DETROIT (February 8, 2023) – A sweeping community development sponsored by Henry Ford Health, Tom Gores and the Detroit Pistons, and Michigan State University intends to invest $2.5 billion over the next decade to turn Detroit’s New Center neighborhood into a vibrant, walkable community with state-of-the-art residential, commercial, retail, recreational and health care components.
The development will be anchored by a reimagined Henry Ford Health academic healthcare campus, the highlight of which is a major expansion of Henry Ford Hospital including a brand new one-million-square-foot plus facility and patient tower. It also includes a new, cutting-edge medical research facility for Henry Ford Health + Michigan State University Health Sciences, part of Henry Ford Health’s 30-year partnership with Michigan State University.
The plan includes a significant expansion of the partnership between Henry Ford Health and Mr. Gores and the Detroit Pistons, who joined on a $137 million facility in 2019 that relocated the Pistons franchise back to Detroit and into the new Henry Ford Detroit Pistons Performance Center and Center for Athletic Medicine on Second Avenue adjacent to New Center.
Ad Statistics
Times Displayed: 345944
Times Visited: 21062 MIT labs, experts in Multi-Vendor component level repair of: MRI Coils, RF amplifiers, Gradient Amplifiers Contrast Media Injectors. System repairs, sub-assembly repairs, component level repairs, refurbish/calibrate. info@mitlabsusa.com/+1 (305) 470-8013
“When we acquired the Pistons more than a decade ago, our vision was larger than simply owning an NBA basketball franchise,” Mr. Gores said. “I viewed this from the start as a ‘community asset’ that was uniquely positioned to participate in the continuing reinvention of Detroit and to be impactful in the lives of its residents.
“Our plan in Detroit has focused on bringing people and organizations together and creating meaningful partnerships that accelerate growth, create opportunity and contribute to the revitalization of the city,” he said. “We are uniquely positioned and fortunate to have our partners at Henry Ford Health support the reimagination of our shared neighborhood, which will create jobs and housing for a new generation of Detroiters.”
Mr. Gores praised the Henry Ford Health team, notably President and CEO Robert G. Riney: “Bob is a passionate leader who has devoted his career to serving the health of the Detroit community, and I look forward to working together to bring our shared vision to reality.
Mr. Riney said the power of partnership is vital in redefining and rebuilding neighborhoods across Detroit.
“The reimagination of our healthcare campus in Detroit has been a long-held vision for us and we’ve taken exceptional pride in challenging ourselves – a quest to discover what’s truly possible alongside our partners,” Mr. Riney said. “We’ve welcomed Tom Gores’ ‘big thinking’ approach since the very start of our partnership. He’s a great catalyst in stretching people’s expectations and aspirations, and has really helped us drive a common mission and vision that will help us create something truly transformative for our patients and families, our communities, as well as the best team in healthcare.”
