Pension Board Blinks As GM Seeks $500 Million For RenCen Refinance

Though no formal up or down vote has been called, General Motors may be out of luck getting the $500 million in local refinancing » 10/10/08 10:40am 10/10/08 10:40am for its Renaissance Center world headquarters we reported on Tuesday. The now says members of Detroit's city pension board and Police & Firefighter's Fund board think GM's refi request is…

GM Attempting To Refinance HQ, Threatening To Sell Renaissance Center?

The Detroit News » 10/07/08 5:00pm 10/07/08 5:00pm reports that General Motors is attempting to borrow $500 million from one or both of Detroit's pension funds to refinance its corporate headquarters. GM is saying it may have to sell the complex if a refinancing deal isn't reached, despite the fact the company just took full ownership of the facility …

Hotel In GM's Renaissance Center To Get $15 Million Bathroom Renovations


And if you've ever stayed the night there, you'll know the hotel guest bathrooms need some upgrading. The hotel in the center of GM's phallic tower o' power plans on getting the guest room renovations done this year. Next year, work will begin on renovations to the restaurant, lobby bar and main lobby. In honor of… » 10/02/07 12:30pm 10/02/07 12:30pm

Breaking Even: CNBC's Phil LeBeau "Causes" Accident In Front Of GM World…

The message the General's giving on their earnings is that the NorAm operational net losses were only $46 million, an amount Rick Wagoner said this morning live on CNBC was "essentially breaking even." OK, that's a total load of crap — especially considering the automaker has sold more cars globally during the first… » 5/03/07 12:02pm 5/03/07 12:02pm

Hey, GM — There's Free Ice Cream Downstairs!

If you're one of the thousands of zombies pecking away at your keyboards today at the RenCen, or you happen to be in downtown Detroit — just in case you hadn't heard yet — there will be a rally downstairs at noon to celebrate the start of tomorrow's Detroit Tigers World Series run. And yes, like all events hosted by… » 10/20/06 12:25pm 10/20/06 12:25pm

The RenCen As Phallacious Prophecy: Building General Motors' World…

The General's world headquarters, the Renaissance Center, is a phallic protuberance at the tip of the city of Detroit — a way for the city, home to the world's biggest automaker, to show the rest of the world that they're still the big swingin' dick of the industry, despite the blight and urban decay surrounding it…

» 10/09/06 9:13am 10/09/06 9:13am