Dec 6, 2012, 12:59 PM EDT
Red Wings owner Mike Ilitch got some good news Wednesday when the Michigan Senate approved legislation allowing public funds to be used to help build a new downtown arena for the hockey club.
The vote, however, was far from unanimous, with critics arguing the money should go towards education, not to subsidize pro sports.
From the Associated Press:
The bill approved by the Senate would allow use of tax dollars collected by the city’s Downtown Development Authority for the project. DDAs capture shares of local tax revenue to support development activities such as marketing and buying property.
Senate Democratic leader Gretchen Whitmer opposed the measure as a drain on funding for Detroit’s public schools.
The city’s DDA has been allowed for nearly two decades to pay down general obligation bonds with about $12.8 million a year that otherwise would have gone to education, she said. Now that those bonds are paid off, the bill would tap that same revenue stream for Ilitch’s project instead of finally steering the money back to education.
“This is a direct subsidy by school kids to allow a billionaire to build a hockey arena,” Whitmer said. “That’s the Republican agenda we all know and love. … It makes me sick. I hear my colleagues say, ‘Oh, this is for Detroit and we’re all in favor of Detroit now,’ because one billionaire called you.'”
Supporters of the bill argue the $650 million development will create 8,300 new construction jobs and pump millions of dollars into the economy, with no new taxes required.
The legislation still needs to be approved by the state’s Republican-controlled House of Representatives.
Aug 31, 2015, 3:00 PM EDT
Looking to score an AHL deal.
Aug 31, 2015, 2:12 PM EDT
You can expect this question to be asked throughout the year.
Aug 31, 2015, 1:00 PM EDT
Heck, the ‘Hawks are still over the salary cap ceiling.
Aug 31, 2015, 12:00 PM EDT
Chicago’s star forward remains under police investigation.
Aug 31, 2015, 11:00 AM EDT
Can his KHL success translate to North America?
Aug 31, 2015, 10:04 AM EDT
Plenty of changes in the Windy City.
Aug 31, 2015, 9:00 AM EDT
The defending Stanley Cup champs dealt away key pieces in the offseason.
Aug 31, 2015, 8:00 AM EDT
Monday’s collection of links.
Aug 30, 2015, 9:00 PM EDT
The 36-year-old is still looking for a contract after being bought out by the Wild.
Aug 30, 2015, 7:00 PM EDT
The Wild ranked 27th overall last season with the man advantage.
Aug 30, 2015, 5:00 PM EDT
Granlund scored just eight goals last season while playing between Pominville and Parise.
Aug 30, 2015, 3:00 PM EDT
He’s hoping to crack the Wild’s opening night roster after three seasons at the University of Minnesota.
Aug 30, 2015, 1:30 PM EDT
He’ll have to prove last season was not a fluke.
Aug 30, 2015, 12:00 PM EDT
Both blue liners are unrestricted free agents.
Aug 30, 2015, 10:30 AM EDT
Can they take a step forward this season?
Aug 30, 2015, 9:00 AM EDT
Starring Devan Dubnyk.
Aug 29, 2015, 9:00 PM EDT
He’s currently an unrestricted free agent.
Aug 29, 2015, 7:30 PM EDT
Columbus bet heavily on him this summer.
Aug 29, 2015, 6:00 PM EDT
Just making the postseason would be seen as a good season, but perhaps the Blue Jackets are in position to do more.
Aug 29, 2015, 4:30 PM EDT
Carey Price leads the pack.
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