Support Local Journalism. Donate to Detroit Metro Times.

Thursday, January 28, 2016

Pistons owner says he'll raise $10M for Flint

Posted By on Thu, Jan 28, 2016 at 9:39 AM

click to enlarge TOM GORES
  • Tom Gores
Tom Gores is putting on for Flint. Thursday morning the Detroit Pistons owner announced his plans to raise at least $10 million in aid for Flint water relief efforts.

Gores, who grew up in suburban Flint, said government support and emergency funding isn't going to be enough, especially not in the long-term, and he's willing to put his own money up if he has to.  

"Flint was once a cornerstone of American industry that gave a lot to this country. We need help now more than ever and ask that people from coast to coast continue stepping up,” Gores said in a statement.

The billionaire investor's going to make use of his own Rolodex to solicit cash and is establishing a task force to rally support, identify needs, and make sure any money raised is being spent where it's needed most. 

"I am committed to helping drive that effort. I grew up in Flint, my family has strong roots there, and I believe in the people who live there," he said. Gores' family moved to Flint from Israel when he was four and his father owned a grocery store. Gores graduated from Genesee High School and MSU and went on to found Platinum Equity, a global investment firm that's been making people rich since 1995. The Pistons and Palace Sports & Entertainment became his for $325 million in 2011. 

Tags: , , ,

We’re keeping you informed…
...and it’s what we love to do. From local politics and culture to national news that hits close to home, Metro Times has been keeping Detroit informed for years.

It’s never been more important to support local news sources. A free press means accountability and a well-informed public, and we want to keep our unique and independent reporting available for many, many years to come.

If quality journalism is important to you, please consider a donation to Metro Times. Every reader contribution is valuable and so appreciated, and goes directly to support our coverage of critical issues and neighborhood culture. Thank you.

Read the Digital Print Issue

March 25, 2020


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Best Things to Do In Detroit