Originally posted on FOX Sports  |  Last updated 6/19/13
The Detroit Red Wings and city officials have announced a $650 million plan for a new arena for the NHL team in Detroit's downtown entertainment and sports district. Plans for the 18,000-seat arena were announced Wednesday at a meeting of economic development officials to approve the deal. Red Wings owner Mike Ilitch has long said he wanted a replacement for the 32-year-old Joe Louis Arena. The Red Wings say there will be $367 million in private investment and $283 million in public funds in the complex. It also will include residential and retail space. The arena would be at Interstate 75 and Woodward Avenue, near the Detroit Tigers' Comerica Park and the Detroit Lions' Ford Field. Ilitch, who founded Little Caesars Pizza, also owns the Detroit Tigers.
MORE FROM YARDBARKER

Carmelo Anthony sets up YouCaring page to help people in Puerto Rico

Kyle Shanahan takes jab at controversial pass interference call

Le'Veon Bell on precipice of amazing Steelers record

Andre Ward: A champion’s career comes to a close

Tigers will not retain manager Brad Ausmus

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

15 key questions for NFL Week 3

Why USC-Cal will be best CFB game this weekend

NFL won’t rule out Ezekiel Elliott being suspended for Week 3

Players with most to prove heading into NBA season

CC Sabathia not worried about booze-fueled celebrations

Belichick defers Hernandez CTE, lawsuit questions

Sports & Politics Intersect: Mayor Garcetti rolls back the NFL red carpet

The 'Greatest Show temporarily not on turf' quiz

Separating MLS playoff contenders from pretenders

WNBA Finals preview: Lynx look for revenge against Sparks

The 'Chris Sale joins an elite club' quiz

Three Up, Three Down: The home runs just keep on coming

Building on the NFL's positive changes beyond 2017

NFL Week 3 predictions

The 'MLB is as powerful as ever' quiz

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

College football 2017 Week 4 predictions

10 teams that can unseat the Warriors in 2018

All Sports News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Yardbarker Privacy Policy and Terms of Service. You can opt out at any time. For more information, please see our Privacy Policy.

Sports & Politics Intersect: Mayor Garcetti rolls back the NFL red carpet

The 'Greatest Show temporarily not on turf' quiz

Separating MLS playoff contenders from pretenders

WNBA Finals preview: Lynx look for revenge against Sparks

Three Up, Three Down: The home runs just keep on coming

The 'Chris Sale joins an elite club' quiz

Building on the NFL's positive changes beyond 2017

NFL Week 3 predictions

After a decade in the WNBA, MVP Sylvia Fowles is ready for the spotlight

The 'MLB is as powerful as ever' quiz

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker