The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
Jolly Farmer 2003, the American Discount Golf Store has been run from the premises. The pub sat at the junction of the London to Land's End turnpike road, now the A30 London Road, and the London to Portsmouth turnpike, now the A325 Portsmouth Road. The junction has been an important landmark and mentioned in early motoring itineraries. It was originally a simple fork in the road and was converted into the current roundabout layout in 1960. Notes Citations Jolly Farmer The Jolly Farmer, formerly the Golden Farmer, is a former pub and roundabout on the boundary between Camberley and Bagshot in Surrey,