Rock Ventures LLC, the investment firm through which Quicken Loans’ founder Dan Gilbert has been revitalizing Detroit’s business and real estate landscape, wants to develop a $1 billion commercial project that would include a 23,000-seat Major League soccer stadium in downtown Detroit, in partnership with Platinum Equity’s Tom Gores, who owns the Detroit Pistons NBA franchise.
To get the land it covets for this project, Rock Ventures wants take ownership of the Wayne County jail site on Gratiot Avenue. In exchange for that transfer, Rock Ventures has offered to spend $120 million of its own money to construct a new $420 million consolidated criminal justice center on a separate site.
Rock Ventures is also asking the county for an “operational savings credit” to cover the projected efficiencies realized on the new site, for which the investment firm would assume all costs and financial risks.
MLive.com reports that the proposed site for this criminal justice center would be located about 1.5 miles from the existing jail site, at East Forest Avenue east of Interstate 75. The proposed complex would include a 1,632-bed adult facility and a 160-bed juvenile detention center, and a new criminal courthouse with 29 courtrooms. Nearly 400 beds could be added to the jail if the county kicks in another $40 million.
According to the Detroit News, Rock Ventures’ submitted its proposal—developed with AEC firms HOK and Barton Malow—just days before the county’s Feb. 10 deadline to move ahead with efforts to restart construction on the abandoned Gratiot jail site. However, only one firm, Chicago-based Walsh Construction, had responded to the county’s request for proposals.
Gilbert has been pursuing the Gratiot Avenue site for more than three years. His original plans were to turn the site into an entertainment complex that would create 5,500 jobs.
Construction of the 2,000-cell jail on the Gratiot Avenue site—for which the county has already spent about $150 million—halted half finished in June 2013 after revelations of potentially tens of millions of dollars in cost overruns. Litigation initiated by the Detroit Free Press forced the county to release an August 2013 draft report of an audit—which had been kept from county commissioners and members of the Wayne County Building Authority— that projected the new jail would run at least $41 million over its $300 million budget. The draft report showed that county officials had known about the potential overruns since 2011.
If the county accepts Rock Ventures’ proposal, the cost of the new soccer stadium, along with a hotel, office buildings and a residential tower, is estimated in the $225 million to $250 million range.
Related Stories
| May 16, 2012
AEG releases 3D video of L.A.'s Farmers Field
The Los Angeles Convention Center footage depicts the new convention center hall spaces, including a new lobby above Pico Boulevard, pre-function space, and what will be the largest multi-purpose ballroom in Los Angeles.
| May 7, 2012
2012 BUILDING TEAM AWARDS: TD Ameritrade Park
The new stadium for the College World Series in Omaha combines big-league amenities within a traditional minor league atmosphere.
| Apr 6, 2012
Perkins Eastman unveils Qatar mixed-use sports complex
Home stadium for Lekhwiya Club a vibrant addition to Doha’s architectural identity.
| Mar 6, 2012
EwingCole completes first design-build project for the USMA
The second phase of the project, which includes the academic buildings and the lacrosse and football fields, was completed in January 2012.
| Mar 1, 2012
Bomel completes design-build parking complex at U.C. San Diego
The $24-million facility, which fits into a canyon setting on the university’s East Campus, includes 1,200 stalls in two adjoining garages and a soccer field on a top level.
| Feb 24, 2012
Skanska hires Tingle as senior VP and national director for its Sports Center of Excellence
Tingle has worked in the architecture and construction industries for more than 30 years, and for the last 23 years, he has focused primarily on large-scale sports construction projects
| Feb 2, 2012
Shawmut Design and Construction launches sports venues division
Expansion caps year of growth for Shawmut.
| Jan 31, 2012
Fusion Facilities: 8 reasons to consolidate multiple functions under one roof
‘Fusing’ multiple functions into a single building can make it greater than the sum of its parts. The first in a series on the design and construction of university facilities.
| Nov 29, 2011
SB Architects completes Mission Hills Volcanic Mineral Springs and Spa in China
Mission Hills Volcanic Mineral Springs and Spa is home to the largest natural springs reserve in the region, and measures 950,000 sf.
