Gilbert Pledges $1B to Nonprofit for Renaissance Center Overhaul
Detroit – October 19, 2026 -- Dan Gilbert, founder and chairman of Rocket Companies and Bedrock, pledged approximately $1 billion in development capital to a new nonprofit that will redevelop, own and operate the Renaissance Center and the surrounding 35-acre east riverfront district. The gift will not be repaid, and Gilbert and his companies will receive no profits from the project.
The project carries a $2.2 billion development plan. The district currently consists largely of surface parking lots.