Jul 22, 2013, 11:22 AM EDT
The city of Detroit’s bankruptcy filing should not affect the Red Wings’ plans to build a new downtown arena, according to Brian Holdwick, executive vice president of business development of the Detroit Economic Growth Corp.
From The Associated Press:
Plans for an 18,000-seat arena were announced by the team’s owners and local economic development officials last month, although the new proposal still needed to be approved by the City Council and a handful of state and local agencies. 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.
Spending that kind of money on an arena — in a city where bankruptcy could mean laying off employees and scaling back basic services — could draw some public resistance. Holdwick said funding for the project would come from tax increment dollars that can’t be used by the city’s general fund anyway, so it’s not necessarily a zero-sum game between building an arena and easing Detroit’s financial pain.
But despite Holdwick’s opinion, the Red Wings have yet to comment on the city’s bankruptcy filing, which may suggest the club isn’t entirely confident that nothing has changed.
After all, in a place where so many people are facing economic hardship, spending millions of taxpayer dollars on a new arena for a pro sports team was already politically sensitive. After last week’s news, it may be even more so.
Sep 3, 2015, 3:25 PM EDT
His availability for the season opener is in doubt.
Sep 3, 2015, 2:03 PM EDT
Bruins d-man is using them as motivation for a bounce-back campaign.
Sep 3, 2015, 1:02 PM EDT
This should be good.
Sep 3, 2015, 11:42 AM EDT
Where he worked with — wait for it — current Minnesota starter Devan Dubnyk.
Sep 3, 2015, 10:53 AM EDT
In a shocking development, “money and term” are the sticking points.
Sep 3, 2015, 10:03 AM EDT
He could face up to five years in prison.
Sep 3, 2015, 9:00 AM EDT
It would mark a record for the sale of a U.S.-based NHL team.
Sep 3, 2015, 8:00 AM EDT
Thursday’s collection of links.
Sep 2, 2015, 11:30 PM EDT
Bakersfield and Stockton will play in West Sacramento, Calif. on Dec. 18.
Sep 2, 2015, 10:00 PM EDT
As many as five teams are reportedly interested in acquiring the 26-year-old.
Sep 2, 2015, 8:45 PM EDT
He was expecting a two or three year contract.
Sep 2, 2015, 5:00 PM EDT
The 26-year-old refuted an Ilta-Sanomat story.
Sep 2, 2015, 3:35 PM EDT
The 23-year-old appeared in 38 games with Chicago last season.
Sep 2, 2015, 1:57 PM EDT
“I’m a realist. If nothing happens, that’s the way it is.”
Sep 2, 2015, 12:34 PM EDT
Can he beat out Cam Talbot and Ben Scrivens?
Sep 2, 2015, 12:05 PM EDT
“I know that it’s not just me that feels I can be a lot better and be the player that I know I’m going to be and I want to be.”
Sep 2, 2015, 11:47 AM EDT
Another diamond in the rough?
Sep 2, 2015, 10:59 AM EDT
He also wanted them to get swept in the opening playoff round against Nashville, apparently.
Sep 2, 2015, 9:54 AM EDT
After missing most of last season with a back injury.
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