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.
May 22, 2015, 12:03 PM EDT
No word on who’ll draw in as a replacement.
May 22, 2015, 11:40 AM EDT
No word yet if he’ll be able to play right away.
May 22, 2015, 11:15 AM EDT
We really need to get these combos better nicknames, though.
May 22, 2015, 11:03 AM EDT
The Rangers need The King to play like one tonight.
May 22, 2015, 10:25 AM EDT
He also reiterates that the salary cap will be about $71M.
May 22, 2015, 9:20 AM EDT
Almost always a good way to go.
May 22, 2015, 8:31 AM EDT
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.
- All eyes on Lundqvist 3
- Quenneville opted for ‘fresh legs’ by inserting Nordstrom, Versteeg into lineup 9
- Video: Ducks hold off Blackhawks in Game 3 to take series lead 27
- (Video) PHT Extra: On Babcock, sticking to the process and housebuilding analogies 3
- Babcock predicts ‘pain’ for Leafs, who are a ‘massive, massive challenge’ 38
- Babcock wants to ‘put Canada’s team back on the map’ 46
- Flyers won’t trade Del Zotto, but ‘something will have to give’ on crowded blue line 21
- What’s wrong with Lundqvist? 70
- It goes to eleven: Lightning edge Rangers in track meet 34
- Brodeur signs three-year deal to be Blues’ assistant GM 12
- Reports: Sabres thought they had a deal with Babcock, aren’t happy (172)
- Leafs land Babcock with reported 8-year deal, estimated at $50 million (130)
- Russia to be punished for ‘completely out of order’ actions after Worlds final loss to Canada (90)
- Report: Sabres negotiating with Babcock (82)
- What’s wrong with Lundqvist? (70)