Sure, build a Mecca for an extinct sport……in Detroit !

New Detroit Red Wings complex heads to Snyder’s desk for final approval

December 13, 2012 – Legislation that the Ilitch family says is needed to move forward on plans for a $650 million entertainment district and new Detroit Red Wings hockey arena in downtown Detroit cleared the state House of Representatives Thursday afternoon. Olympia Entertainment, owned by the Iltich family, said the proposed mixed-use development would be funded by a mix of private investment and existing money collected by Detroit’s Downtown Development Authority. No new taxes would be needed to build the development, but the state needed to pass House Bill 5463 to allow the DDA to continue to get money for these kinds of developments.

Link to Full Article: http://www.mlive.com/business/detroit/index.ssf/2012/12/legislation_to_build_new_detro.html

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