Jul 24, 2013, 5:21 PM EST
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.
Dec 20, 2014, 12:09 AM EST
They label Jimmy Howard as day-to-day.
Dec 19, 2014, 11:32 PM EST
They fell to Winnipeg 2-1 on Friday.
Dec 19, 2014, 10:31 PM EST
Then again, maybe the Ryan – Zibanejad – Hoffman line was just that good.
Dec 19, 2014, 10:01 PM EST
A beauty in regulation and in the shootout.
Dec 19, 2014, 9:51 PM EST
Sven Andrighetto is back up while Eric Tangradi heads to the AHL.
Dec 19, 2014, 8:48 PM EST
They’re playing safe for “precautionary” reasons.
Dec 19, 2014, 7:43 PM EST
It’s been 2,599 days since that last happened.
Dec 19, 2014, 6:47 PM EST
Let’s hope it’s just that type of illness …
Dec 19, 2014, 6:40 PM EST
It’s almost starting to feel like he has mutant powers.
Dec 19, 2014, 6:28 PM EST
They recalled Alexander Wennberg and Cody Goloubef.
Dec 19, 2014, 5:07 PM EST
Is under going an MRI today.
Dec 19, 2014, 5:00 PM EST
“As a family, we are thrilled that Dad’s quality of life has greatly improved, and his progress has exceeded our greatest expectations.”
Dec 19, 2014, 4:34 PM EST
Bring on the trade speculation.
Dec 19, 2014, 4:10 PM EST
32-year-old has played in 56 career NHL contests.
Dec 19, 2014, 3:37 PM EST
“Where’s the Tylenol?”
Dec 19, 2014, 3:21 PM EST
Off to the Marlies he goes.
Dec 19, 2014, 3:03 PM EST
Jeff Schultz has been called up from AHL Manchester.
Dec 19, 2014, 2:54 PM EST
“This is a great honor and opportunity for Mirco to represent his country,”
Dec 19, 2014, 2:31 PM EST
That said, might he make sense for the Bruins?
Dec 19, 2014, 2:12 PM EST
Henrik Lundqvist’s No. 2 returns for another year.
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