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.
May 22, 2015, 1:30 AM EDT
Ducks trying to make life miserable for Chicago’s goalie.
May 22, 2015, 1:00 AM EDT
Game 4 goes Saturday in Chicago.
May 22, 2015, 12:12 AM EDT
So, what will the coach do for Game 4?
May 21, 2015, 11:17 PM EDT
Chicago’s power play came up empty.
May 21, 2015, 10:36 PM EDT
Talk about timing.
May 21, 2015, 10:26 PM EDT
Quite a sequence.
May 21, 2015, 9:15 PM EDT
‘Showtime’ strikes late in the period.
May 21, 2015, 8:05 PM EDT
Coach Q, shaking it up.
May 21, 2015, 7:49 PM EDT
Pittsburgh GM won’t stand in the way.
May 21, 2015, 6:58 PM EDT
Hit knocked the veteran d-man out of Game 3.
May 21, 2015, 6:10 PM EDT
“To have a guy of his ilk, considered one of the best coaches in the National Hockey League, taking a real good hard look at us in Buffalo after a 30th-place finish — I thought the process was great.”
May 21, 2015, 5:26 PM EDT
Two-way contract for Karpat’s playoff scoring sensation.
May 21, 2015, 5:15 PM EDT
A wide range of topics.
May 21, 2015, 4:15 PM EDT
“It’s something that we’re working on everyday. We’re trying to do it behind closed doors and away from public scrutiny.”
May 21, 2015, 4:02 PM EDT
“Word choice matters, even when attempting to be humorous.”
May 21, 2015, 2:58 PM EDT
Recently represented the United States at the worlds.
May 21, 2015, 2:44 PM EDT
As many as six new head coaches could still be named.
May 21, 2015, 1:54 PM EDT
Coaches be getting paid.
May 21, 2015, 1:46 PM EDT
Some have wondered if he could replace goal-less Bryan Bickell.
May 21, 2015, 12:43 PM EDT
“We need to create a safe environment for the players.”
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