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Speaker 1: This episode is brought to you by P and C Bank.

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Speaker 1: A lot of people think podcasts about work are boring,

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Speaker 1: and sure they definitely can be, but understanding a professionals

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Speaker 1: routine shows us how they achieve their success little by little,

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Speaker 1: day after day. It's like banking with P and C Bank.

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Speaker 1: It might seem boring to safe plan and make calculated

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Speaker 1: decisions with your bank, but keeping your money boring is

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Speaker 1: what helps you live or more happily fulfilled life. P

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Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

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Speaker 1: Boring since eighteen sixty five is a service mark of

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Speaker 1: the PNC Financial Service Group, Inc. P and C Bank

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Speaker 1: National Association Member FDIC erness What's Up? You ever walk

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Speaker 1: pushing your vision forward.

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Speaker 2: So we talked about, you know, you being the CEO

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Speaker 2: of Bedrock and you guys have deployed billions of dollars

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Speaker 2: in capital. So how did you land at that position?

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Speaker 3: Yeah, you know, it's actually interesting. As you pointed out,

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Speaker 3: I'd been in California for a significant part of my

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Speaker 3: professional life as a real estate developer, and I certainly

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Speaker 3: had also been in Cleveland. When I left my position

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Speaker 3: as executive vice president and the chief administrative officer of

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Speaker 3: the Cleveland Browns in two thousand and five, went to

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Speaker 3: San Francisco and was recruited there by a company called Leonage.

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Speaker 4: It's the largest home builder in the US.

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Speaker 3: And I ran the San Francisco Bay Area office doing

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Speaker 3: master plank communities.

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Speaker 5: But I did that for about ten years, and the

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Speaker 5: company was spun off that endeavor, which was called five

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Speaker 5: point and five point essentially focused. It took all the

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Speaker 5: experience and diligence we had in building master planning communities

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Speaker 5: in the urban community setting, and we began to continue

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Speaker 5: develop i should say, properties in San Francisco, Irvine, and

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Speaker 5: in Valencia.

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Speaker 4: And I did that for five years. We took that

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Speaker 4: company public.

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Speaker 3: I did that for five years, and then in twenty

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Speaker 3: twenty I actually retired.

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Speaker 4: I'd been at it for quite a while.

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Speaker 3: And those of you who are in real estate development

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Speaker 3: may know that it can be fairly taxing, and I

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Speaker 3: can tell you that in California it is doubly taxing.

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Speaker 3: I can tell you in San Francisco is triply taxing.

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Speaker 3: So I felt I had done what I needed to

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Speaker 3: do and retired in twenty twenty. But if you all recall,

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Speaker 3: the beginning part of twenty twenty was also the beginning

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Speaker 3: of the five letter word COVID, and so there we

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Speaker 3: were retired with nowhere to go, nothing to do, nowhere

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Speaker 3: to go, and everybody sort of hunker down. And it

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Speaker 3: was about that time that I received a call from

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Speaker 3: a headhunter. And I always joked that the only reason

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Speaker 3: that I picked up that call was because I had

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Speaker 3: nowhere to go. Otherwise my wife and I would have

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Speaker 3: been halfway around the world, maybe even in Ghana. But

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Speaker 3: as it turned out, there I was at home and

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Speaker 3: the headhunter invited us to take a look at Detroit

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Speaker 3: and asked me if I would consider becoming the CEO

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Speaker 3: of Bedrock, and I frankly, initially I had turned it down,

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Speaker 3: but again, after two months of frankly sitting at home,

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Speaker 3: I decided my wife and I decided to check out Detroit.

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Speaker 3: And as I had just mentioned, I had spent a

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Speaker 3: significan amount of time about almost eight years in Cleveland,

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Speaker 3: so I had a sense of Detroit and frankly the

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Speaker 3: Detroit from ninety eight to two thousand and five.

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Speaker 4: I was there.

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Speaker 3: When I was in Cleveland, I'd been through Detroit and

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Speaker 3: Detroit wasn't doing that well.

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Speaker 4: But my interest was piqued and we flew out to Detroit.

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Speaker 4: And I will tell you that I was very, very.

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Speaker 3: Pleasantly surprised this city was on the rebound and had

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Speaker 3: a certain energy to it.

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Speaker 4: But I had yet to meet the chairman, Dan Gilbert.

