Jul 24, 2013, 5:21 PM EDT
Despite the city of Detroit having filed for bankruptcy, the Michigan Strategic Fund today approved the Detroit Downtown Development Authority’s request to use millions of dollars in taxpayer money to help build a new downtown arena for the Red Wings.
Per the Associated Press, Gov. Rick Snyder defended the decision as one that’s good for the future of the insolvent city.
“As we stabilize the city government’s finances, as we address those issues and improve services, Detroit moves from a place where people might have had a negative impression — although there are great things already going on — to being a place that will be recognized across the world as a place of great value and a place to invest,” said Snyder.
The $450 million arena is expected to be 58% publicly financed, according to the Detroit Free Press.
The arena’s completion is slated for 2017.
A new downtown home for the Wings has been the subject of speculation for years. The team’s present home, Joe Louis Arena, opened in 1979.
Jul 29, 2014, 10:02 PM EDT
From 64 (mercurial) to 10 (gritty!)
Jul 29, 2014, 9:02 PM EDT
Now battling Bon Jovi and Donald Trump!
Jul 29, 2014, 8:00 PM EDT
“This has been a difficult decision for Kevin.”
Jul 29, 2014, 7:01 PM EDT
After a year away from the game.
Jul 29, 2014, 6:04 PM EDT
Pretty nice pay bump for the 24-year-old rearguard.
Jul 29, 2014, 5:25 PM EDT
6-foot-8, 250-pounder was a first-round pick in 2005.
Jul 29, 2014, 4:26 PM EDT
Hall of Famer will work as an assistant under Ted Nolan.
Jul 29, 2014, 3:28 PM EDT
Fare thee well, Sammi.
Jul 29, 2014, 2:17 PM EDT
Low-risk signing, with good potential upside.
Jul 29, 2014, 1:33 PM EDT
“When you do have a little more responsibility, you want to take your lunch pail and get ready to work.”
Jul 29, 2014, 12:36 PM EDT
Had 13 goals and eight assists in 2013-14, his rookie season in the NHL.
Jul 29, 2014, 12:01 PM EDT
IIHF Disciplinary Board levies punishment for “very forceful check.”
Jul 29, 2014, 12:00 PM EDT
Was traded from Toronto on July 1.
Jul 29, 2014, 11:04 AM EDT
New Caps coach wants “people who are really good at distributing the puck and making things happen from the middle of the ice.”
Jul 29, 2014, 10:05 AM EDT
Had 11 goals and seven assists in 53 games last season.
Jul 29, 2014, 9:47 AM EDT
Expected to be healthy for training camp.
Jul 29, 2014, 9:35 AM EDT
Can become an unrestricted free agent next summer now.
Jul 29, 2014, 9:00 AM EDT
They won the Stanley Cup together in Tampa Bay.
Jul 29, 2014, 8:00 AM EDT
Tuesday’s collection of links.
Jul 28, 2014, 11:05 PM EDT
Both were part of Dallas’ 1999 championship.
- Gettin’ paid: Gardiner inks five-year, $20.25M extension with Leafs 8
- Report: Trottier to join Sabres’ coaching staff 8
- Blues sign former eighth overall pick Mueller 25
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center 40
- Eric Staal has surgery to repair ‘core muscle injury’ 6
- After not seeing ‘eye-to-eye’ with Carlyle, Reimer will compete for No. 1 gig 16
- Two down, one to go: Wings ink Tatar to three-year, $8.25M deal 12
- Cashing in: Rangers sign Brassard to five-year, $25 million deal 63
- Subban not eager to discuss contract talks 34
- Leafs re-sign Reimer — two years, $4.6 million 22
- Cashing in: Rangers sign Brassard to five-year, $25 million deal (63)
- Avs and O’Reilly agree on two-year deal, but questions remain (45)
- New Caps regime plans to keep Ovechkin at RW (for now) (42)
- Trotz plans to let Johansson, Kuznetsov, and Burakovsky compete for time at center (41)
- Rangers and Kreider avoid arbitration, agree on two-year deal (39)