Dec 26, 2012, 10:25 AM EST
The Detroit Red Wings’ plans to build a new arena came under scrutiny thanks to them getting taxpayer money to fund the project. A recent financial report won’t be doing the team any favors for how things look on the surface.
Christine MacDonald of The Detroit News reports the team and owner Mike Ilitch may owe the struggling city up to $70 million thanks to an old provision in the team’s television contract as it concerns the city-owned Joe Louis Arena. As you might suspect, this isn’t going over well with city politicians.
“The Ilitches are a multibillion-dollar operation, and they are inside a city that is sinking,” said City Councilman Kwame Kenyatta. “(Mike Ilitch), I am sure, knows about this and should be forthcoming to help the city. Help us by writing a check, not by negotiating a new lease.”
Oh yeah, the lease. The team’s lease to play at The Joe expired in 2010. Since then, the team reportedly hasn’t paid rent nor property taxes to play there and the city hasn’t gotten their cut of concessions either. Whoops.
As George Malik of blog Abel To Yzerman says, however, Detroit’s financial problems are huge and what the Wings may or may not owe the city is just a drop in a very broke bucket. That said, perhaps the city should think about forking money over for a new building if they’re owed such a big stack of cash as it is.
Dec 22, 2014, 3:31 PM EST
“He’s 21 years old. I think we’re getting a lot out of a 21 year-old defenseman right now.”
Dec 22, 2014, 3:20 PM EST
Signs with HC Slovan Bratislava.
Dec 22, 2014, 2:14 PM EST
Have won eight straight at home, but must travel to Anaheim tonight.
Dec 22, 2014, 1:15 PM EST
“Is it true? I don’t know.”
Dec 22, 2014, 12:52 PM EST
After teammates Travis Zajac and Adam Larsson both had them.
Dec 22, 2014, 12:40 PM EST
Oh no, not this again.
Dec 22, 2014, 12:28 PM EST
Will GM Chuck Fletcher do anything about it?
Dec 22, 2014, 12:12 PM EST
Kings’ center broke out of his slump in a major way.
Dec 22, 2014, 12:06 PM EST
“I talked with Dallas and they think it’s a good experience for me to play for my country and play for the national team.”
Dec 22, 2014, 11:36 AM EST
Connor McDavid and Sam Reinhart will be the alternates.
Dec 22, 2014, 11:33 AM EST
Lots of pressure on the Bruins and Leafs.
Dec 22, 2014, 11:28 AM EST
Will Willie Mitchell and Kris Letang square off again tonight in Florida?
Dec 22, 2014, 10:02 AM EST
“I’ve used almost every strategy I’ve got, and I love him.”
Dec 22, 2014, 9:42 AM EST
Volpatti will return to the long-term injured reserve list.
Dec 22, 2014, 8:54 AM EST
Brian Gionta was injured as a result of the blow.
Dec 22, 2014, 8:00 AM EST
Monday’s collection of links.
Dec 22, 2014, 12:16 AM EST
He’s the oldest goalie to win his debut since Hugh Lehman in 1926.
Dec 21, 2014, 10:38 PM EST
Buffalo suffered its third straight loss.
Dec 21, 2014, 10:07 PM EST
Toronto has lost three straight games.
- Daly: Fehr’s lockout prediction ‘naive and uneducated’ 13
- Pens send Downie, Sutter, Greiss home for mumps test (Updated) 9
- The Atlantic Division race is going to be fascinating 18
- Flyers rally as Zepp wins his career debut at 33 years old 19
- Oilers squander three-goal lead, lose 18th time in 19 games 11
- Pickard makes one last bid to stay, beats Wings in nine-round SO 6
- Video: Bartkowski delivers controversial hit to Gionta, fights Foligno 39
- Giroux line takes Leafs ‘to school’ in Flyers’ 7-4 victory 17
- Wolverine Pacioretty gets two assists just two days after being hospitalized 18
- Ovechkin scores beauty as Caps shutout Devils 8