Crain's Detroit Business's Bill Shea promised a blockbuster on Sunday evening, and he's delivered. According to Shea, Ilitch Holdings and Olympia Entertainment, who do not own but instead lease Joe Louis Arena from the City of Detroit, are proposing that that their follow-on rink be owned by and leased from the State of Michigan:
The Ilitch family, which owns the Detroit Red Wings, has privately floated the idea that the state of Michigan own a new downtown hockey arena proposed for the National Hockey League franchise.
The suggestion to possibly use the Michigan Strategic Fund as the venue's owner was discussed in a November meeting between state economic development executives and representatives of the Ilitch family, according to copies of emails obtained from the Michigan Economic Development Corp. by Crain's through a Freedom of Information Act request.
Details of that meeting have not been disclosed, but a source familiar with the situation, who spoke on condition...