Monday, October 10, 2011

Detroit #1 on Forbes' List of America's Most Dangerous Cities!

The Benefits of Casino Gaming?

Click to see Dangerous Cities List
For 15 years Detroiters like Michael Malik and Marian Ilitch have told people there that opening up gambling halls would bring the kind of positive economic change that Detroit needs to turn itself around.  The same thing they tell people in Port Huron or Flint (MI), or Elmont (NY), or Barstow (CA). 

Really?  Because Detroit’s three gambling halls have been open and even expanded during this past decade and yet...
From Forbes this past week:
Detroit is America’s #1 Most Dangerous City!
From Huffington Post in March:
New census data indicates Detroit's population dropped by a startling 25 percent in the last decade, from 951,270 in 2000 to 713,777 last year. That's a 60 percent decline from its 1950 peak population -- 1.85 million -- and the lowest count since the 1910 Census put the then-promising Motor City's population at 285,704.
From last January:During the 10 years ended in the 1st Quarter of 2011, Detroit Home Prices had the worst performance in the country, with appreciation during the decade of -26%. 
From the U.S. Dept of Labor, Bureau of Labor Statistics:

Who Really Benefits from Casino Gaming?
The Ilitch Family (owners of Detroit’s Motor Casino, Red Wings Hockey and Tigers Baseball teams, and Little Caesars’ pizza), Michael Malik and their other PR agents have used those same economic benefit arguments every time they want something from Detroit’s hard working taxpayers – when they want to condemn property or get the Deed City controlled property for "free" (without consideration);  when they ask taxpayers to fund demolition of buildings they’ve let fall into disrepair;  when they secure ticket tax breaks; or worse yet, want the taxpayers to subsidize their parking, sports and entertainment venues.

In truth, the only Detroiters better off today than they were 10 years ago have the last name “Ilitch.”
Last month, in its annual ranking of the 400 Richest Americans, Forbes reported that during the last year, the Ilitch family’s net worth went from $1.7 Billion to $2.0 Billion!  They are #212 on the list of 400 Richest Americans.   In 2004, Forbes estimated the Ilitch Family’s worth at $750 million.

Beware Detroiters who roll into your town and extol the economics of casino development!  They only people who will be enriched are the Detroiters.  They’ll even prey on their own.

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Google News: Indian Gaming

NEWS: Bay Mills Indian Community & Casino Proposals

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certainly must reads!

Ilitch has backed loosing sports teams and pizza, but casinos in Detroit? 10.09.06 ● Marian Ilitch #1 on "25 Most Powerful People" to Watch 2006” global gaming business o1.oo.o5 ● My Kingdom for a Casino Forbes 05.08.06 ● Big Lagoon’s casino dream awakens north coast journal 07.28.05 ● Shinnecocks launch legal claim to Hamptons land 06.16.05 ● Ilitch Plans to Expand Casino Empire 07.05.05 ● Ilitch outbids partners 04.14.05 ● Ilitch enmeshed in NY casino dispute 03.20.05 ● Marian Ilitch, high roller 03.20.05 ● MGM Mirage to Decide on Offer for Casino in Detroit 04.16.05 ● Secret deal for MotorCity alleged 02.15.05 ● Los Coyotes get new developer 02.08.05 Detroit casino figure to finance Barstow project 07.07.03 ● Indian Band trying to put casino in Barstow 06.04.03 Pizza matriarch takes on casino roles 10.23.02 ● Vanderbilt gets short straw in negotiations for a casino Lansing Journal 10.06.02 ● Indians aim to drive family from tribe in vicious dispute san diego union tribune 04.09.00 ●Malik owns 2000 Michigan Quarter Horse of the Year 01.01.00 ● Detroit Team to run Michigan’s newest Indian casino 05.23.99 Tiger ties tangle Marian Ilitch 04.29.99 ● Three investors must sell their Detroit casino interests 04.25.99 ● Partners’ cash revived election; They say money was crucial to Prop-E 04.25.99 Investors have troubled histories las vegas review journal 04.27.99 ● Investor served probation for domestic assault on 12 year old boy 04.25.99 Can a pair win a jackpot?: local men hope to... 03.17.97

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