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Detroit plans for new downtown arena

Thursday, 06.20.2013 / 10:03 AM ET / News
Associated Press
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Detroit plans for new downtown arena

DETROIT - The Red Wings and city officials on Wednesday announced a $650 million plan for a new arena development for the NHL team in Detroit's downtown entertainment and sports district.

Plans for the 18,000-seat arena were announced Wednesday at a meeting of economic development officials to approve the deal. Red Wings owner Mike Ilitch has long said he wanted a replacement for the 32-year-old Joe Louis Arena.

The Red Wings said there will be $367 million in private investment and $283 million in public funds in the complex, which would also include residential, retail and office space. Developers said the public money would come from existing economic development funds and requires no new taxes or funds from the cash-strapped city, which is the largest in the country under state financial oversight.

The city's Downtown Development Authority approved a memorandum of understanding with Wayne County, home to Detroit, and Olympia Development of Michigan, which is owned by Mike and Marian Ilitch. Mike Ilitch also owns the Detroit Tigers, and his family owns Little Caesars Pizza and downtown Detroit's Fox Theatre.

The arena would be at Interstate 75 and Woodward Avenue, near the Detroit Tigers' Comerica Park and the Detroit Lions' Ford Field.

Michigan lawmakers in December approved a measure allowing tax dollars collected by the Downtown Development Authority to be used for the development. The DDA has been allowed for nearly two decades to pay down Detroit's general obligation bonds with about $12.8 million a year that otherwise would have gone to education statewide.

Developers and supporters of that legislation said it will create upward of 8,300 new construction jobs and pump $1 billion into Michigan's economy. Opponents counter that funding a private stadium with taxpayer dollars shouldn't be a priority, especially when that money was otherwise going to the School Aid Fund.

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  TEAM GP W L OT GF GA PTS
1 p - NYR 82 53 22 7 248 187 113
2 y - MTL 82 50 22 10 214 184 110
3 x - TBL 82 50 24 8 259 206 108
4 x - WSH 82 45 26 11 237 199 101
5 x - NYI 82 47 28 7 245 224 101
6 x - DET 82 43 25 14 231 211 100
7 x - OTT 82 43 26 13 232 208 99
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9 BOS 82 41 27 14 209 201 96
10 FLA 82 38 29 15 198 213 91
11 CBJ 82 42 35 5 227 248 89
12 PHI 82 33 31 18 212 223 84
13 NJD 82 32 36 14 176 209 78
14 CAR 82 30 41 11 183 219 71
15 TOR 82 30 44 8 206 257 68
16 BUF 82 23 51 8 153 269 54

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2014-2015 REGULAR SEASON
SKATERS: GP G A +/- Pts
H. Zetterberg 77 17 49 -6 66
P. Datsyuk 63 26 39 12 65
T. Tatar 82 29 27 6 56
G. Nyquist 82 27 27 -11 54
J. Abdelkader 71 23 21 3 44
N. Kronwall 80 9 35 -4 44
R. Sheahan 79 13 23 -3 36
D. Helm 75 15 18 7 33
D. DeKeyser 80 2 29 11 31
S. Weiss 52 9 16 -2 25
 
GOALIES: W L OT Sv% GAA
J. Howard 23 13 11 .910 2.44
P. Mrazek 16 9 2 .918 2.38

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