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STORY * USA - Matty Moroun and his big slice of Detroit
(Photo by SUSAN TUSA/Detroit Free Press - Manuel "Matty" Moroun)Detroit,MICH,USA -The Free Press, by JOHN GALLAGHER -April 11, 2010: Whether battling to keep control of Detroit's only bridge to Canada or sparring with neighbors over his blighted Michigan Central Station, businessman Manuel (Matty) Moroun faces a wealth of controversy... It doesn't help his public image that he's rich, reclusive and he's suing the City of Detroit, the State of Michigan and the government of Canada, among others... But when it comes to owning big chunks of real estate in Detroit's most depressed districts, Moroun sees no controversy. He is unabashedly proud of his record -- and thinks Detroiters should be, too... The billionaire owns at least 625 parcels in the city, and likely many more, making him one of Detroit's biggest private property owners, according to a Free Press review of Wayne County land records... In a rare face-to-face interview at his corporate headquarters in Warren, Moroun said his landholdings are designed to help Detroit rebuild its economy, and may yet succeed...
(Photo by PATRICIA BECK/Detroit Free Press - The Ambassador Bridge peeks from behind Michigan Central Station in Detroit. Both are owned by billionaire trucking and real estate magnate Manuel (Matty) Moroun, whose vast landholdings position him to influence any economic resurgence in Detroit)The Free Press review of Moroun's landholdings in Detroit sheds light on a little-known slice of Moroun's vast business empire. Estimated by Forbes magazine to be worth $1.3 billion, Moroun controls a trucking and real estate network employing about 10,000 workers in the U.S., Canada and Mexico... It began in Detroit, where Moroun started buying land decades ago. He has concentrated his holdings in districts that represent potential hubs of industry and transportation. That gives him an opportunity to influence any economic resurgence of the city -- and could make him a fortune off land in what is now some of Detroit's most desolate areas...
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