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April 28, 2014
CRAIN’S DETROIT BUSINESS
RUMBLINGS Crain’s earns citation from high court .S. Supreme Court Justice Sonia Sotomayor referenced Crain’s Detroit Business in her 58page dissent last week to the high court’s decision that affirms Michigan voters’ 2006 decision to ban race-based public university admissions. Sotomayor, in a dissent joined by Justice Ruth Bader Ginsburg to Schuette v. The Coalition to Defend Affirmative Action, Integration and Immigrant Rights and Fight for Equality By Any Means Necessary, notes a Crain’s story from Sept. 18, 2000, “UM policy may hang on election,” by Jeffrey Kosseff. The dissent uses Crain’s and a Detroit Free Press article to dispute Justice Stephen Breyer’s assertion in a separate concurring opinion about whether two court precedent cases were applicable to the Michigan Civil Rights Initiative, or Proposal 2, of 2006. Kosseff’s article in Crain’s at the time recounted contrasting views between some University of Michigan board members and political opponents in the 2000 election, about whether affirmative action was discrimination and whether the university should continue to defend itself in litigation over the admissions practice. Kosseff, then an intern at Crain’s and a UM student, now is an associate attorney at Washington-based Covington & Burling LLP after seven years reporting for The Oregonian. He covered Congress and technology for the paper in D.C. and was a 2007
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Pulitzer Prize finalist for national reporting.
Resale ticket prices soar for Man U-Real Madrid Want to be in the stands when soccer titans Manchester United and Real Madrid clash at Michigan Stadium on Aug. 2? You’ll have to try the secondary ticket market. The globally televised match — part of the eightteam, 12-city Guinness International Champions Cup round-robin exhibition tournament — is sold out, organizers said. More than 100,000 tickets were sold. There were more than 2,200 tickets available on StubHub.com on Friday, ranging from $225 to $1,652. Face value ranged from $45 to $189. The tournament is a product of Relevant Sports, a division of New York City-based RSE Ventures investment firm that was co-founded in 2012 by noted University of Michigan alumni Stephen Ross, the billionaire real estate investor and owner of the Miami Dolphins who has donated $313 million to the university over the years. The university sold 11,000 tickets to donors, students, staff and other universityrelated people. Relevant Sports sold the rest. It reportedly may put a small number of tickets on sale some time before August. The stadium’s normal capacity is 109,901. Relevant didn’t provide a specific ticket sales total. UM’s athletic department
WEEK ON THE WEB FROM WWW.CRAINSDETROIT.COM, WEEK OF APRIL 19-25
isn’t keeping any money from ticket sales or concessions. Instead, it’s getting a lump sum lease fee from Relevant Sports.
ULI to honor Gilbert Dan Gilbert will receive an award from the Urban Land Institute Michigan for his real estate investments, placemaking initiative and bringing thousands of workers to downtown Detroit. A sold-out May 15 event at the Westin Book Cadillac Detroit is expected to draw more than 500 people, including business and real estate executives. An hourlong reception will begin at 6 p.m.; dinner will follow. Gilbert, founder and chairman of Quicken Loans Inc. and Rock Ventures LLC, has spent more than $1.3 billion to purchase and renovate more than 40 buildings, mostly in the central business district, according to ULI Michigan. Past recipients of ULI awards include A. Alfred Taubman (2005), Wayne Doran (2006), the late Robert Larson (2007), Jerome Schostak (2008), Edsel Ford II and Peter Karmanos Jr. (2010), and Sidney Forbes (2012), according to a press release.
E&Y names award finalists Ernst & Young LLP announced the 34 finalists for its Entrepreneur of the Year in the accounting agency’s Michigan and Northwest Ohio Region awards last week. After a nomination period, a panel of local judges picked the finalists from the overall pool of nominees. This current group will now be winnowed down to a list of winners, to be announced at a black-tie gala June 5 at the MGM Grand Detroit. A full list of finalists is at ey.com/us/eoy/mnwo. Regional award winners are eligible for consideration in the firm’s national award program.
BEST FROM THE BLOGS READ THESE POSTS AND MORE AT WWW.CRAINSDETROIT.COM/BLOGS
Tigers smarter on player spending Next best to backyard gardening
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The Detroit Tigers rocketed up 46 spots to No. 51 in this year’s player payroll efficiency index of the teams in the four major U.S. pro sports leagues, published by Bloomberg Businessweek.
A backyard garden is probably not in my immediate future. So I opted for a share in the harvest of ACRE Detroit, a sustainable farm in North Corktown.
Bill Shea’s “Shea’s Stadium” blog on the business of sports is at www.crainsdetroit.com/sheasstadium
Amy Haimerl’s “Small Business” blog can be found at www.crainsdetroit.com/section/blogAmyHaimerl
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Madonna president to retire in ’15 adonna University President Sister Rose Marie Kujawa will retire on June 30, 2015, after the completion of the Livonia-based school’s $50 million capital campaign and construction of a new science and media building. Kujawa, 71, announced Kujawa her intention to retire at a university trustees meeting last week, according to a news release. Next year will be her 14th as president.
