Power 107.5

The only person making real money in the 216 since the departure of LB is the Owner of the Cavs Dan Gilbert, he just reached a deal to sell  Greektown Casino-Hotel in downtown Detroit. According to Fox News Columbus ..”Under the agreement, Penn National will acquire the operating assets of Greektown for about $300 million and VICI Properties will acquire the land and real estate assets for about $700 million. In a statement, Gilbert and his companies say they are targeting the capital proceeds from the sale for investment in Detroit real estate and business development. Gilbert already has a major real estate presence in Detroit and has been a key player in the revitalization of the city’s downtown.” For the full story click Here