The legislators citeds reporting in their request.The letter indicated that an Oct. 31 calling for officials to look into possible political influence in the selection of areas benefiting from the opportunity zone tax break.
24 report that found several swaths of downtown Detroit received "opportunity zone" tax breaks after Dan Gilbert made a donation to the Trump administration, three legislators called for the treasury inspector general to investigate the matter.Sen.Ĭory Booker, Rep. Legislators call for investigation after Dan Gilbert got a tax break meant for impoverished communitiesįollowings bombshell Oct.
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The Rock Family of Companies has also since set up a website that responds to the charges in the Pro Publica article. Ron Kind also signed a letter urging Congress to look into possible political influence.
Gilbert has invested billions of dollars in downtown real estate and gotten hundreds of millions of dollars in tax breaks, though the exact amount received through the Opportunity Zone legislation isnt known. Treasury Departmentthe ones in Detroit are some of the wealthiest in the city. Those areas are outlined in census tracts designated by the U.S.
Opportunity Zones are meant to provide tax breaks for developers working in distressed communities. Rashida Tlaib joined calls for an investigation into whether contributions by billionaire Dan Gilbert contributed to Opportunity Zone tax breaks for some of his largest developments in downtown Detroit. Rashida Tlaib calls for probe into Dan Gilbert, Opportunity Zonesįollowing a lengthy report by Pro Publica, U.S.
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Dan Gilbert is now the world's 16th richest man after his net worth skyrocketed by $25 billion on TuesdayĬlick to enlarge Wikipedia/Steve JenningsDan Gilbert.ĭan Gilbert is now the planet's 16th-richest human being after his net worth soared by $25 billion Tuesday, fueled by speculative day-trading on the stock market.reported that his single-day increase in wealth represented the biggest daily jump up in the history of their list of wealthiest billionaires alive.Gilbert owns more than 70% of the Rocket family of companies, under which Quicken Loans, the Cleveland Cavaliers, and Bedrock Real Estate are all housed, and which went public earlier this year, sending Gilbert's personal fortune into the stratosphere.The news of Gilbert's bounty is yet another dismal reminder that as hundreds of thousands of people have died from COVID-19 and millions more have been plunged into the depths of poverty and despair, billionaires like Gilbert continue to rake in unprecedented sums.The City of Cleveland, the USA's poorest big city, continues to dole out millions each year for Gilbert's Rocket Mortgage FieldHouse upgrade and recently okayed another handout for his Quicken Loans branch downtown.We live in a broken world.