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Speaker 6: So when I met with my wife and I met

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Speaker 6: mister Gilbert and his wife, we talked to him about

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Speaker 6: what he was looking for in terms of this company

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Speaker 6: and what his vision was.

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Speaker 3: And when he explained his vision, it was really bringing

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Speaker 3: these cities of Detroit and Cleveland back to their prominence

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Speaker 3: as twenty first century world class cities, it resonated with me,

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Speaker 3: and that's essentially why I decided that I would, indeed,

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Speaker 3: as I say, get off the couch and take.

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Speaker 4: The helm of this wonderful company. So that's how I

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Speaker 4: ended up in Detroit.

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Speaker 1: So we got to say thank you for getting off

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Speaker 1: the couch. That wasn't an easy task. We've been due

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Speaker 1: to Detroit. Shout to everybody in Detroit. We get a

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Speaker 1: lot of support there. We've been there. I wonder when

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Speaker 1: you took on the task. Looking at it, right, there's

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Speaker 1: the downtown area where we know that Ally and Rocket Mortgage,

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Speaker 1: and we could see all the infrastructure being built downtown.

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Speaker 4: What was the plan?

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Speaker 1: Looking at it from a five to ten year. Standpoint

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Speaker 1: of how we revitalize this is it we start here

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Speaker 1: and build out, or do we build out?

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Speaker 4: Like what were you guys.

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Speaker 1: Looking at before you said all right, I'm going to

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Speaker 1: I'm taking this task one.

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Speaker 3: Well, candidly, the folks who had been in before me

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Speaker 3: had done a tremendous job, as I say, building up Detroit.

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Speaker 7: And I think there's no question that the city's developed

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Speaker 7: from the core downtown out, primarily because the downtowns are

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Speaker 7: the biggest revenue generators of any city, and the revenue

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Speaker 7: generated from the downtown is fundamentally what funds a significant

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Speaker 7: amount of the services for the rest of the city.

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Speaker 7: So a downtown that has declining tax revenues is a

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Speaker 7: downtown that frankly can barely sustain the quality of services

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Speaker 7: required for the rest of the city. And so I

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Speaker 7: think it was very obvious that the downtown areas of

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Speaker 7: Detroit needed resuscitation, and that's the work that had begun

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Speaker 7: before I got here, and being here, I think has

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Speaker 7: been very clear that not only do you have to

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Speaker 7: build the physical elements of the downtown, and certainly, and

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Speaker 7: we take pride in the fact that we're able to

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Speaker 7: take these classic buildings, renovate them, re energize them, and

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Speaker 7: frankly repopulate them. But it's also just as important for

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Speaker 7: us to think about the spaces in between the buildings,

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Speaker 7: and those spaces belong to the whole city, and those

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Speaker 7: are the spaces that we create activities and energize those

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Speaker 7: spaces to ensure that folks in the broader city will

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Speaker 7: have a reason to come downtown.

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Speaker 4: And we've been spending quite a bit of time doing

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Speaker 4: that in the.

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Speaker 3: Public spaces and places between the buildings, to the point.

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Speaker 4: Where we had a roller rink downtown.

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Speaker 6: We created a wonderful winter festival area downtown.

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Speaker 4: We also support major national and international events.

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Speaker 3: We're coming up soon to the Grand Prix Detroit Grand

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Speaker 3: Prix coming downtown. We followed quickly by Movement, which is

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Speaker 3: electronic music festival, and then soon thereafter we are bringing

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Speaker 3: in the Afro Nation Festival again to really fight the

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Speaker 3: rest of the world to come to Detroit, and in

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Speaker 3: doing so, I think refresh their memories of what a

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Speaker 3: great city this is and perhaps just encourage them to

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Speaker 3: maybe think about a relocation into this city.

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Speaker 8: An illegal alien from Guatemala charged with raping a child

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Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 8: accused of murdering a Texas man of Venezuelan charged with

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Speaker 8: filming and selling child pornography in Michigan. These are just

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Speaker 8: some of the heinous migrant criminals caught because of President

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Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 8: crossings are at the lowest levels ever recorded, and over

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Speaker 8: one hundred thousand illegal aliens have been arrested. If you

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Speaker 8: are here illegally, your next you will be fine nearly

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Speaker 8: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 8: never return. But if you register using our CBP home

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Speaker 8: app and leave now, you could be allowed to return legally.

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Speaker 8: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 8: border and families will be protected.

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Speaker 4: Sponsored by the United States Department of Homeland Security,