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.
Sep 2, 2014, 10:48 PM EDT
He’s already great defensively.
Sep 2, 2014, 9:23 PM EDT
Gaudreau isn’t a lock to make the team either.
Sep 2, 2014, 8:00 PM EDT
He played a key role in Guelph winning the 2014 OHL championship.
Sep 2, 2014, 6:35 PM EDT
He’ll have a difficult time winning the backup job over Martin Jones.
Sep 2, 2014, 5:12 PM EDT
He was selected with the ninth overall pick in 2014.
Sep 2, 2014, 4:05 PM EDT
He still has a season left on his existing contract.
Sep 2, 2014, 3:40 PM EDT
He’s not the only Russian star linked to the KHL recently.
Sep 2, 2014, 2:22 PM EDT
Which unsigned vets will look to win jobs at camp?
Sep 2, 2014, 1:28 PM EDT
All at 75/1, respectively.
Sep 2, 2014, 12:14 PM EDT
Johansen, Krug, DeKeyser and more…
Sep 2, 2014, 11:18 AM EDT
The trio missed all of last year’s playoff run.
Sep 2, 2014, 10:23 AM EDT
Veteran AHLer had previously spent time with the Canucks, Avalanche and Islanders organizations.
Sep 2, 2014, 9:15 AM EDT
“I think it’s a great time for the Detroit Red Wings.”
Sep 2, 2014, 8:00 AM EDT
Tuesday’s collection of links.
Sep 1, 2014, 11:00 PM EDT
Easy to see why.
Sep 1, 2014, 9:01 PM EDT
Edmonton wants to assess Leon Draisaitl, it seems.
Sep 1, 2014, 7:33 PM EDT
Sixteen of their first 21 games are on the road.
Sep 1, 2014, 6:05 PM EDT
Part two of today’s Labor Day posts.
Sep 1, 2014, 4:22 PM EDT
Part one of two Labor Day “theme” posts.
Sep 1, 2014, 2:55 PM EDT
The new Penguins bench boss previously coached the young defenseman.
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