success. Still, she noted, others should pay attention to what Gilbert’s doing: “It’s quite audacious.”

(h/t Crain's)

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