Posted December 05, 2012 on
AP on Fox
The Michigan Senate approved legislation Wednesday to help finance a downtown Detroit project that would include a new home for the NHL's Detroit Red Wings.
Team owner Mike Ilitch this week announced plans for a $650 million multiuse development, which would include an events center where Red Wings games could be held. He has said for years he'd like a new arena for the team, which now plays at the aging Joe Louis Arena.
The bill approved by the Senate would allow use of tax dollars collected by the city's Downtown Development Authority for the project. DDAs capture shares of local tax revenue to support development activities such as marketing and buying property.
Senate Democratic leader Gretchen Whitmer opposed the measure as a drain on funding for Detroit's public schools.
The city's DDA has been allowed for nearly two decades to pay down general obligation bonds with about $12.8 million a year that otherwise would have gone to education, she said. Now that those bonds are paid off, the bill would tap that same revenue stream for Ilitch's project instead of finally steering the money back to education.
''This is a direct subsidy by school kids to allow a billionaire to build a hockey arena,'' Whitmer said. ''That's the Republican agenda we all know and love. ... It makes me sick. I hear my colleagues say, `Oh, this is for Detroit and we're all in favor of Detroit now,' because one billionaire called you.'''
Senate Majority Leader Randy Richardville said the Ilitch project would be an economic boon for Detroit and Michigan, pumping more than $1.9 million into the economy and creating about 8,300 construction jobs.
The bill was approved on a 27-11 vote and returned to the House. To take effect, it must be enacted before the 2011-12 session ends this month.
BEST OF MAXIM
Watch a Grand Rapids edition of Wingspan as we visit the Detroit Red Wings AHL affiliate Grand Rapids Griffins. The show has been divided into four parts, click each video below to watch.
Video: Wingspan: Grooming the Griffins - Part 1
Video: Wingspan: Grooming the Griffins - Part 2
Video: Wingspan: Grooming the Griffins - Part 3
Video: Wingspan: Grooming the Griffins - Part 4
By Jeremy B.
The Griffins played back-to-back home games with the Texas Stars last Friday and Saturday. They lost the opener 3-1 with Thomas McCollum in net but won 3-2 on Saturday with Petr Mrazek notching win #7. Here's what we learned from this series:
1. Petr Mrazek MUST be the #1 goalie heading forward. Check...
from Paul Egan of the Detroit Free Press,
Officials from Mike Ilitch's Olympia Development Company are today outlining to state lawmakers plans for a $650 milllion-dollar mixed use development in downtown, anchored by a "new, state of the art, multi-purpose events center."
Eric Larson, non-executive president of Olympia Development, told the Senate Government...
The announcement that Red Wings owner Mike Ilitch's Ilitch Holdings business organization is backing legislation which would facilitate the construction of a massive "mixed-use" development which will include a follow-on rink succeeding Joe Louis Arena has everything to do with timing.
We should know more about the proposed rink, as the Detroit News notes, the residential...
12/4/12 Colorado (11-12-1) @ Detroit (17-8-0) Detroit looked to move to 9-1 over their past ten games as they welcomed the Colorado Avalanche to the Joe. The first period started with a bang, as Henrik Zetterberg (14) kept his hot hand from previous games, and scored at 4:27 (A: Cleary). Former Buffalo captain Jochen Hecht [...]
Tuesday, Olympia Development a holding of Mike Ilitch proposed a new $650 million dollar entertainment district that would include a “new, state of the art, multi-purpose events center.” (or in other words an arena) according to the Detroit Free Press.
“We have a tremendous opportunity through a large-scale project to make a positive impact on our community,” said Christopher...
Well it’s officially official. The Wings are going to get a new rink – and it sounds like not just that either. They’ll be getting an entire district centered around the new rink in Downtown Detroit.
After years of hints and speculation, the Ilitch family took the first steps Tuesday toward building a new entertainment district downtown anchored by a multipurpose...