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 23, 2014, 3:58 PM EDT
So, you know, hurry up and sign, kid.
Sep 23, 2014, 3:22 PM EDT
And Erik Karlsson’s the favorite to win the Norris.
Sep 23, 2014, 2:43 PM EDT
That was quick.
Sep 23, 2014, 2:01 PM EDT
Which will reportedly begin in September of 2016.
Sep 23, 2014, 1:33 PM EDT
First part of the two-part series starts in December.
Sep 23, 2014, 1:00 PM EDT
Sep 23, 2014, 12:30 PM EDT
Who will Ted Nolan choose?
Sep 23, 2014, 11:58 AM EDT
Courtesy a Beau Bennett high stick.
Sep 23, 2014, 11:07 AM EDT
Incident occurred during last night’s win over the Rangers.
Sep 23, 2014, 10:36 AM EDT
Lightning rookie will miss at least the first few games of the regular season.
Sep 23, 2014, 9:55 AM EDT
He’s establishing what he expects early.
Sep 23, 2014, 8:57 AM EDT
Is Detroit in for another injury-filled year?
Sep 23, 2014, 7:53 AM EDT
That’s a picture of Marguerite Moreau, who played Connie.
Sep 22, 2014, 10:13 PM EDT
Mitts were dropped. Frequently.
Sep 22, 2014, 9:16 PM EDT
Good start for a guy on a two-way deal.
Sep 22, 2014, 8:29 PM EDT
Like Vancouver, for example.
Sep 22, 2014, 6:53 PM EDT
“We’ve got to wait to see how it heals.”
Sep 22, 2014, 5:53 PM EDT
He’s been unable to skate since camp started.
Sep 22, 2014, 5:11 PM EDT
“You grow up playing hockey and you’re thinking ‘oh, I just want to play the game, it’s so much fun.’ Then you realize it is your job.”
Sep 22, 2014, 4:49 PM EDT
But it “shouldn’t be a long-term, lingering thing.”
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