Chase Continues to Rebuild Capitol Park
Chase continues efforts to aid Detroit’s financial recovery.
Officials with J.P Morgan Chase Bank say they are continuing to redevelop Detroit’s Capitol Park by breaking ground on two downtown buildings.
Last year company officials said they would earmark $100 million over five years to help Detroit’s economic recovery.
Chase Chair and CEO Jamie Dimon says the company has already invested about a third of that money into the city.
“The $100 million effort was a special effort to make investments in community development and works skills initiatives developments like this and after one year we actually $34 million of that money to work to try to help Detroit,” Dimon says.
Dimon says another $32 million has been invested to help remove debt and finance the Capitol Park Lofts and the Detroit Savings Bank.