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ON THE MOVE Ford Motor Co. is ex-
pected to name COO Mark Fields, 53, its next CEO and announce soon when current CEO Alan Mulally, 68, will retire from the Dearborn-based automaker, Bloomberg reported. Chacona Johnson was named Wayne State University’s vice president for development and alumni affairs and president of the Wayne State University Foundation. She had been WSU’s interim vice president for development and alumni affairs and replaces David Ripple, leaving to become vice president of development at Ohio State University. Wayne State University named Stephen Lanier its vice president of research. He has been associate provost for research and professor of cell and molecular pharmacology and experimental therapeutics at the Medical University of South Carolina, Charleston. Lanier will replace Hilary Ratner, who, after a year’s sabbatical, will take a new position at WSU. Gwen MacKenzie, CEO of Sarasota Memorial Hospital in Florida, was named senior vice president and Michigan market leader for Novi-based Ascension Health Michigan, effective June 2. She spent 25 years at Detroit Medical Center as COO and president of several hospitals. Patricia Maryland, COO of St. Louis-based parent Ascension Health, had been CEO of Ascension Michigan. The Novi-based Fifth Third Bank Michigan State Fair hired Steve Masters, 46, former executive director of the Bays de Noc Convention & Visitors Bureau in Es-
canaba, as its first full-time executive director. Southfield-based advertising agency Doner Partners LLC hired Elizabeth Boone, 48, as chief marketing officer and executive vice president. A former Doner senior vice president, Boone most recently was a vice president at San Francisco-based Federated Media Publishing LLC. As CMO, she replaces James Ward, promoted in December to chief strategy and integration officer. Troy-based Automation Alley named Kelly Kozlowski, 30, as senior director. Kozlowski succeeds retired Thomas Anderson, 66, and continues to lead the public affairs team for the nonprofit. Tom Kelly, a tech business consultant for the Michigan Small Business Development Center, was named Automation Alley’s first director of entrepreneurial services. The alt-weekly Detroit Metro Times hired Valerie Vande Panne as editor-inchief. She has written for The Daily Beast, Salon.com and Crain’s Detroit Business. John Latessa, senior managing director for the Southfield office of CBRE Inc., will add Indianapolis, St. Louis and Kansas City operations to his portfolio, which includes Detroit, Cincinnati, Cleveland and Columbus, Ohio.
COMPANY NEWS The Michigan Strategic Fund board approved a $2.3 million state grant to help Troy-based Molina Healthcare of Michigan consolidate its Midwest operations into Michigan, which Molina said will bring 462 new jobs to Troy and Detroit. Live radio broadcasts of Detroit Pistons games will move to Greater Media Inc.owned WMGC 105.1 FM next season in a three-year deal. Games had aired on WXYTFM 97.1, owned by CBS Sports Radio Inc. Also, Pistons owner Tom Gores hired executive search firm Los Angeles-based Korn/Ferry International to help find a new president of basketball operations/general manager following Joe Dumars’ resignation. Ann Arbor-based Truven Health Analytics named Providence Hospital and Medical Center, Southfield, and St. Joseph Mercy Hospital, Ann Arbor, as best in their fields in its 2014 Top Hospitals list. Spirit Airlines Inc. added daily nonstop service between Detroit Metropolitan Airport and Kansas City International Airport beginning Aug. 7.
OTHER NEWS Detroit was one of 15 cities invited by the Democratic National Committee to make a pitch to host the presidential nominating convention in 2016. U.S. Bankruptcy Judge Steven Rhodes, overseeing Detroit’s bankruptcy, selected experts from Boston and New York to advise him on the city’s plan to exit Chapter 9. Representatives from the Metropolitan Atlanta Rapid Transit Authority, the police department that oversees that city’s public transportation system, will travel to Detroit May 16 to recruit at military bases and colleges, AP reported. U.S. Treasury Secretary Jacob Lew visited Detroit to explore ways to promote job creation and economic growth, AP reported. The $16.7 million redevelopment of two buildings in Detroit’s Cass Corridor began with a ceremonial groundbreaking. The buildings, at 3350 Cass Ave. and 149 Davenport St., will be renovated into low-income housing units by next year. The Council of Great Lakes Governors said it is teaming with former U.S. Treasury Secretary Henry Paulson to attract foreign manufacturing investment, and is planning a “competitiveness forum” this summer in Detroit, AP reported. Diego Rivera’s Detroit Industry murals at the Detroit Institute of Arts were designated as national historic landmarks by the National Historic Landmarks Program, AP reported. The Belle Isle Conservancy enlisted volunteers to clean up Belle Isle and transfer koi from the aquarium to an outdoor pond between the Detroit aquarium and the Anna Scripps Whitcomb Conservatory. Michigan Treasurer Kevin Clinton signed a consent agreement with Royal Oak Township’s supervisor following negotiations on managing the community’s financial emergency confirmed last month by Gov. Rick Snyder. Kenneth Flaska of Grosse Pointe Park, a former partner and litigator at Bloomfield Hills-based Dawda, Mann, Mulcahy & Sadler PLC, pleaded guilty to federal allegations he defrauded the firm and its clients of more than $2.5 million in the past decade. Comerica Bank’s Michigan Economic Activity Index fell 2.1 percentage points in February to a level of 123.4, its fourth straight month of decline.