As the coronavirus pandemic spreads, Mr. Cullen must bolster momentum Detroit has gained since its 2013 bankruptcy. Under the plan, Bedrock won’t collect rent and fees from dozens of small businesses over the next three months. Rent represents a major expense for the book shops, restaurants, gyms, retailers, and other companies Mr. Cullen seeks to help. Mr. Cullen needs to be mindful of his boss’s health and busy schedule, and meet Mr. Gilbert’s demands. Mr. Cullen wants to mobilize Detroit-area residents and his own employees to help small businesses in need.
Source: Wall Street Journal March 23, 2020 14:31 UTC