Crain's Detroit Business

1 day ago | crainsdetroit.com | Nick Manes

The long-planned redevelopment of a vacant Detroit high-rise into senior housing is underway. Work formally commenced Tuesday at Lee Plaza on West Grand Boulevard in Detroit, a key milestone in a years-long effort to build a complex capital stack to redevelop the historic 15-story, 95-year-old tower into 117 units of affordable housing for the city’s senior population.

2 days ago | crainsdetroit.com | Nick Manes

The founder of Domino’s Pizza Inc. has listed for sale his sprawling Ann Arbor estate inspired by famed architect Frank Lloyd Wright. The long-retired billionaire philanthropist Tom Monaghan, also the former owner of the Detroit Tigers, has listed his 30-acre estate northwest of downtown Ann Arbor for $8.75 million — one of the highest asking prices currently in Southeast Michigan.

3 days ago | crainsdetroit.com | John Irwin

Major publicly traded suppliers hope automakers prioritize market share over profit margins as they grapple with the impact of President Donald Trump’s automotive tariffs. The tariffs, which apply to vehicle imports and a wide range of parts, are expected to raise automakers’ production expenses, potentially by thousands of dollars per vehicle, and cost them billions of dollars over the course of the year. The question is what automakers plan to do about it in the long term.

5 days ago | crainsdetroit.com | Anna Fifelski

A proposed change to the annual state budget is sparking concern in Michigan's tech ecosystem, which could see the end of two decade-long programs that benefit startup creation at universities statewide. The Senate's proposed Labor and Economic Opportunity budget targets the technology sector, with a reduction of $15.6 million for the state’s startup ecosystem.

5 days ago | crainsdetroit.com | Nick Manes

A wonk-ish economics book written by two prominent, liberal journalists is clearly on the minds of metro Detroit housing advocates. Published this spring, “Abundance” made it to the top of the New York Times Best Sellers list. Authored by Times columnist Ezra Klein and Derek Thompson of The Atlantic, the book seeks to highlight why Americans — and American liberals, in particular — have failed to build at scale. That includes housing, mass transit and green energy.